European trading week starts with German Retail Sales which will be released at 6:00GMT, the German Unemployment Rate is due at 7:55GMT; EU Unemployment Rate will be released at 9:00. In Great Business the UK Business Investment (quarter over quarter) and UK GDP (q/q and y/y) will be out at 8:30GMT.
In the American forex calendar we have the MNI Chicago Business Barometer due 13:45 and the Dallas Fed Manufacturing Index at 14:30GMT.
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In Asian trading session the Japan Housing Starts (YoY) came in at -7.1%, below expectations (-6.1%) in August, Japan Industrial Production (YoY) came in at -4.7% below expectations (-1.8%) in August. Japan Retail Trade (YoY) came in at 2%, beating forecasts of 0.9% in August.
The China Caixin Manufacturing PMI came in at 51.4, above expectations of 50.2 in September; China composite PMI for September came in at 53.1, previous reading was 53.0.
Australia Private Sector Credit (MoM) came in at 0.2% below forecasts of 0.3% for August.
New Zealand ANZ Business Confidence came in at -53.5, topping expectations of -58.5 in September.
Asian indices are trading mixed today, Nikkei is 0.56% lower at 21,755, the Hang Seng is 0.52% higher at 26,092. EURUSD trades 0.08% lower at 1.0931; the USDJPY is 0.08% lower at 107.84 while the AUDUSD is 0.17% lower at 0.6749.
The central bank of China set the Yuan rate (USDCNY) at 7.0729 versus Friday’s fix at 7.0731.
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