10-1 Economic Calendar
AIG Performance of Manufacturing
THe AIG Performance of Manufacturing Index fell 4.4 points the prior month (51.7) to a contracted indicator for the first time this year at 47.3 in September. The Australian Industry Group that releases the index, indicated that contraction this month ‘comes after a six month period of falling growth rates and a steady build up of inventories.’ They also cited the strength of the AUD and risking mineral prices as a hindrance as well.
Japan Employment Report & CPI
The employment report for August was released as expected:
- Job-to-Applicant Ratio – Survey:0.54 Actual:0.54 Prior:0.53
- Jobless Rate - Survey:5.1% Actual:5.1% Prior:5.2%
Japan core CPI posted its 18th consecutive year over year drop, although surprising no one and the market remains unchanged.
- Tokyo CPI - Survey:-0.9% Actual:-0.6% Prior:-1.0%
- Tokyo CPI ex Food/Energy - Survey:-1.4% Actual:-1.3% Prior:-1.4%
- National CPI - Survey:-0.9% Actual:-0.9% Prior:-0.9%
- National CPI ex Food/Energy - Survey:-1.5% Actual:-1.5% Prior:-1.5%
Ben Bernanke on the Wires
says:
- an “air of caution” inhibiting us growth
- U.S. economy “moving in the right direction”
- Labor market has been recovering too slowly
- U.S. likely to recover money provided in bank rescues
Chicago PMI Strong
Chicago purchasing manager data comes out much stronger at 60.4 vs. a projected 55.5 and a prior 56.7.
Forex Morning Report- Sept 30
Forex Morning Report- Sept 30
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