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FOREX News: UK Factory Orders Drop, Risk Traders Await US Stock Market

Tuesday, 23 October 2007 11:12:47 GMT  |  John Kicklighter, Currency Analyst

Fundamental Headlines

• EURUSD - French consumer spending unexpectedly grows over September with a 0.1 percent pick up for the month lifting the annual report to a seven year high 5.8 percent clip.
• EURUSD - Italian retail sales grow 0.2 percent over August, the biggest improvement in the sector’s spending habits in five months.
• EURUSD - Industrial new orders for the entire Euro Zone fall short of market forecast. A 0.3 percent increase in bookings through August reflected rising energy prices, an expensive euro and cooler US growth.
• GBPUSD - CBI’s manufacturing trends survey

• China's Economy May Expand 11.5% in 2007, NDRC Say (link) - Bloomberg
• Oil falls below 86 dollars in Asia on US economic growth worries (link) - CNNMoney
• Apple profit surges on strong Mac, iPhone sales (link) - Market Watch
• BP profits slide but beat market forecasts (link) - Financial Times
• Gold Rises After Biggest Drop in Almost 3 Weeks; Silver Gains (link) - Bloomberg
• UK factory orders fall sharply in October -CBI (link) - Reuters.uk
• New Zealand Will Leave Benchmark Rate at 8.25%, Economists Say (link) - Bloomberg

 

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