Quote:
‘’You are old, Father William’, the young man said,
‘And your hair has become very white;
And yet you incessantly stand on your head –
Do you think, at your age, it is right?’’ Lewis Carroll (1832-1898)
The News:
China is to allow insurers to invest in Private Equity and real estate.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
09:30 EZ16 September Sentix Investor Confidence (6 to 13 versus 8.5 August).
10:00 DE ECB’s Stark speaks on stability of the Euro and lessons from Greece, Berlin.
17:00 EZ27 EU Finance Ministers meet Van Rompuy to discuss changes to budget rules, Brussels.
00:01 GB August BRC Retail Sales Monitor (versus +0.5% Y/Y July).
The Psychology:
Labour Day holidays today in Canada and the USA.
The Risk:
The Bank of Japan starts a two-day rate-setting meeting.
Today’s most interesting chart: Spot Silver
New high for this year, highest since March 2008.
