- *** ECONOMIC SCHEUDLE ***
- US MBA Mortgage Applications: No estimates || 3.8% prior [7:00 et]
- US Q3 Preliminary Nonfarm Productivity: 3.1%e || 2.6% prior [8:30 et]
- US Q3 Preliminary Unit Labor Costs: 1.1%e || 1.4% prior [8:30 et]
- US Fed??™s Lacker to speak in New York [8:45 et]
- US Fed??™s Warsh to speak in New York [9:00 et]
- US Sep Wholesale Inventories: 0.2%e || 0.1% prior [10:00 et]
- US Treasury to hold 10-year note auction [13:00 et]
- US Fed??™s Lockheart to speak on US economic outlook [13:10 et]
- US Fed??™s Poole to speak in Milwaukee [13:15 et]
- US Sep Consumer Credit: $9.0Be || $12.2B prior [15:00 et]
- *** ASIAN NEWS OVERNIGHT ***
- JP Oct Official Reserve Assets: $954.5B v $945.6B prior
- AU RBA raises rates by 25bps to 6.75% as expected
- AU Sep Home Loans: -2.4% v 0.1%e || Prior revised from 1.6% to 1.4%
- AU Sep Investment Lending: -3.3% v ??“4.5% prior || Prior revised from ??“4.5% to ??“2.2%
- AU Q3 House Price Inflation: Q/Q 3.5% v 3.0%e || Prior revised from 3.2% to 3.7% |||| Y/Y 10.6% v 9.8%e || Prior revised from 9.2% to 9.5%
- AU Oct AiG Performance of Construction Index: 57.4 v 55.2 prior
- Chinese Official: China should diversity into strong currencies such as the Euro
- Chinese Official: Suggests a wide trading range around target fx rate
- Chinese Official: Suggests gradually raising interest rates and adding a tax to speculative outflows
- PBOC Official: The USD is losing its status as a world currency
- *** EUROPEAN NEWS OVERNIGHT ***
- SW Oct Budget Balance [sek]: 1.2B v 19.4B prior
- NO Sep Industrial Production Manufacturing: M/M ??“0.1% v 0.3%e || Y/Y 4.0% v 4.6%e
- GE Wise Men: See no signs that the German economic upswing will end
- GE Wise Men: Sees the rapid Euro rise, oil prices over $80, and mortgages woes as the main risks to the German economy
- Prudential: The USD is more likely to stabilize and strengthen than to collapse in 2008
- Russian Central Bank proposes converting rouble funds of its oil stabilization fund
- Russian Central Bank proposes depositing free budget funds on bank accounts
- Russian Central Bank proposes admitting eurobonds in repo operations
- Prudential: The USD is more likely to stabilize and strengthen than to collapse in 2008
- Russian Central Bank proposes converting rouble funds of its oil stabilization fund
- Russian Central Bank proposes depositing free budget funds on bank accounts
- Russian Central Bank proposes admitting eurobonds in repo operations
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