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JPY

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US and Germany at session highs

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Stock Markets Drifting Ahead of Opening Bell

US TSY OPTIONS

Post-Open Downside Insurance

Global Data Calendar

Repeats Story Initially Transmitted at 20:01 GMT Dec 5/15:01 EST Dec 5
--Rating: *** most market sensitive, * least market sensitive
     
Date   GMT /Local                                             Prior  Est.
-------------------------------------------------------------------------------
06-Dec 0030/1130 *** Q3     AU GDP q/q                         +0.8  +0.7   %
06-Dec 0030/1130 *** Q3     AU GDP y/y                         +1.8  +3.0   %
06-Dec 0700/0800 **  Oct    DE manufacturing orders m/m         1.0  -0.6   %
06-Dec 0700/0800 **  Oct    DE manufacturing orders  y/y wda    9.5    --   %
06-Dec 0815/0915 *** Nov    CH CPI m/m                          0.1    --   %
06-Dec 0815/0915 *** Nov    CH CPI y/y                          0.7    --   %
06-Dec 1200/0700 **  01-Dec US MBA Mortgage Applications       -3.1    --   %
06-Dec 1315/0815 *** Nov    US ADP private payrolls             235    -- k 
06-Dec 1330/0830 **  Q3     US non-farm productivity (f)        3.0   3.3   %
06-Dec 1330/0830 **  Q3     US unit labor costs (f)             0.5   0.3   %
06-Dec 1330/0830 *   Q3     CA Labour productivity             -0.1    --   %
06-Dec 1500/1000 **  Dec    US IBD/TIPP Optimism Index         53.6    --
06-Dec 1500/1000 *   Dec    US help-wanted online ratio        1.21    --
06-Dec 1500/1000 ***        CA BOC interest rate announcement   1.0   1.0   %
06-Dec 1530/1030 **  01-Dec US crude oil stocks ex. SPR w/w   -3.43    -- m bbl
06-Dec 2000/1500 *   Nov    US Treasury STRIPS Holdings          --    -- b USD
 
07-Dec     -     *** Nov    CN FX Reserves                    0.703    -- b USD
07-Dec     -     *** Nov    CN FX Reserves ytd                3.109    -- t USD
07-Dec 2230/0930 **  Nov    AU AI Grp/HIA construction index   53.2    --
07-Dec 0030/1130 *** Oct    AU Trade balance                   1745  1200 m AUD
07-Dec 0645/0745 **  Nov    CH unemployment rate                3.1    --   %
07-Dec 0645/0745 **  Nov    CH unemployment m/m                 1.2    --   %
07-Dec 0645/0745 **  Nov    CH unemployment y/y                -6.7    --   %
07-Dec 0700/0800 **  Oct    DE industrial production m/m       -1.6   0.5   %
07-Dec 0700/0800 **  Oct    DE industrial production wda y/y    3.6    --   %
07-Dec 0745/0845 *   Oct    FR foreign trade                   -4.7    -- b E
07-Dec 0745/0845 *   Oct    FR current account                 -3.1    -- b E
07-Dec 0830/0830 *   Nov    UK Halifax house prices 3m y/y       --    --   %
07-Dec 1000/1100 *** Q3     EU GDP (2nd est.) q/q               0.6   0.6   %
07-Dec 1000/1100 *** Q3     EU GDP (2nd est.) y/y               2.5   2.5   %
07-Dec 1230/0730 *   Nov    US challenger layoff plans         -3.0    --   %
07-Dec 1330/0830 **  02-Dec US jobless claims                   238   240 k 
07-Dec 1330/0830 *   Oct    CA Building permits                +3.8    --   %
07-Dec 1445/0945 *   03-Dec US Bloomberg comfort index           --    --
07-Dec 1500/1000 *   Q3     US Service Revenue                   --    --   %
07-Dec 1500/1000 **  Nov    CA Ivey PMI (SA)                   63.8    --
07-Dec 1530/1030 **  01-Dec US natural gas stocks w/w           -33    --   Bcf
07-Dec 1700/1200 *   Q3     US domestic non-financial debt       --    --   %
07-Dec 2000/1500 *   Oct    US consumer credit                 20.8  17.0 b USD
07-Dec 2000/1500 *   Nov    US Treasury Allotments (final)       --    -- b USD
07-Dec 2130/1630 **  06-Dec US Fed weekly securities holdings    --    -- t USD
 
08-Dec     -     *** Nov    CN exports y/y                      6.9   6.0   %
08-Dec     -     *** Nov    CN trade balance                   38.2  36.5 b USD
08-Dec     -     *** Nov    CN imports y/y                     17.2  11.0   %
08-Dec 2350/0850 **  Q3     JP GDP (r) q/q                     +0.3  +0.4   %
08-Dec 2350/0850 **  Q3     JP GDP (r) annualized              +1.4  +1.5   %
08-Dec 0000/0900 **  Oct    JP Total wages y/y                 +0.9    --   %
08-Dec 0000/0900 **  Oct    JP Base wages y/y                  +0.7    --   %
08-Dec 0000/0900 **  Oct    JP Real wages y/y                  -0.1    --   %
08-Dec 0030/1130 *** Oct    AU Housing finance m/m             -2.3  -2.8   %
08-Dec 0700/0800 *   Q3     DE labour costs q/q                 0.3    --   %
08-Dec 0700/0800 *   Q3     DE labour costs y/y wda             2.3    --   %
08-Dec 0700/0800 **  Oct    DE trade balance m/m               21.8    -- b E
08-Dec 0700/0800 **  Oct    DE trade balance imports m/m       -1.0    --   %
08-Dec 0700/0800 **  Oct    DE trade balance exports m/m       -0.4    --   %
08-Dec 0745/0845 *   Oct    FR industrial production m/m        0.6    --   %
08-Dec 0745/0845 *   Oct    FR industrial production y/y        3.2    --   %
08-Dec 0930/0930 **  Oct    UK construction output m/m           --    --   %
08-Dec 0930/0930 **  Oct    UK construction output y/y           --    --   %
08-Dec 1315/0815 **  Nov    CA CMHC housing starts            222.8 215.0 k 
08-Dec 1330/0830 *** Nov    US nonfarm payrolls                 261   200 k 
08-Dec 1330/0830 *** Nov    US private payrolls                 252   198 k 
08-Dec 1330/0830 *** Nov    US unemployment rate                4.1   4.1   %
08-Dec 1330/0830 *** Nov    US average hourly earnings          0.0   0.3   %
08-Dec 1330/0830 *** Nov    US average workweek, all workers   34.4  34.4   hrs
08-Dec 1330/0830 **  Q3     CA Industrial Capacity Use Rate    85.0    --   %
08-Dec 1500/1000 **  Oct    US wholesale inventories            0.3    --   %
08-Dec 1500/1000 **  Oct    US wholesale sales                  1.3    --   %
08-Dec 1500/1000 *** Dec    US Michigan sentiment index (p)    98.5  99.0
08-Dec 1600/1100 **  Q4     US St. Louis Fed Real GDP Nowcast +3.11    --   %
08-Dec 1615/1115 **  Q4     US NY Fed GDP Nowcast               3.9    --   %
 
09-Dec 0130/0930 *** Nov    CN CPI y/y                          1.9   1.8   %
09-Dec 0130/0930 *** Nov    CN PPI y/y                          6.9   5.8   %
 
11-Dec     -     *** Nov    CN M2 ytd y/y (date tba)            8.8   8.9   %
11-Dec     -     *** Nov    CN new loans (date tba)           663.2 800.0 t CNY
11-Dec     -     *** Nov    CN social financing (date tba)     1.04  1.29 t CNY
11-Dec 2145/1045 **  Nov    NZ Electronic card transactions      --    --   %
11-Dec 0730/0830 **  Nov    FR BOF Manufacturing Sentiment    106.0    --
                                 Index
11-Dec 0730/0830 **  Nov    FR BOF Services Sentiment Index   102.0    --
11-Dec 0900/1000 *   Oct    IT retail sales m/m                 0.9    --   %
11-Dec 0900/1000 *   Oct    IT retail sales y/y nsa             3.4    --   %
11-Dec 1100/1200 *   Oct    EU OECD Leading Indicator         100.2    --
11-Dec 1500/1000 **  Oct    US JOLTS job openings level        6093    -- k 
11-Dec 1500/1000 **  Oct    US JOLTS quits rate                 2.2    --   %
11-Dec 1500/1000 *   Nov    US ETI                            135.57   --
11-Dec 1600/1100 **  Dec    US NY Fed expectations survey        --    --
 
12-Dec     -     *** Nov    CN M2 ytd y/y (date tba)            8.8   8.9   %
12-Dec     -     *** Nov    CN new loans (date tba)           663.2 800.0 t CNY
12-Dec     -     *** Nov    CN social financing (date tba)     1.04  1.29 t CNY
12-Dec 2350/0850 *   Nov    JP Corp goods price index m/m      +0.3    --   %
12-Dec 2350/0850 *   Nov    JP CGPI y/y                        +3.4    --   %
12-Dec 0030/1130 *   Q3     AU House price index q/q             --    --   %
12-Dec 0030/1130 *   Q3     AU House price index y/y             --    --   %
12-Dec 0030/1130 **  Nov    AU NAB business confidence           +8    --
12-Dec 0030/1130 **  Nov    AU NAB business conditions          +21    --
12-Dec 0630/0730 **  Q3     FR non-farm payrolls q/q            0.2    --   %
12-Dec 0630/0730 **  Q3     FR non-farm payrolls y/y            1.3    --   %
12-Dec 0930/0930 *** Nov    UK CPI m/m                           --    --   %
12-Dec 0930/0930 *** Nov    UK CPI y/y                           --    --   %
12-Dec 0930/0930 *** Nov    UK core CPI y/y                      --    --   %
12-Dec 0930/0930 *** Nov    UK PPI output y/y                    --    --   %
12-Dec 0930/0930 *** Nov    UK PPI input y/y                     --    --   %
12-Dec 1000/1000 *   Nov    UK ONS House Price Index y/y         --    --   %
12-Dec 1000/1100 *** Dec    DE ZEW Current Expectations Index  18.7    --
12-Dec 1000/1100 *** Dec    DE ZEW Current Conditions Index    88.8    --
12-Dec 1100/0600 **  Nov    US NFIB Small Business Index      103.8    --
12-Dec 1330/0830 *** Nov    US Final Demand PPI                 0.4    --   %
12-Dec 1330/0830 *** Nov    US PPI ex. food and energy          0.4    --   %
12-Dec 1330/0830 *** Nov    US PPI ex. food, energy, trade      0.2    --   %
12-Dec 1355/0855 **  09-Dec US Redbook retail sales m/m        -0.9    --   %
12-Dec 1600/1100 **  Nov    US Kansas City Fed LMCI            0.52    --
12-Dec 1900/1400 **  Nov    US Treasury budget balance        -63.2    -- b USD
 
13-Dec     -     *** Nov    CN M2 ytd y/y (date tba)            8.8   8.9   %
13-Dec     -     *** Nov    CN new loans (date tba)           663.2 800.0 t CNY
13-Dec     -     *** Nov    CN social financing (date tba)     1.04  1.29 t CNY
13-Dec 2330/1030 **  Dec    AU Westpac-MI consumer sentiment   99.7    --
13-Dec 2350/0850 *   Oct    JP Machinery orders m/m            -8.1    --   %
13-Dec 0700/0800 *** Nov    DE HICP (f) m/m                     0.3    --   %
--MNI Washington Bureau; +1 202-371-2121; email: holly.stokes@marketnews.com
[TOPICS: MTABLE]