Economic Data
- (AU) Australia Oct RBA Commodity Price Index Au: 87.3 v 90.1 prior; RBA Commodity Index SDR Y/Y: -16.0% v -14.9% prior
- (UK) UK Nationwide House Prices M/M: 0.6% v 0.1%e; Y/Y: -1.2%e
- (IE) Ireland Oct NCB Manufacturing PMI: 52.1v 51.8 prior
- (SE) Sweden Oct Swedbank PMI Survey: 43.1 v 45.0e
- (TR) Turkey Oct Manufacturing PMI: 52.5 v 52.2 prior
- (DK) Denmark Sept Unemployment Rate: 4.8% v 4.8%e; Unemployment Rate Gross Rate: 6.3% v 6.2%e
- (NO) Norway Oct PMI: 48.7v 49.5e
- (ZA) South Africa Q3 Unemployment 25.5% v 25.0%e
- (CH) Swiss Sept Real Retail Sales Y/Y: 5.4% v 6.0% prior
- (HK) Hong Kong Sept Retail Sales Value Y/Y: 4.3% v 7.6%e; Retail Sales Volume Y/Y: % v 5.8%e
- (CH) Swiss Oct PMI Manufacturing: 46.1 v 44.7e
- (GR) Greece Oct Manufacturing PMI: 41.0 v 42.2 prior
- (ZA) South Africa Oct Kagiso PMI: 47.1 v 46.5e
- (UK) Oct PMI Manufacturing: 47.5 v 48.0e
None
SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM
Notes/Observations
- Further improvement in mainland manufacturing PMIs going into next week's National Party Congress
- China PBoC injected CNY379B into the money markets this week (fresh record high) through regular open market operations
- U.S. IEA: saw no urgent need for oil stocks release following Hurricane Sandy
- DJIA suffered its first October decline since 2008 finishing the month down 2.5%
- FTSE 100 +0.20% at 5,793, DAX flat at 7,261, CAC-40 flat at 3,428, IBEX-35 -0.60% at 7,794, FTSE MIB -0.25% at 15,495, SMI -0.10% at 6,591, S&P 500 Futures -0.30% at 1,402
European equity indices have remained mixed, as the Spanish IBEX-35 and Italian FTSE MIB have underperformed. Spanish and French banks have lagged other financials. Resources firmed are mixed despite, the gains being seen in commodity prices. In terms of European earnings, corporate reports were dominated by large UK companies. British Sky [BSY.UK] has risen by over 3%, as the company reported a y/y increase in its average revenue per user (ARPU) and decline in its churn rate. Royal Dutch Shell [RDSA.UK] is slightly higher on better than expected quarterly profits. Shares of Lloyds [LLOY.UK] are higher by more than 3%, as the firm reported a y/y rise in its core underlying profits.