Japan is closed for a holiday, and some markets in the US are closed for the Columbus Day holiday.
And the Asian timezone is taking advantage by not moving too much at all.
I’m already at work preparing the wrap for the day.
Here’s what I’ve done so far … (sneak preview! ;-)) (I haven’t written the market narrative yet) – what important news have I missed?
- Washington debt fight: US debt talks take a new twist and the uncertainty increases
Weekend:
- China trade balance for September – big fall in exports surprises
- Japan looks to allow private sector to manage part of its $1.27-trillion pool of foreign exchange reserves
- Swiss National Bank’s Jordan: Says the Swiss franc remains high, and the franc cap is a crucial tool in monetary policy
- ECB’s Draghi says risks to recovery mostly on the downside
- Merkel’s crucial week of talks on forming new German government within 2 months
Monday:
- China September CPI: 3.1% y/y (vs. expected +2.8%)
- China September PPI: -1.3% y/y (vs. expected -1.4%)
- China’s September power consumption up 10.4 pct year on year
- Australia August home loans: -3.9% m/m (vs. expected is -2.5%)
- New Zealand – Performance of Services Index for September: 55.6 (vs. prior was 53.3)
- New Zealand: September Residential house prices +2.6% m/m ( +9.8% y/y)
- Singapore Q3 GDP +5.1% y/y (vs, +3.8% expected)
- Singapore central bank says present width of band sufficient & maintains policy of modest and gradual appreciation of Singapore dollar with no change to slope, centre
- 8 out of 10 British manufacturers would choose to stay in the EU if a referendum on membership were held today
- Monday in the US is Columbus Day, which markets are open
