- Adele’s Skyfall Bond theme tune leaked early
- IMF lowers global growth forecasts
- Spain Dep EconMin Latorre: Spain’s sticking to 2013 growth forecast
- More Latorre: Talking to EU institutions about a bailout
- EU official: Spain ESM bid ‘not imminent if it were to come’
- EU official: No Spanish bank recapitalisation by the ESM this year. Won’t be before start of 2013
- German govt says Merkel will fly to Athens on Tuesday to meet Greek PM Samaras
- Greek official: State asset sale timing agreed with troika
- EC’s Barroso: EU needs pro-growth agenda
- BOJ’s Shirakawa: Japan’s economy is leveling off
- German August manufacturing orders fall -1.3% m/m, worse than Reuters’ median forecast of -0.5%. July’s number revised down compounding the bad news, to +0.3% from previous +0.5%
- Spain August calender-adjusted industrial output -3.2% y/y, better than Reuters’ median forecast of -5.5%
- Swiss National Banks’ September forex reserves 429.3 bln, up from 420.8 bln in August
- China dodges a bullet? - Seeking Alpha
Should have gone fishin……
European stocks are up. Italy’s FTSE MIB has been the best performing, up +0.9%. Euro zone periphery govt bond yields are lower, with Portugal leading the way.
Forex markets have been very quiet ahead of the US jobs report.
EUR/USD sits at 1.3008, down precisely 5 pips from the 1.3013 which greeted me first thing. We’ve dipped as low as 1.2994, but noted buying by a US custodial has helped negate any accelerated sell-off. Obviously the stock market/bond gains have helped underpin the single currency.
USD/JPY up 10 pips at 78.45.
Cable down 5 pips at 1.6185. A 5 pip net change in cable on a Friday is testament to how quiet its been.