Quote:
‘Ever since I became a movie star I’ve been really weird’. Marilyn Monroe (1926-1962)
The News:
US prosecutors seize assets of the Alavi Foundation saying it funnels money to Iran’s government.
The Numbers:
Greenwich Mean Time, with expectations and previous figures in brackets.
05:00 JP October Consumer Confidence 40.8, Households 40.5, versus 40.7 and 40.5 September.
07:00 DE Q3 GDP +0.7% Q/Q, -4.8% Y/Y, versus revised +0.4% and –5.8% Q2.
08:15 CH October PPI (versus +0.2% M/N and –4.9% Y/Y September).
09:30 DE German ‘wise men’ panel present their view on the economy, Berlin.
09:50 JP Japanese PM Hatoyama and President Obama news conference, then dinner, Tokyo.
10:00 EZ16 Q3 GDP (0% to +0.9% Q/Q, -4.4% to –3.6% Y/Y, versus –0.2% and –4.8% Q2).
13:15 DE ECB’s Weber speaks on financial market regulation, Berlin.
13:30 US October Import Price Index (+0.5% to +1.7% M/M, -6.1% to –5.0% Y/Y, versus +0.1% and –12.0% Sep).
13:30 US September Trade Balance (-$34B to -$29B versus -$30.7B August).
13:30 CA September Trade Balance (-C$2.7B to –C$0.9B versus –C$2B August).
13:30 CA September New Vehicle Sales (0% to +1.2% M/M versus –0.3% August).
15:00 US November University of Michigan Confidence Survey (67.5 to 75.0 versus 70.6 October).
16:30 FR the Fed’s Evans and Banque de France’s Noyer speak on asset bubbles and monetary policy, Paris.
01:30 US Fed’s Dudley speaks on building a stronger financial system, Princeton University, New Jersey.
The Psychology:
Friday the 13th, unlucky for some.
The Risk:
Markets looking for direction.
Today’s most interesting chart: China ‘B’ shares
Soaring on rumours on yuan/merger with ‘A’ share.
