Global Economic Outlook: Rates Theater and Lending Squeeze

The spectre of a rates increase keeps being dangled in front of markets. The tension has become too much for many investors and on Monday Asia began another wave of shares selling. The commodities rout extends to producers.

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Economic Indicators

World Indexes and Forex Rates





In the Calendar This Week

Mon 28 September
US FOMC Member Dudley Speaks
US Pending Home Sales m/m (actual:-1.4% expected:0.4% previous:0.5%)

Tue 29 September
US CB Consumer Confidence (expected:96.2 previous: 101.5)

Wed 30 September
New Zealand ANZ Business Confidence (previous:-29.1)
New Zealand Building Approvals m/m (expected:-1.8% previous: 4.2%)
UK Current Account (expected:-22.2bil previous: -26.5bil)
US ADP Non-Farm Employment Change (expected:192k previous: 190k)
US GDP month/month (expected:192k previous: 190k)

Thu 1 October
China Manufacturing PMI (expected:49.7 previous:49.7)
China Caixin Final Manufacturing PMI (expected:47.2 previous:47.0)

UK Manufacturing PMI (expected:51.3 previous:51.5)
US Unemployment Claims (expected:273K previous:267K)
US ISM Manufacturing PMI (expected:50.8 previous:51.5)

Fri 2 October
Australia Retail Rates (expected:0.4% previous:-0.1%)

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