Quote:
‘Travel and travellers are two things I loathe’. Clause Levi-Strauss (1908-2009)
The News:
US’s Geithner opposes any financial transaction tax and insists economic stimulus stays.
The Numbers:
Greenwich Mean Time, with expectations and previous figures in brackets.
07:00 DE September Trade Balance +€10.6B, Current Account +€9.4B, versus +€8.1B and +€4.4B August.
09:30 EZ16 November Sentix Investor Confidence (-14.2 to –9.0 versus –12.6 October).
11:00 DE September Industrial Production (+0.5% to +2.0% M/M, -17.4% to –13.2% Y/Y vs +1.7%/–16.8% August).
13:15 CA October Housing Starts (147K to 165K versus 149K September).
The Psychology:
The Berlin Wall came down 20 years ago today.
The Risk:
US dollar weakness accelerates.
Today’s most interesting chart: US Five-year TNote future
Looking for direction.
