Quote:
‘Of all the things I’ve ever lost, I miss my mind the most.’ Ozzy Osbourne (1948-)
The News:
Bank of Korea keeps rates unchanged at 2.00% as Q4 economic growth to slow.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
00:00 US Fed’s Bernanke speaks about the Fed’s balance sheet; accommodative for an extended period.
00:50 JP August Machine Orders +0.5% M/M, -26.5% Y/Y, versus –9.3% and –34.8% July.
01:45 US Fed’s Hoenig speaking in Oklahoma City; says the worst of the crisis is behind us.
07:00 DE August Trade Balance +€10.6B, Current Account +€4.6B, versus +€13.9B and +€11B July.
09:30 GB September PPI Input (-1.1% to +2.5% M/M, -7.2% to –3.6% Y/Y, vs +2.2% and –7.5% August).
09:30 GB September PPI Output (0% to +0.4% M/M, -0.4% and +0.2% Y/Y, vs +0.2% and –0.4% August).
09:30 GB August Trade Balance (-£6.6B to -£6.0B, Non-EU -£3.7B to -£3.5B, versus -£6.5B and -£3.9B July).
10:30 EZ16 ECB’s Trichet speaks at the University of Venice.
12:00 CA September Employment Change (-30K to +20K, Unemployed 8.7% to 8.9%, vs +27.1K and 8.7% August).
13:30 CA August Trade Balance (-C$1.8B to –C$0.5B versus –C$1.4B July).
13:30 US August Trade Balance (-$35.3B to -$29B versus -$32B July).
13:30 US Fed’s Lockhart speaks at a conference on short-selling, Atlanta.
15:30 CA Q3 Business Outlook Future Sales (25 to 40 versus 38 Q2) and Loan Officer Survey.
17:15 US Fed’s Kohn speaks on monetary policy research, Washington; Bullard at 19:00 in Minnesota.
The Psychology:
Holidays in Canada, Japan, Brazil, among others, Monday 12th October.
The Risk:
Weekly closes on several charts might be outside recent ranges.
Today’s most interesting chart: Singapore dollar
Romping along just behind the Aussie.
