ISM indices (Oct): indicating moderate expansionFOMC: more favourable economic assessment, but no change in accommodative stanceLabour market report (Oct): no significant improvement
The first regional October manufacturing surveys painted an...
Week beginning 2 November 2009
RBA: Case for 50bp hike next week still solid but rates on hold for much of 2010.Australian data: house prices, retail sales, dwelling approvals, trade previewed.Some subtle shifts from the RBNZ.US FOMC to leave rates...
Three major central banks meet to discuss monetary policy this week. Arguably of most interest to us will be the Bank of England's decision on whether or not to extend its programme of asset purchases in the light of recent disappointing Q3 GDP data....
German industrial new orders (September): upECB council: no policy change
German industrial new orders will probably have increased again in September, just like the ifo assessment of the business situation and order books.
The Purchasing...
Highlights
Risk rally is done Fed speculation is misguided Earnings still little to write home about US unemployment to hit 10% in October More QE from the BoE on the cards Sterling particularly vulnerable if PMI services disappoints ...
