What happened this past week?

Positives:

  • US Election noise is over
  • China’s economic data all rise a bit more than expected (retail sales, PMI services, CPI @ 1.7%)
  • Oz, Indonesia, S. Korea, M’asia keep their int rates the same

Negatives:

  • Silly ppl are still trying to make a name for themselves over the 3G license in Thailand…fyi Laos is already at 4G, time to stop mocking your neighbours and look in the mirror for once.
  • UTCC lowers 2012 GDP forecast to 5.4% from 5.6%German IP, factory orders and export orders all decline in Sept.
  • French and Italian IP also fall again.
  • UK PMI services falls to 50.6 vs 52, weakest since Dec ’10.
  • Australia, a Chinese proxy, exports fall to lowest since Feb ’11 with merchandise exports specifically to China down 6.5%,

 

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