28 Oct 2013
European open: quiet data before ramping up through the week
FXstreet.com (London) - We have a relatively quiet day ahead, data-wise, before a busy week.
The UK CBI reported sales report is due, expected to see a small decline on last month to 32.
US industrial production is expected to see a 0.4 percent month-on-month rise, while US pending home sales are expected to print flat month-on-month.
The yen slid overnight as a Bank of Japan Deputy Governor Kikuo Iwata reaffirmed the Bank of Japan’s commitment to aggressive monetary easing.
It is expected that the BoJ will use its meeting on 31 October to announce a “QE-infinity”-type plan continue buying around JPY7 trillion in bonds each month to fight deflation.
Equity markets are likely to continue strongly today following on from their record highs last week. The S&P closed at 1,759.82. The Nikkei rallied 2.19 percent on strong results to 14,396.04.
Shanghai was an exception to Asia-Pac strength, losing 0.11 percent thanks to ongoing PBOC concerns and liquidity squeezes.
The UK CBI reported sales report is due, expected to see a small decline on last month to 32.
US industrial production is expected to see a 0.4 percent month-on-month rise, while US pending home sales are expected to print flat month-on-month.
The yen slid overnight as a Bank of Japan Deputy Governor Kikuo Iwata reaffirmed the Bank of Japan’s commitment to aggressive monetary easing.
It is expected that the BoJ will use its meeting on 31 October to announce a “QE-infinity”-type plan continue buying around JPY7 trillion in bonds each month to fight deflation.
Equity markets are likely to continue strongly today following on from their record highs last week. The S&P closed at 1,759.82. The Nikkei rallied 2.19 percent on strong results to 14,396.04.
Shanghai was an exception to Asia-Pac strength, losing 0.11 percent thanks to ongoing PBOC concerns and liquidity squeezes.