Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:30 Australia NAB Quarterly Business Confidence Quarter III 6 6
01:35 Japan Manufacturing PMI (Preliminary) October 51.7 52.1 52.8
01:45 China HSBC Manufacturing PMI (Preliminary) October 50.2 50.2 50.4
06:58 France Manufacturing PMI (Preliminary) October 48.8 48.6 47.3
06:58 France Services PMI (Preliminary) October 48.4 48.2 48.1
07:28 Germany Manufacturing PMI (Preliminary) October 49.9 49.6 51.8
07:28 Germany Services PMI (Preliminary) October 55.7 55.0 54.8
07:58 Eurozone Services PMI (Preliminary) October 52.4 52.0 52.4
07:58 Eurozone Manufacturing PMI (Preliminary) October 50.3 50.0 50.7
08:30 United Kingdom Retail Sales (MoM) September +0.4% -0.1% -0.3%
08:30 United Kingdom Retail Sales (YoY) September +3.9% +2.8% +2.7%
08:30 United Kingdom BBA Mortgage Approvals September 41.6 41.5 39.3
09:00 Eurozone EU Economic Summit
The U.S. dollar traded mixed against the most major currencies. The greenback remained supported by yesterday's better-than-expected U.S. consumer price inflation. The U.S. consumer price inflation rose 0.1% in September, exceeding expectations for a flat reading, after a 0.2% decrease in August.
The New Zealand dollar dropped against the U.S. dollar after the consumer price inflation from New Zealand. New Zealand's consumer price inflation climbed 0.3% in the third quarter, missing expectations for a 0.5% rise, after a 0.3% gain in the second quarter.
On a yearly basis, the consumer price index in New Zealand rose 1.0% in the third quarter, after a 1.6% increase in the second quarter.
That could mean that the Reserve Bank of New Zealand may delay its interest rate hike.
The Australian dollar traded slightly lower against the U.S. dollar despite the better-than-expected preliminary Chinese HSBC manufacturing purchasing managers' index. China's HSBC manufacturing purchasing managers' index rose to 50.4 in October from 50.2 in September. Analysts had expected the index to remain unchanged at 50.2.
The National Bank of Australia's business confidence index remained unchanged at 6 points in the third quarter.
The Japanese yen traded mixed against the U.S. dollar. Japan's preliminary manufacturing purchasing managers' index increased to 52.8 in October from 51.7 in September, exceeding expectations for a rise to 52.1.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair increased to $1.6056
USD/JPY: the currency pair traded mixed
NZD/USD: the currency pair fell to $0.7830
The most important news that are expected (GMT0):
10:00 United Kingdom CBI industrial order books balance October -4 -3
12:30 U.S. Initial Jobless Claims October 264 269
13:45 U.S. Manufacturing PMI (Preliminary) October 57.5 57.2
14:00 Eurozone Consumer Confidence October -11 -12
21:45 New Zealand Trade Balance, mln September -472 -620