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- Analysis: UK Public Borrowing Hits New Record High In Sep
- BOE-MPC minutes: Most MPC ready to alter policy in either direction, big risks to CPI in both directions
- UK DATA: Sep PSNB Stg15.607bn vs Stg14.806bn in Sep..
- BOE-MPC split in 3 in Oct
- IMF: Europe’s Mon Policy Should Remain Supportive, Flexible
- ITALY DATA: Aug industrial orders rose a seasonally..
- ACB also notable buyer EUR/USD in recent trade
- Irish FinMin Lenihan says expects growth in 2011 to be lower than previously forecast
- King says some UK inflation gauges are “extremely subdued”
- European stocks lower early
- ECB’s Constancio: New Data Will Be Needed for Macro Analysis
- China Jan-Sept industrial output up 16.3% from year earlier – Industry Ministry website
- Japan Average Regular Gasoline Price Posts 1st Rise In 21 Wks
- ECB’s Stark: ECB could hike interest rates before scrapping all non-standard liquidity measures – Newspaper
- GERMANY DATA: Producer prices in Germany rose by a…
- Cable very marginally firmer in Asian trade
- Japan Aug Coincident Index Revised Down; 17th M/M Rise In Row
- Danny Alexander reveals 500,000 job cuts in document gaff
- EUR/USD trying to regain its poise after yesterdays’ slump
- Reversal continues heading into Europe
| Analysis: UK Public Borrowing Hits New Record High In Sep Posted: --Sep PSNB Stg15.607bn vs Stg14.806bn in Sep 09; median Stg14.0bn --Sep PSNB ex financial interventions Stg16.166bn; median Stg15.9bn --Sep PSNCR Stg20.736bn vs Stg19.18bn in Sep 09; median Stg5.8bn LONDON (MNI) - Public Sector Net Borrowing hit its highest level on record in September as spending ...    |
| Posted: Some MPC felt chances of more stimulus being needed had increased in recent months Upside risks to CPI expectations broadly same, but commodity prices, weaker sterling potential risks Mixed views on prospects for demand, Nov inflation report will help analysis of outlook Posen felt more QE would lower risk of CPI falling below ...  |
| UK DATA: Sep PSNB Stg15.607bn vs Stg14.806bn in Sep.. Posted: UK DATA: Sep PSNB Stg15.607bn vs Stg14.806bn in Sep 09; median Stg14.0bn --Sep PSNB ex financial interventions Stg16.166bn; median Stg15.9bn --Sep PSNCR Stg20.736bn vs Stg19.18bn in Sep 09; median Stg5.8bn ------------------------------------------------------------------------ Public Sector Net Borrowing ex financial sector interventions hit the highest level on record for a September, rising to Stg16.2bn ...  |
| Posted: 7 wanted no change. Posen wanted 50 bln more QE. Sentance wanted rate hike. UK September PSNCR 20.736 bln, worse than median forecast of 15.65 bln. Highest for September since records began in 1984. PSNB 15.607 bln, worse than median forecast 14.2 bln. Highest for September since records began in 1993. Sterling lower, cable ...  |
| IMF: Europe’s Mon Policy Should Remain Supportive, Flexible Posted: BRUSSELS (MNI) - In light of the significant risks facing Europe's economic recovery, monetary policy should remain supportive and flexible and the European Central Bank should redeploy extraordinary measures if needed, the International Monetary Fund said in a report published on Wednesday. ...  |
| ITALY DATA: Aug industrial orders rose a seasonally.. Posted: ITALY DATA: Aug industrial orders rose a seasonally adjusted 7.3% m/m, led by a rise in orders from abroad, following m/m declines of 2.6% in both July and June. --On the year, unadjusted industrial orders rose 32.4%, posting the best annual gain since the series start in ...  |
| ACB also notable buyer EUR/USD in recent trade Posted: Reports Korea has been notable buyer of EUR/USD in recent trade. We're at 1.3816. Stops said to be lining up through 1.3830. UPDATE: Korea also seen buying AUD/USD which is up at .9785. And I'd hazard a guess, but don't have confirmation, that they're in cable as well. It's a reserve ...  |
| Irish FinMin Lenihan says expects growth in 2011 to be lower than previously forecast Posted: Sees signs of stabilisation in labour market Irish/German 10-year government bond yield spread widens to 400 bps vs 393 bps Tuesday. Meanwhile EUR/USD up through 1.38, presently at 1.3808. Reports a UK clearer has been notable buyer in push through 1.3800. I've hunted high and low to find out where the buy stops ...  |
| King says some UK inflation gauges are “extremely subdued” Posted: Bloomberg.  |
| Posted: DAX off 0.3%; FTSE off 0.3%; CAC 40 off 0.5%  |
| ECB’s Constancio: New Data Will Be Needed for Macro Analysis Posted: FRANKFURT (MNI) - Central banks and official statistical organisations have already begun collecting a significant amount of information for the European Systemic Risk Board (ESRB) to conduct an effective macro-prudential analysis, but new data will be needed, European Central Bank Vice-President Vitor Constancio said on ...  |
| China Jan-Sept industrial output up 16.3% from year earlier – Industry Ministry website Posted: Full-year Industrial output expected to be up more than 13%  |
| Japan Average Regular Gasoline Price Posts 1st Rise In 21 Wks Posted: TOKYO (MNI) - The average price of regular gasoline in Japan this week rose to Y132.2 ($1.63) per liter, or $6.19 per gallon, from Y132.1 last week, marking the first rise in 21 weeks, according to data released by the Oil Information Center on Wednesday. ...  |
| Posted: Headline on Reuters. Just the mention of rate hike gives euro little lift, EUR/USD presently at 1.3787. Are the ECB close to hiking rates? I think not. ECB must speak with one voice, not publically debate decisions taken jointly  |
| GERMANY DATA: Producer prices in Germany rose by a… Posted: GERMANY DATA: Producer prices in Germany rose by a generally-stronger-than-expected 0.3% on the month in September, resulting in an annual print of +3.9%, the Federal Statistical Office reported on Wednesday. -- Germany September PPI ex-energy +0.3% m/m, +2.8% y/y; August +2.5% y/y -- Germany September PPI ex-petroleum products +0.2% m/m, +3.4% ...  |
| Cable very marginally firmer in Asian trade Posted: Cable sits at 1.5720, very marginally firmer from North American close Tuesday down around 1.5705. Probably the calm before the storm. Plenty for sterling traders to get their teeth into today: 08:30 GMT: Bank of England minutes 08:30 GMT: PSNB for September expected 14.5 bln; PSNCR expected 15.3 bln 08:30 GMT: M4 money supply ...  |
| Japan Aug Coincident Index Revised Down; 17th M/M Rise In Row Posted: -- Japan Aug Coincident Composite Index Revised +0.3 Pt Vs +0.5 Pt -- Japan Aug Leading CI Revised Up To -0.5 Pt From -0.9 Pt -- Japan Leading Composite Index Marks 2nd M/M Drop In Row TOKYO (MNI) - Japan's coincident composite index (CI), which ...  |
| Danny Alexander reveals 500,000 job cuts in document gaff Posted: Half a million public sector workers are to lose their jobs as a result of the comprehensive review of UK government spending, official documents have disclosed.  |
| EUR/USD trying to regain its poise after yesterdays’ slump Posted: EUR/USD up at 1.3770 from a North American close Tuesday down around 1.3730. The pairing has seen a half-decent recovery from the 1.3699 session low posted in Asia. Not much in the way of euro zone data releases today: 06:00 GMT: German producer prices for September expected +0.2% m/m, +3.8% y/y 08:00 GMT: Italian ...  |
| Reversal continues heading into Europe Posted: Technical resistance levels at 1.3775 in the EUR/USD and .9750 in the AUD/USD have been reached and breached in what can only be described as a typical Asian trading session. Consolidate and reverse any moves which happen overnight, regardless of the direction. It looks like lots of intraday shorts are ...  |
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