Quote:
‘Every woman should have four pets in her life. A mink in her closet, a jaguar in her garage, a tiger in her bed, and a jackass who pays for everything.’ Paris Hilton (1981-)
The News:
Australian September Employment Change +40.6K, Unemployment 5.7% vs –27K and 5.8% August.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
00:50 JP August Trade Balance 303B yen, Current Account 1171B, versus 437B and 1265B July.
05:00 JP September Bankruptcies –18.0Y/Y versus –1.0% August.
06:00 JP September Economy Watchers’ Survey Current 43.1, Outlook 44.5, vs 41.7 and 44.0 versus August.
07:00 JP September Machine Tool Orders –61.9% Y/Y versus –71.5% August.
11:00 DE August Industrial Production (-0.5% to +4.1% M/M, -18.4% to –15.3% Y/Y, vs –0.9% and –17.0% July).
12:00 GB Bank of England interest rate decision (unanimously expected unchanged at 0.50% and £175B QE).
12:45 EZ16 ECB interest rate decision (unanimously expected unchanged at 1.00%); press conference 13:30, Venice.
13:15 CA September Housing Starts (138K to 160K versus 150.5K August).
13:30 US Weekly Jobless Claims (530K to 560K, Continuing Claims 6000K to 6190K, vs 551K and prior week).
15:00 US August Wholesale Inventories (-1.8% to –0.5% versus –1.4% July).
18:30 US Fed’s Lacker speaks at a conference, Washington; Tarullo at 20:35, Phoenix.
00:00 US Fed’s Bernanke speaks about the Fed’s balance sheet, Washington.
00:50 JP August Machine Orders (Mizuho Securities +1.5% M/M, -27.8% Y/Y, vs –9.3% and –34.8% July).
The Psychology:
FX markets pushing at extremes.
The Risk:
US and Japan auction thirty-year Treasuries.
Today’s most interesting chart: Spot Silver
New high for this year as USD weakens.
