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UK August industrial output +0.3% m/m, + 4.2% y/y
UK Analysis: Aug Manufacturing Growth Highest Since Dec 1994
UK DATA: Aug manufacturing output +0.3% m/m; +6%…..
Japan FinMin Noda: No change in Japan stance to take decisive steps as needed on forex – Kyodo
Spanish Labour Minister: Spain can’t create jobs until economy grows at least 1.5%
Germany’s Econ Min:Crisis Over;Strong Wage Hikes Possible Now
Battle well and truly joined
Greek PM says will meet deficit target this year despite Eurostat revision
Japan vice finmin Sakurai: BOJ monetary policy alone cannot resolve yen rise
Halifax: UK Sep House Prices Show Largest M/M Fall in Series
UK Halifax house price index -3.6% m/m!!
UK DATA: UK Halifax House Prices index -3.6% m/m, in.
FRANCE DATA: August sa merchandise trade deficit bln.
French August trade balance -4.93 bln
China selling EUR/USD
EUR/USD little firmer in early European trade
Bank of Korea may have bought around $500 mln to curb won’s gains – Dow Jones
Cable steady ahead of BOE rate decision
Japan PM Kan says wants to cooperate with G7 on forex appropriately
Japan Aug Coincident Comp Index +0.5 Pt M/M, 17th Rise In Row

UK August industrial output +0.3% m/m, + 4.2% y/y

Posted:

Better than median forecasts +0.2%, +4.1% respectively. Biggest y/y rise since December 1994. Manufacturing output +0.3 m/m, +6.0% y/y, better than median forecasts of +0.2%, +5.8% respectively. Also biggest y/y rise since December 1994. EUR/GBP down at .8775 from session high .8805. Sources report Russia notable seller of cross in latest leg lower.

UK Analysis: Aug Manufacturing Growth Highest Since Dec 1994

Posted:

--Aug manufacturing output +0.3% m/m; +6% y/y; median +0.2;+5.8 --Aug industrial production +0.3% m/m; +4.2% y/y; median +0.3; +4.2 LONDON (MNI) - Manufacturing output rose for the fourth consecutive month in August, leaving annual growth at its highest level for nearly 16 years, figures released by National ...

UK DATA: Aug manufacturing output +0.3% m/m; +6%…..

Posted:

UK DATA: Aug manufacturing output +0.3% m/m; +6% y/y; median +0.2;+5.8 --Aug industrial production +0.3% m/m; +4.2% y/y; median +0.3; +4.2 ------------------------------------------------------------------------ Manufacturing output rose 0.3% m/m in August and was up 6% y/y, a little higher than the median forecast for a rise of 0.2% m/m and 5.8% y/y. There was also ...

Japan FinMin Noda: No change in Japan stance to take decisive steps as needed on forex – Kyodo

Posted:

Spanish Labour Minister: Spain can’t create jobs until economy grows at least 1.5%

Posted:

Germany’s Econ Min:Crisis Over;Strong Wage Hikes Possible Now

Posted:

BERLIN (MNI) - German Economics Minister Rainer Bruederle suggested in a newspaper interview published Thursday that strong wage hikes are possible now that the crisis is over. "When the economy booms, strong wage hikes are possible," the minister told the ...

Battle well and truly joined

Posted:

EUR/USD sits at 1.3985 having been as high as 1.3994 so far, the battle of the 1.4000 barriers well and truly joined. Reports of very heavy sell interest just below 1.4000 on EBS. No surprise there. Most probably only postponing the inevitable though. UPDATE: Talk the offers for 700 mln plus.

Greek PM says will meet deficit target this year despite Eurostat revision

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Japan vice finmin Sakurai: BOJ monetary policy alone cannot resolve yen rise

Posted:

Govt must take steps to counter yen rise Market sets fx levels Hard to guide G7 discussion on currencies in way Japan wants Current fx situation stems from countries' efforts to restore their economies USD/JPY down at 82.60 from early 82.95 as BOJ stays away. Recently there has been talk of 82.50 barrier option ...

Halifax: UK Sep House Prices Show Largest M/M Fall in Series

Posted:

LONDON (MNI) - UK house prices showed their largest monthly fall in at least 27 years in September, according to the Halifax house price survey. Halifax said that prices had fallen by 3.6% on the month, leaving the annual increase ...

UK Halifax house price index -3.6% m/m!!

Posted:

Is that right? I guess it must be. Hugely weaker than median forecast of -0.2%. I've been expecting UK house prices to come lower, but I'm somewhat shocked by the extent of the decline. Rise of +2.6% in 3 months to September vs year ago, much lower than median forecast of ...

UK DATA: UK Halifax House Prices index -3.6% m/m, in.

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UK DATA: UK Halifax House Prices index -3.6% m/m, 2.6% 3-month/year in Sept.

FRANCE DATA: August sa merchandise trade deficit bln.

Posted:

FRANCE DATA: August sa merchandise trade deficit E4.932 bln after -E4.423 bln in July (revised from -E4.180 bln) -- Trade balance below MNI median analysts survey forecast of -E4.0 bln -- Jan-Aug trade balance -E33.669 bln vs Jan-Aug 2009 -E27.68 bln -- For more information, please see Mainwire

French August trade balance -4.93 bln

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Worse than median forecast of -4.0 bln. Not that anyone will be paying much attention to it.

China selling EUR/USD

Posted:

We're presently at 1.3965. Nothing like swimming against the tide. Possibly early protection of 1.4000 barrier option interest?

EUR/USD little firmer in early European trade

Posted:

EUR/USD has edged upto 1.3932 from around 1.3915 when I arrived. We're back to where we closed in North America as EUR/USD consolidates recent gains. Euro zone data/events: 06:45 GMT: French trade balance for August expected -4.0 bln 10:00 GMT: German industrial production for August expected +0.5% m/m, +9.8% y/y 11:45 GMT: ECB rate ...

Bank of Korea may have bought around $500 mln to curb won’s gains – Dow Jones

Posted:

Likely bought dollars at levels below 1,115.

Cable steady ahead of BOE rate decision

Posted:

Cable sits at 1.5877, EUR/GBP at .8772, pretty much where they closed out Wednesday in North America. Market will now huncker down to await the Bank of England rate decision. Generally expected the Old Lady will maintain the status quo; rates at 0.5%, QE at 200 bln. Quite impressed sterling has pretty ...