Fundamental Headlines
• USDJPY - Corportate service prices rise 1.4 percent in the year through September, the 10th consecutive month of positive price pressure, on higher marine transportation and advertising costs. • EURUSD - German import price pressure rebounds with a monthly 0.6 percent pickup and 1.3 percent annual pace for September - the latlter marking a rebound from three-year lows. However, most of the bounce was isolated in energy. • EURUSD - The French Business Confidence Indicator slips to to 108 as expected, even as the production outlook improved for the month of October. • EURUSD - German business leaders are the least confident since March of 2006. The IFO sentiment report notched down to 103.8 for its October reading as record crude costs and all-time high euro threatens the bottom line.
• Alberta premier mum on oil royalty details (link) - Reuters.canada • Japanese Stocks Drop on Report Merrill Will Increase Writedowns (link) - Bloomberg • China's Economy Expands 11.5%, Adding Yuan Pressure (link) - Bloomberg • China beats Germany to take world trade crown (link) - Telegraph • Foreign Inflows May Slow as India Tackles `Bubble' (link) - Bloomberg • ICBC to Pay $5.5 Billion for Standard Stake, FT Says (link) - Bloomberg • Bank of England warns of risks to property and stock markets (link) - Independent • U.S. Interest-Rate Swap Rate Below Europe's, First Since 2004 (link) - Bloomberg