Quote:
‘I truly believe we are at the dawning of a new age where individuals with creativity, raw talent and innovative ideas will begin the new fashion world order.’ Simon Fuller (1950-)
The News:
Sydney hit by major sandstorm, other parts of Australia by hailstones and small earthquakes.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
08:30 DE September Manufacturing PMI (49.5 to 52.7, Services 51 to 56.5, versus 49.2 and 53.8 August).
09:00 EZ16 September Manufacturing PMI (48.5 to 51.4, Services 49 to 51.8, Composite 50.7 to 52.4, versus 48.2, 49.9 and 50.4 August).
09:30 GB August BBA Mortgages (£3.84B to £4.20B versus £3.81B July).
09:30 GB Bank of England Minutes of the September 9/10th MPC meeting.
10:00 EZ16 July Industrial New Orders (-0.6% to +3.5% M/M, -29.0% to –23.6% Y/Y, vs +3.1% and –25.1% June).
13:00 NO Norges Bank interest rate decision (unanimously expected unchanged at 1.25%); 13:45 news conference.
13:10 GB Bank of England’s Barker speaks, Wales.
14:30 US Treasury’s Geithner testifies on regulatory reform, House Financial Services Committee, Washington.
19:15 US FOMC interest rate decision (unanimously expected unchanged at 0.25%).
00:50 JP August Trade Balance (Mizuho Securities 340B Yen versus 377B July).
The Psychology:
Today is the last day of Japanese and Eid Al-Fitr holidays.
The Risk:
Currency moves become increasingly erratic.
Today’s most interesting chart: US Dollar Index future
Weakest in 12 months.
