The Traderszone Network

UK Nationwide Sept house price report 30 Sept
– yy NSA +5.3% vd 5.0% exp vs 5.6% prev
One of three UK HPI reports out during the course of a month.
Recent softer tones confirmed.

Bank of Italy governor Visco speaks to Foglio. Bloomberg reporting 30 Sept
– QE makes reforms easier not harder
– may need to temporarily overshoot inflation target
Another one fantasising on inflation. Yes it can go up but to even talk about overshooting at this stage is somewhat pointless imho

Latest Reuters poll of 57 economists 30 Sept
– all 57 see RBA on hold at 4 Oct meeting
– majority see rate cut by mid-2017
– 11 see a rate cut in Nov
– 11 see rates bottoming at 1%
Make of that what you will.

While market participants welcome the tentative deal, many are also wary of it.

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Bank of Japan’s own CPI calculation 30 Sept
– +0.5% prev
Still not heading anywhere toward the 2% target
Also out from the govt stats office:
–  Japan housing starts for August +2.5% yy vs +8.9% prev
USDJPY 101.21

Bank of Japan governor Kuroda speaking in parliament 30 Sept
– JGB buying may fluctuate to achieve yield curve control
I’m so glad I get up early to capture these daily doses of claptrap.

Our live blog is tracking reaction after concerns over Deutsche Bank sent its U.S.-listed shares to an all-time low.