- With the US off learning how to spell the word "labour" correctly, markets are likely to be quieter. The hiatus in the Syrian situation has allowed oil and gold prices to move lower again, with the next focus the US Congressional vote on action.
- The official Chinese PMI of business sentiment gained to a 51.0 reading, indicating (with all the normal caveats about both Chinese and sentiment data quality) improved expansion. Australian sentiment indicated less weakness, and Korean exports showed greater strength than anticipated.
- Euro area and UK manufacturing sentiment data lie ahead today. The market expects the bottoming out of the Euro area economy to produce gradual improvements in the Euro area data, and the UK is expected to show continued relative strength.
- UK manufacturing companies are intending to increase investment significantly in the coming months, according to a new survey. Improved credit conditions (with data on that available today) and a long lag to the effects of sterling weakening may continue to support this trend.
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