Quote:
‘It’s better to have a bit more meat on you once you hit your mid-thirties – or you can look like a dried-out bird.’ Kate Moss (1974-)
The News:
A Jordanian arrested allegedly trying to blow up a Dallas skyscraper yesterday, one of three incidents being investigated this week.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
00:50 JP August Corporate Service Prices –3.5% Y/Y versus –3.4% July.
00:50 JP Bank of Japan Minutes of August meeting; to continue with ample liquidity.
07:10 DE October GfK Consumer Confidence 4.3 versus revised 3.8 September.
09:00 EZ16 August M3 Money Supply (+2.5% to +2.9% Y/Y versus +3.0% July).
09:30 GB Q2 final Total Business Investment (-10.4% and –18.4% versus –10.4% and –18.4%).
13:30 US August Durable Goods Orders (-2.0% to +4.0%, Ex-transport +0.3% to +2.3%, vs +5.1% and +1.1% July).
15:00 US August New Home Sales (420K to 455K Y/Y versus 433K July).
15:00 US September final University of Michigan Confidence Survey (69.9 to 72 versus 70.2).
18:15 US Fed’s Warsh speaks on market developments, Chicago.
The Psychology:
G20 leaders’ summit continues in Pittsburgh today.
The Risk:
Sunday’s federal election in Germany.
Today’s most interesting chart: Japanese Banks Index
Dropping towards 2003’s all-time low.
