But will, and is,  providing “technical expertise” on the bank debt plan. Comments made in an email  from the European Investment Bank

Well it’s not very impressive this morning after yesterday’s bull bonanza but.. USD/JPY- Bids 75.65 down to 75.50 (barrier), large sell stops through 75.40, barriers agaion below at 75.25 and 75.00. Offers start from 76.00 and 76.25 EUR/JPY- Tech support 106.60, 105.40.  Tech resistance 108.00, 108.60, 109.20 EUR/USD- Bids 1.4150 down to 1.4140 with stops [...]

There you go, fancy a glug of Italian govt bonds? Talking about Italian bonds, we got results of Italian bond auctions coming up at 09:10 GMT.

– Updating 01:14 ET Story Throughout With Comments, Background BEIJING (MNI) – Any expectations that this week would end with a Chinese agreement to contribute to Europe’s latest bailout plan were dashed by the government, which said it needs more details about the leveraging of the European Financial Stability Facility (EFSF), and the fund’s chief [...]

FRANKFURT (MNI) – The German federal government is seeking bids for a E2 billion sale of new 12-month bubills, the Bundesbank confirmed Friday. Bids are due by 1000 GMT on Monday, October 31. The announcement of the auction results will be made shortly thereafter. The bubills will settle on Wednesday, November 2, 2011 and mature [...]

Court has temporarily suspended use of a special parliamentary committee to take decisions on urgent matters pertaining to the EFSF on behalf of Bundestag lawmakers. Lawmaker had yesterday lodged a complaint with the court, saying that the special committee breached German law as it transferred power from a full session of the Bundestag lower house [...]

Can’t rule it out as depends on markets.

Up from Q2 20.9% and weaker than Reuters’ median forecast of 20.9%. Total of 4.98 mln.

FRANCE DATA: French consumer spending fell back 0.5% on the month in September after recovering modestly in August, bring the annual change to -1.3%, INSEE reported on Friday. Median forecasts had been for a more modest drop of 0.1% m/m. – See MNI MainWire for details

Broad-based govt of all parties would lead to paralysis for Italy Italy would suffer serious damage from election campaign now

Weaker than Reuters’ median forecast of flat.

Playing it cagey hey…… EUR/USD touch lower on the comment, presently at 1.4163. EFSF sees China is an important investor Repeats that Beijing is awaiting details on EFSF proposals

Not sure what that means. I await details. OK.   Zhu Guangyao says purchase of EFSF bonds is not on the agenda of the upcoming G20 summit. EUR/USD sits at 1.4172, where it was when I sat down around 2 hours ago.

Welcomes European debt deal Developed nations should boost savings Countries of main reserve currencies should keep fx stable to avoid forcing others to depreciate

With conditions. These potentially include holding part of the investment in renminbi, the participation of other states and the security of the investment. Paper cites Chinese central bank official Li Daokui.

Financial spreadbetters see European stocks firmer again;  DAX by as much as 1%,  CAC 40 by as much as 0.7% and FTSE by as much as 0.3%. According to Reuters.

David Cottle in the WSJ

BEIJING (MNI) – The head of the European Financial Stability Facility (EFSF) said Friday he had come to the Chinese capital simply to briefing government officials about the structure of Europe’s new sovereign debt rescue plan and insisted there would be no concrete results about any Chinese contribution to the bailout fund. Klaus Regling dismissed [...]

Love him or loathe him, latest from AEP at The Telegraph.

– See Separate Table For Details of Individual Forecasts TOKYO (MNI) – Japanese housing starts are expected to have risen 7.6% in September, which would be a sixth straight year-on-year gain, according to the median forecast of analysts surveyed by Market News International. The Ministry of Land, Infrastructure, Transport and Tourism will release the data [...]