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

Asia
21:30pm    - NZ Manf PMI 57.2 (57.5)
00:30am    - AU New Motor Vehicle Sales
04:00am    - MA GDP
07:30am    - TH Foreign Reserves


Europe:
08:30am    - EU ECB's Draghi Speaks
09:00am    - EU  ECB Current Account
09:00am    - Ita Current Account
10:00am    - EU  Construction Output
11:00am    - Por PPI
13:00pm    - Ger Buba's Weidmann Speaks


US
13:30pm    - US Housing Starts
13:30pm    - US Building Permits
15:00pm    - US MBA Mrtg. Foreclosures
16:00pm    - US KC Fed Manf Activity


Market focus this Morning...
-Dow surges 187 points as Wal-Mart jumps; Cisco leads Nasdaq to record close Wal-Mart reported better-than-expected quarterly results, boosted by a surge in grocery and online sales. Cisco also reported earnings and revenue that beat Wall Street expectations, lifted in part by strong sales of software applications.
-U.S. government debt yieldsrose Thursday after jobless claims unexpectedly rose and U.S. industrial production beat Wall Street expectations.
-House Republicans passed their version of legislation to overhaul the U.S. tax code by slashing the corporate tax rate, lowering tax burdens for most individuals and adding an estimated $1.4 trillion to the federal deficit over the next decade.
-Norway's $1 Trillion Fund Wants Out of Oil and Gas Stocks. Fund wants to protect Norway’s economy from oil price risk. Government says will conclude assessment in ‘fall of 2018’
-Federal Reserve officials are pushing for a potentially radical revamp of the playbook for guiding U.S. monetary policy, hoping to seize a moment of economic calm and leadership change to prepare for the next storm.
-ECB’s Smets said low inflation is not worrying, adding that a little patience is needed.
-BoE Governor Mark Carney said if the economy evolves broadly in line with their projections, they will probably raise interest rates a couple of times over the next few years.
-ECB’s Nowotny says he expects the Euro Zone recovery to go on for another two years. He later suggested that the corporate bond share of total QE could increase from January.
-Dallas Fed President Kaplan said he is open minded on upcoming meetings on possible rate increases and is actively considering rate hikes ahead.
-Cleveland Fed President Mester said inflation is starting to pick up with the recovery well established.
-Choe Ryong Hae, one of the most senior officials in the Workers’ Party of Korea, is likely to attend a party leaders’ meeting in Beijing Nov. 30-Dec. 3, Yonhap News reported, citing an unnamed source in the Chinese capital.