Archived IMT (2009.10.01)
Nikkei closed below 10K for the first time in 3 months despite an improvement in the tankan survey for business sentiment to -33 in Q3 from -48 in Q2. UK manufacturing PMI declined unexpectedly in Sep to 49.5 from 49.7, showing the second monthly decline. PMIs in Italy and Spain also fell while those in Germany and France edged up. FTSE-100 dips back to negative territory, while EUR and GBP drop mainly against USD. Despite speculation about the 6-nations pressing Iran to come clean on its nuclear set up, we do not expect the imposition of sanctions. EURUSD and EURJPY eye interim support at 1.4520 and 130.50, which could be pressured by emerging risk aversion resulting from the US data releases (consumer spending, ISM manuf, construction and pending home sales) 2 DAYS LEFT TO REGISTER FOR THE LAID-LORI WEBINAR http://bit.ly/Ln0cM
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