- ISM manufacturing index at 3-year low
- Swiss banks put negative interest rates on deposits
- US Oct construction spending 1.4% vs 0.5% exp
- Markit US Nov final PMI 52.8 vs 52.1 exp
- IMF drops opposition to capital controls
- Fed’s Rosengren says ‘strong case’ for $85B/month in total asset buys
- Fed’s Bullard says $65B in total buys more like it
- Fed’s Dudley: QE will continue until there is a substantial improvement in jobs
- RBC Canadian manufacturing PMI 50.38 vs 51.39 prior
- Spain requests bank aid funding
- Fitch: Meaningful US deficit cut would like hurt state funding
- Italy reports narrower deficit
- 52-week highs in DAX and CAC
- France’s Hollande: European economy bigger, stronger than US, China
- Republicans put a new fiscal cliff offer on the table
- Eurogroup hear Juncker to step down late this month, early next month; Group to meet again December 13
- S&P 500 falls 0.5% to 1409
- US 10-year notes rise 1.2 bo in yield to 1.625%
EUR/USD extended its range to 1.3076 amid poor US ISM data and closes above 1.3050 resistance.
Cable managed a push above 1.6100 to trigger stops, fueled partially by the news that the Duchess of Something or other is knocked-up.
AUD/USD traded on a soft note ahead of what is expected to be a 1/4% cut in the RBA’s target rate at Tuesday’s meeting. Sell the rumor/buy the fact may be the play there…
