Things To Look Out For Today - Events & Data (Ldn Times)

Asia
20:00pm    - NZ Reinz House Sales (-15.8%) Prior -26.2%
23:00pm    - SK Unemployment Rate
23:30pm    - AUD Westpac Consumer Conf.
23:50pm    - JN GDP
00:30am    - AUD Wage Price Index
04:30am    - JN Industrial Production
04:30am    - JN Capacity Utilization


Europe:
07:00am    - ECB's Philip Lane Speaks in Dublin
07:45am    - FRA CPI
08:00am    - ECB's Hansson Participates in Panel Discussion in London
09:30am    - UK Claimant Count Rate
09:30am    - UK Jobless Claims Change
09:30am    - UK ILO Unemployment Rate
13:00pm    - BOE's Broadbent speaks at LSE
10:00am    - EU Trade Balance


US
12:00pm    - US MBA Mortage Applications
13:30pm    - US CPI
13:30pm    - US Empire Manufacturing
13:30pm    - US Retail Sales
15:00pm    - US Business Inventories
21:10pm    - Fed's Rosengren Speaks on U.S. Economy in Boston
23:45pm    - Bank of Canada's Wilkins Gives Speech in New York


Market focus this Morning...
- BoJ Governor Kuroda reiterated the Bank’s commitment to ultra lose monetary policy as e highlighted that inflation expectations in Japan are slightly picking up.
- Fed's Kaplan (voter) stated that the Fed are actively discussing lifting rates next month. (Newswires)
- Fed's Evans (voter) suggested that the Fed needs to prepare public for unconventional policies. (Newswires)
- Fed's Bostic (non-voter) said that he continues to back a December hike; he would pause rate hikes if he sees continued weakening in US inflation. He also noted that it is appropriate to raise rates gradually over the next couple of years. (Newswires)
- Fed’s Bullard (non-voter) reiterated his dovish credentials, stating that current level of interest rate is appropriate, and that a hike could jeopardise the progress on inflation.
-Reports suggested that Allianz’ Mohamed El-Erian is in contention for the Fed Vice Chair job. (Newswires)
-US Treasury Secretary Mnuchin said that he wants to ensure the 20% corporate tax rate is not going to be phased out and is permanent.
-US Senator Hatch said that ACA repeal is not part of the revised Tax Bill, says talk of Obamacare mandate repeal is a distraction.
-US House Majority Leader McCarthy stated that the House will have tax bill on floor this Thursday and says it will pass. (Newswires)
-The Treasury curve was once again mixed today; yields on 2-year notes again touched the highest in nine years, though yields were lower along the rest of the curve, leaving the curve to flatten once again (much attention was on 5s30s, which narrowed to just below 77bps, while 2s10s also narrowed to 69bps). -Fed's Bostic mentioned the shape of the yield curve in his speech today, and said an inverted yield curve wouldn't necessary signal a recession ahead; it may be in part due to safe haven buying. He added that a flattening yield curve might be a sign of confidence in US economy.
-ECB's Coeure said that the present inflation outlook requires financing conditions to remain accommodative for a considerable period of time (Newswires)
-BoE Deputy Governor Cunliffe says that the Bank can afford to wait until there is 'clear evidence' that wage growth is picking up before hiking rates. He also highlighted that domestic inflation pressures are low, and that the depreciation of sterling has not caused any second-round effects (Newswires)
-UK PM May's govt defeated opposition amendment on Brexit Bill in the first vote; vote split was 318-52. (Newswires)
-Russian PM Medvedev said that Russia-US relations are at the lowest point in decades. (Newswires