HEADLINES…
– Markets: Bourses rally in Europe, even more so in the US, perhaps on hopes of clear-cut US election result (and an Obama victory judging by the rise in gold). Dollar weakens. Early results seem to favour President Obama, with Intrade pricing for an Obama victory rising to 93% by 10.30pm EST.
– US: JOLTs job openings fall 100k to 3561k in Sept, but Aug revised up 100k.
– US: ICSC-GS chain stores sales fall 0.2% last wk.
– US: ISM New York slumps 7pts to 45.9 in Oct.
– EUR: Final PMI Services at 46 in Oct, down 0.2pt from flash estimate and 0.1pt from Sept.
– UK: Halifax house price index falls 0.7%mom in October, below mkt.
– UK: IP down 1.7%mom/2.6%yoy in Sep, below mkt.
– DEU: Final PMI Services at 48.4 in Oct, down 0.9pt from flash estimate and 1.3pts from Sept.
Click here to read the full report: Daily Forex 11.07.12
Deutsche Bank