- *** SCHEDULE ***
- No data scheduled for release in the US today
- Fed??™s Mishkin to speak in New York [9:00 et]
- Fed??™s Kroszner to speak on mortgage lending [13:00 et]
- *** EUROPEAN NEWS OVERNIGHT ***
- SP Oct Net Change in Unemployment: 31.2K v ??“10.9K prior
- SP Oct Consumer Confidence: 76.2 v 80.2 prior [Lowest since records began in September 2004]
- EU Nov Sentix Investor Confidence: 14.0 v 12.4e
- UK Oct Services PMI: 53.1 v 56.0e
- UK Sep Industrial Production: M/M ??“0.4% v 0.2%e || Y/Y ??“0.2% v 0.4%e
- UK Sep Manufacturing Production: M/M ??“0.6% v 0.1%e || Prior revised from 0.4% to 0.5% |||| Y/Y ??“0.1% v 0.7%e
- GE IFO Nerb: Business sentiment is unlikely to fall as much as it did in 2001/02 period
- GE IFO Nerb: The Euro is Germany??™s biggest economic risk followed by oil
- GE IFO Nerb: The job market is seen improving further
- GE IFO Nerb: Weak construction is a worry
- EU ECB Trichet: Financial economy risks were underestimated in the past but a correction is underway
- *** ASIAN NEWS OVERNIGHT ***
- NZ Q3 Labor Cost All Wages Q/Q: 0.9% v 0.8%e
- NZ Q3 Labor Cost Private Sector Q/Q: 0.9% v 0.8%e
- AU Oct AiG Performance of Service Index: 53.2 v 56.4 prior
- AU Oct TD Securities Inflation M/M: 0.3% v 0.2% prior || Y/Y 3.3% v 3.0% prior
- AU Oct ANZ Job Advertisements: 2.7% v ??“0.4%e
- JP MOF Shinohara: Forex levels should be set by markets
- JP MOF Shinohara: Currencies should reflect fundamentals
- JP Fukui: Reiterates that interest rates will rise gradually || No present schedule on rate movements
- JP Fukui: Must carefully assess the future economic view
- JP Fukui: Real interest rates remain low
- JP Fukui: Notes a continued easy policy behind the yen-carry trade
- JP Fukui: US economic slowdown to be offset by other recoveries
- More hurdles are needed to be cleared before a go-ahead could be given to a plan which would let mainland individual investors trade Hong Kong stocks [Asian Press]
- China's securities regulator has told the asset management industry to restrain the growth in the size of its mutual funds in a move to lower risks [China Press]
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