European session:
11.11.2011, 13:28

European session:

 

Data:
09:30 UK PPI (Output) (October) unadjusted 0.0%
09:30 UK PPI (Output) (October) unadjusted Y/Y 5.7%
09:30 UK PPI Output ex FDT (October)) adjusted -0.1%
09:30 UK PPI Output ex FDT (October) unadjusted Y/Y 3.4%
09:30 UK PPI (Input) (October) adjusted -0.8%
09:30 UK PPI (Input) (October) unadjusted Y/Y 14.1%
 
The euro extended its advance from a one-month low against the dollar as the Italian Senate approved a budget bill.
The euro rose as former European Central Bank Vice President Lucas Papademos prepared to be sworn in as prime minster while the Italian budget vote paved the way for a new administration that may be led by former European Union Competition Commissioner Mario Monti.
The nation’s 10-year government bond yield soared to as high as 7.48 percent on Nov. 9 and fell to 6.65 percent today. Bond investors charged the nation an interest rate of 6.087 percent yesterday to buy 5 billion euros of one-year bills, the highest in 14 years. Italy plans to sell as much as 3 billion euros of five-year bonds on Nov. 14, testing investor appetite for the nation’s debt.
 
EUR/USD: the pair grown in $1.3670 area.
 
GBP/USD: the pair was consolidating in $1.5890-$ 1,5950 area.
 
USD/JPY: the pair decreased to Y77,30.


The limited US data is released at 1455GMT, with the release of the Nov Consumer Sentiment (UM) numbers. The Michigan Sentiment Index is expected to rise to a reading of 62.0 in early-November.

 


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