Fundamental Headlines
• USDJPY - Headline consumer price gauge for all of Japan unexpectedly holds a 0.2 percent pace of deflation in October. An eighth consecutive month of weaker prices comes thanks to a sharp drop in food prices. • USDJPY - The preliminary industrial production gauge for September cools at a quicker than expected 1.4 percent. The pull back from a record high in factory activity comes due to a drop in auto and general machinery production. • AUDUSD - Conference Board composite leading indicators index unexpectedly jumps 0.7 percent for August, the fastest climb in six months, owing to improvements in the money supply, domestic stocks and building approvals. • EURUSD - German GfK Consumer Confidence survey unexpectedly slips to a seven-month low 4.9 as rising food and energy costs test waning confidence in the economy.
• Australian Dollar Rises Above 91 U.S. Cents, Highest Since 1984 (link) - Bloomberg • Hong Kong's Hang Seng Index Closes Above 30,000 for First Time (link) - Bloomberg • Oil tops $92 on inventory concerns (link) - Financial Times • JC Flowers lines up team for UK's Northern Rock (link) - Reuters.uk • Deutsche Bank's Ackermann Is `Upbeat' for Banks From Next Year (link) - Bloomberg • Deutsche Bank Considers Participating in $80 Billion SIV Fund (link) - Bloomberg • 3m extra homes 'still not enough' (link) - BBC • AIG may take $9.8 bln subprime hit, analyst says (link) - MarketWatch