Quote:
‘I know I’ve got Irish blood because I wake up everyday with a hangover.’ Noel Gallagher (1967-)
The News:
‘Currency dumping in 1930 ruined the world economy’ says Japan’s finance minister Fujii.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
06:00 JP October Bank of Japan Monthly Report.
07:00 EU27 September New Car Registrations +6.3% versus +3.3% August.
09:00 EZ16 October ECB Monthly Report.
10:00 EZ16 September CPI (0% to +0.2% M/M, Core +1.1% to 1.3% Y/Y, versus +0.3% and +1.3% August).
10:00 CH October ZEW Survey (versus 58 September).
12:25 EZ16 ECB’s Trichet speaks about lessons from the crisis at a banking conference, Frankfurt.
13:30 US September CPI (+0.1% to +0.3% M/M, –1.7% to –1.3% Y/Y, versus +0.4% and –1.5% August).
13:30 US September CPI Ex-Food&Energy (0% to +0.2% M/M, +1.3% to +1.6% Y/Y, vs +0.1% and +1.4% August).
13:30 US October Empire State Manufacturing Survey (15 to 22.10 versus 18.88 September).
13:30 US Weekly Jobless Claims (510K to 535K, Continuing Claims 5990K to 6150K, vs 521K and 6040K prior week).
13:30 CA August Manufacturing Sales (-3.0% to +2.9% M/M versus +5.5% July).
14:45 US Fed’s Bullard speaks at a banking conference, St. Louis.
15:00 US October Philadelphia Fed Survey (8 to 17 versus 14.1 September).
21:15 US Treasury’s Geithner speaks at a conference organised by The Economist, New York.
The Psychology:
Great excitement in the media as Dow Jones Industrial Average closes above 10,000.
The Risk:
Equity indices are currently not taking into account FX moves.
Today’s most interesting chart: NOK/JPY
Strongest versus almost the weakest this month, so the cross at this year’s high.
