Quote:
‘It’s remarkable how often my marriages and my restaurants go down the pan at approximately the same time.’ Keith Floyd (1944-2009)
The News:
Many stock indices at highest in about a year.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
00:50 JP July Tertiary Industry Index +0.6% versus revised +0.2% June.
09:30 GB August Retail Sales (-0.4% to +0.5% M/M, 2.1% to 3.1% Y/Y, versus +0.4% and 3.3% July).
09:30 GB Bank of England Quarterly Inflation Survey.
10:00 EZ16 July Trade Balance (+€0.9B to +€5.0B versus +€1.0B June).
11:00 GB September CBI Industrial Trends (-53 to –45 versus –54).
12:00 CA August CPI (-0.2% to +0.4% M/M, -1.0% to –0.4% Y/Y, Core +1.4% to +1.7%, vs –0.3%/-0.9%/+1.8%).
13:00 CH Swiss National Bank interest rate decision (unanimously expected unchanged at 0.25%).
13:30 US August Housing Starts (580K to 615K, Building Permits 570K to 605K, versus 581K and 564K July).
13:30 US Weekly Jobless Claims (530K to 580K, Continuing Claims 6000K to 6230K, vs 550K and 6088K prior week).
13:30 CA August Leading Indicators (+0.3% to +0.7% M/M versus +0.4% July).
15:00 US September Philadelphia Fed Survey (2.5 to 14.4 versus 4.2 August).
18:00 EU27 leaders meet in Brussels to discuss strategy ahead of G20 meeting in Pittsburgh; 11:15 press conference.
The Psychology:
EU president Barroso wins a second five year mandate.
The Risk:
US dollar weakens further as authorities stand by.
Today’s most interesting chart: SEK
Strongest Swedish krona since early October 2008.
