LOOK AHEAD: UK Timeline of Key Events (All Times in GMT)

Nov-24 06:23
Date UK Period Event
24-Nov 0001 Nov Gfk Monthly Consumer Confidence
27-Nov 1100 Nov CBI Distributive Trades
27-Nov 1530 DMO Quarterly Investor/GEMM Consultation Meetings
28-Nov BOE's Haskel UK Inflation Speech
28-Nov 0001 Nov BRC Monthly Shop Price Index
29-Nov 0930 Oct BOE M4/Lending to individuals
30-Nov 0730 DMO to publish gilt operations calendar for FQ4
30-Nov 1600 BOE's Greene speech at Leeds University
01-Dec 0930 Nov S&P Global Manufacturing PMI Final
05-Dec 0001 Nov BRC-KPMG Shop Sales Monitor
05-Dec 0930 Nov S&P Global /CIPS Services PMI Final
06-Dec 0930 Nov S&P Global /CIPS Construction PMI
06-Dec 1030 BOE FPC Summary and Record
08-Dec 0930 Nov Bank of England/Ipsos Inflation Attitudes Survey
13-Dec 0700 Oct GDP/ Services/ Production/ Trade/ Construction
14-Dec 1200 Bank Of England Interest Rate

Historical bullets

SWEDEN: Further Y/Y PPI Deflation But Monthly Prints Rise In September

Oct-25 06:23

Sweden producer and trade price data for September showed further Y/Y declines with the exception of export prices, which rose +0.8% Y/Y.

  • PPI printed at -4.6% Y/Y (vs -5.9% prior) and rose +1.8% M/M (vs -0.7% prior). The M/M print was pushed upwards by prices on refined petroleum, motor vehicles and other manufactured products. However, despite the M/M rise in energy prices, the Y/Y print was once again negative as energy prices rose at a slower pace than in September last year.
  • Food and electricity prices applied downward pressure to the index, suggesting that base effects will still play a role in pulling down the headline CPI index in the coming months.
  • Once again, the weaker krona applied upward pressure to import and export price indices, which rose +4.1% M/M and +3.4% M/M respectively (although import prices still fell -0.7% Y/Y), though higher crude prices also pushed up monthly import prices.
  • SEK did not see much of a reaction to the print, which is not usually a market mover, but recent comments from Riksbank's Breman suggests the Riksbank are looking at upstream prices' effects on CPI more closely, and further details may be provided in the November Monetary Policy Report.

BTP TECHS: (Z3) Corrective Bounce

Oct-25 06:04
  • RES 4: 113.69 76.4% retracement of the Aug 24 - Oct 4 bear leg
  • RES 3: 112.53 61.8% retracement of the Aug 24 - Oct 4 bear leg
  • RES 2: 111.59 50.0% retracement of the Aug 24 - Oct 4 bear leg
  • RES 1: 110.00/111.17 High Oct 24 / 12 and key resistance
  • PRICE: 109.17 @ Close Oct 24
  • SUP 1: 107.42 Low Oct 19
  • SUP 2: 107.08 2.236 proj of the Jun 26 - Jul 11 - 19 price swing (cont)
  • SUP 3: 106.40 2.382 proj of the Jun 26 - Jul 11 - 19 price swing (cont)
  • SUP 4: 105.85 2.50 proj of the Jun 26 - Jul 11 - 19 price swing (cont)

BTP futures traded to a fresh cycle low last week as the contract extended the reversal from 111.17, the Oct 12 high. Price has pierced key support at 107.62, the Oct 4 low. A clear break of this level would confirm a resumption of the long-term downtrend and open 107.08, a Fibonacci projection. 111.17 marks the key resistance. Clearance of this level is required to highlight a possible short-term reversal. Recent gains are considered corrective.

MNI: OCT CHINA LIQUIDITY INDEX 62.8

Oct-25 06:00



  • MNI: OCT CHINA LIQUIDITY INDEX 62.8