Quote:
‘All the interests of my reason, speculative as well as practical, combine in the three following questions:
1. What can I know?
2. What ought I to do?
3. What may I hope?’
Immanuel Kant (1724-1804)
The News:
All schools and universities closed in Pakistan after suicide bomb at Islamabad university.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
01:00 US Fed’s Plosser speaks on monetary policy, Stanford University: solving moral hazard to take a long time.
08:00 SE Swedish Riksbank starts a two-day rate-setting meeting (unanimously expected unchanged at 0.25%).
09:30 GB Bank of England Minutes of 7/8th October MPC meeting.
09:30 GB Q4 CBI Quarterly Industrial Trends Orders (-46 to –40 versus –48 Q3).
17:00 US Fed’s Lacker speaks on economics and journalism, Richmond.
18:00 US Fed’s Tarullo speaks at the Exchequer Club, Washington.
19:00 US Fed’s Beige Book.
00:50 JP September Trade Balance (Mizuho Securities +870B yen versus +183B August).
The Psychology:
Central bankers warn on further banking problems with few solutions in sight.
The Risk:
Small wobbles in stock indices as we wonder why we climbed quite so high since March.
Today’s most interesting chart: Brazil’s Bovespa index
First Thailand, now this one, slipping suddenly on local news.
