Asian session: The euro fell

02:30 China HSBC Manufacturing PMI (preliminary) September 47.6 47.8

04:30 Japan All Industry Activity Index, m/m July +0.2% -0.5% -0.6%

05:00 Japan BoJ monthly economic report September

05:00 Japan BOJ Governor Shirakawa Speaks

The euro fell against the dollar and yen before data today forecast to show European services and manufacturing contracted, adding to evidence that the region’s debt crisis is sapping growth. A euro-zone composite index for services and manufacturing industries was probably at 46.6 in September, from 46.3 the prior month, according to the median estimate of economists surveyed by Bloomberg News before London-based Markit Economics releases the figure today. Readings below 50 signal contraction.

Spain, the fourth-largest economy in the currency bloc, will auction 3- and 10-year notes today. The nation’s benchmark 10-year yield has fallen to 5.7 percent from the euro-era record of 7.75 percent on July 25 since the European Central Bank unveiled an unlimited bond-purchase program on Sept. 6 aimed at lowering government borrowing costs.

Japan’s currency gained versus all of its 16 major peers amid speculation unexpected expansion of monetary stimulus by the Bank of Japan will do little to spur economic growth as a territorial dispute with China and weak global demand cloud the outlook for shipments.

Australia’s dollar sank after a private survey showed China’s manufacturing may shrink for an 11th month, dimming prospects for the South Pacific nation’s exports. In China, a preliminary reading today showed a gauge by Markit and HSBC Holdings Plc for manufacturing was 47.8 this month from 47.6 in August. China is Australia’s largest trading partner and New Zealand’s second-biggest export destination.