Quote:
‘I can’t let myself be reduced to acting as a wet nurse to my husband, and I can’t stop him making himself ridiculous in front of the whole world.’ Veronica Lario (1956-)
The News:
Germany’s Angela Merkel is re-elected, as was Portugal’s Jose Socrates.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
00:50 GB September Hometrack Housing Survey +0.2% M/M, -5.6% Y/Y, versus +0.1% AND –6.7% August.
From today DE September CPI for the different German states.
13:30 US August Chicago Fed Activity Index (versus –0.74 July).
15:30 US September Dallas Fed Manufacturing Activity (-4.0% to +6.5% versus –9.1% August).
15:30 EZ16 ECB’s Trichet testifies at Economic and Monetary Committee, Brussels.
20:40 CA Bank of Canada governor Carney speaks; news conference at 22:00, Victoria.
00:30 JP September Tokyo CPI (Mizuho Securities –1.9% Y/Y, Ex-fresh food –2.1%, versus –1.6% and –1.9% August).
00:30 JP August CPI (Mizuho Securities –2.5% Y/Y, Ex-fresh food –2.4%, versus –2.2% and –2.2% July).
The Psychology:
Yom Kippur holiday in Israel.
The Risk:
Stock markets slip again today.
Today’s most interesting chart: GBP/JPY
Dropping like a stone as JPY gains 4.7% and sterling loses 2.6% versus USD over the last month.
