Stocks were mixed in Asian trade. The Nikkei and Australia both managed a gain of a half percent, while the Hang Seng lost that much and Shanghai was down a quarter percent. European indexes are little changed on the session; the Footsie is off by a quarter percent and the Dax is essentially unchanged. US stock futures are up a fraction.
*The Q3 reading of Australia’s Import Price Index rose 0.7% on a quarter on quarter basis, more than the unchanged forecast; the Export Price Index was up 7.8%, almost double the expectation, but well below the 16.1% Q1 gain.
*The October reading of Germany’s IFO index of the Business Climate was up almost one point to 107.6; that’s a new high for the move and the best reading since May 2007.
*G20 finance ministers and central bankers are meeting in Gyeongju, South Korea in a two day session that is meant to set the stage for the G20 leadership meeting next month. Currency is likely to be the heart of the debate.
*The Fed is scheduled to buy Treasuries today that are due to mature between 4/15/13 and 9/30/14; the results of the operation will be announced just after 10:00am CDT.
*Philly Fed boss Plosser is scheduled to speak about regulatory reform at noon CDT.
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