We have a busy calendar today kicking off with China flash PMI is just under an hour. Later tonight we have PMI releases for the EZ, Germany and France. In the US we have weekly jobless claims and the house price index. Of course much of the action/headlines will be from the G20 FinMins and c/b’s gathering for IMF/World meetings. There are of course a couple of other important happenings (Milan Fashion week!) but the UBS board meeting gets my vote for top billing. Now who is going to fall on their sword. Or do they do a SocGen and blame solely the rogue trader.