NEWS / Foreign Exchange

U.S Market Update

• *** ECONOMIC SCHEDULE ***
• HU Hungarian Central Bank Rate Decision: Expected to cut rates by 25bps to 7.25% [9:00 et]
• US Treasury??™s Financing Estimates [15:00 et]
• *** EUROPEAN NEWS OVERNIGHT ***
• SP Real Retail Sales Y/Y: 0.4% v 3.7%e [Lowest since June 2006]
• GE Oct Brandenburg CPI: M/M 0.4% v 0.2% prior || Y/Y 2.4% v 2.4% prior
• GE Oct North Rhine-Westphalia CPI: M/M 0.1% v 0.3% prior || Y/Y 2.6% v 2.6% prior
• UK Sep Mortgage Approvals: 102K v 102Ke [Lowest since August 2005] || Prior revised from 109K to 108K
• UK Sep Net Consumer Credit ??1.4B v ??900Me [Highest since January 2006] || Prior revised from ??1.0B to ??1.1B
• UK Sep Net Lending Secured on Dwellings: ??9.8B v ??8.3Be
• UK Sep Final M4 Money Supply: M/M 1.0% v 1.0% prior || Y/Y 12.8% v 12.8% prior
• UK Sep Final Sterling Lending: ??23.7B v ??23.0B prior
• Italy sold ?‚¬1.0B in 2.10% September 2017 BTPei with an average yield of 2.14% and a bid-to-cover of 1.868. The auction brought the amount outstanding for the issue up to ?‚¬10.91B. The Bid-to-cover compared to 1.40 at the previous auction.
• *** ASIAN NEWS OVERNIGHT
• JP Sep Retail Trade: M/M ??“1.5% v ??“2.0%e || Y/Y 0.5% v ??“0.7% prior
• JP Sep Large Retailers??™ Sales: -2.0% v ??“1.8%e
• NZ Sep Trade Balance ??“544M v ??“700Me || Prior revised from ??“945M to ??“94M
• NZ Sep Imports: 3.55B v 3.50Be || Prior revised from 3.60B to 3.61B
• NZ Sep Exports: 3.01Bv 2.79Be
• CH PBOC??™s Yi: the narrowing rate gap between China and the US will pressure the Yuan
• CH PBOC??™s Su Ning: China will stay on the course of monetary tightening and will keep a lid on money supply and credit growth