Dow Jones reporting.

–Oct PSNB-X Stg6.498bn vs Stg7.171bn in Oct 2010 –Oct Current Budget-X -Stg4.472bn vs -Stg4.745bn in Oct 2010 LONDON (MNI) – Public Sector Net Borrowing fell by a little more than expected in October, leaving the Chancellor, George Osborne, still on track to meet borrowing forecasts for the current fiscal year. Figures from National Statistics showed [...]

UK DATA: Oct PSNB-X Stg6.498bn vs Stg7.171bn in Oct 2010 –Oct Current Budget-X -Stg4.472bn vs -Stg4.745bn in Oct 2010 ———————————————————————— Public Sector Net Borrowing fell by a little more than expected in October, leaving the Chancellor, George Osborne, more likely to hit borrowing forecasts for the current fiscal year. Figures from National Statistics showed PSNB-X [...]

Oct 2011 ex PSNB financial intervention £6.498 bln ( exp £6.80 bln) vs £7.717 bln Oct 2010 Oct 2011 PSNCR -£0.643 bln vs -£6.861 bln  in Oct 2010

PMI (flash) – November – factory services Median Forecast 46.0 45.9 High forecast 47.3 46.6 Low forecast 45.5 44.8 Previous period 47.1 47.2 - Number of responses 15 14 - 4Cast 46.0 46.0 ABN Amro 45.5 45.0 Barclays Cap. 45.5 45.7 BoA-ML 46.5 46.0 Capital Economics 46.0 45.5 Citi 45.5 45.0 Commerzbank 46.5 46.5 DZ [...]

PMI (flash) – November – factory services Median Forecast 48.3 50.0 High forecast 58.5 51.0 Low forecast 48.0 46.0 Previous period 49.1 50.6 - Number of responses 8 9 - 4Cast 48.0 50.0 Barclays Cap. 48.0 49.0 BoA-ML 48.0 49.0 Commerzbank 48.0 50.0 DZ Bank 48.9 50.3 Natixis 49.0 50.0 Soc. Generale 48.5 51.0 Unicredit [...]

PMI (flash) – November - factory services Median Forecast 48.0 44.2 High forecast 48.0 45.7 Low forecast 46.5 43.9 Previous period 48.5 44.6 - Number of responses 9 9 - 4Cast 48.0 44.2 Barclays Cap. 46.5 45.0 BNP Paribas 48.0 45.0 BoA-ML 47.0 44.0 Commerzbank 48.0 45.0 DZ Bank 47.7 43.9 Natixis 48.0 44.0 Soc. [...]

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Got various reports indicating sell orders clustered from 1.3540 all the way up to 1.3580 (augmenting earlier reports of sell orders 1.3550/70)  Some talk of buy stops through 1.3545. We’re at 1.3520 having been as high as 1.3542. Markets likely to become increasingly messy as we head into Thanksgiving. Soon be Christmas!!!

FRANKFURT (MNI) – EU Commissioner for Economic and Monetary Affairs Olli Rehn warned against unnecessarily altering the EU Treaty, arguing there was enough scope within the current framework to enhance the supervision of member states’ fiscal affairs. “We are not ruling out any changes to the treaty, but we first need some analysis to ensure [...]

Talk of “large” sell orders up at .9900/10 in AUD/USD. Buy stops seen gathering just above .9920. We’re presently at .9885.

Well it sure don’t help any……

1.3530+. We’re at 1.3522 from session high 1.3533.

We’ve been to 1.3523, presently at 1.3515. Talk of buy stops through 1.3530. Sell orders seen clustered up at 1.3550/70.

Yuan should be internationalized gradually Capital account shouldn’t be fully liberalized Fully convertible yuan will pressure exports, growth Dow Jones reports.

DAX futures up +0.7%, CAC 40 futures up +1.0%. EUR/USD touch firmer in early European trade, presently at 1.3505.

Versus 1911 mln in September (prev 1850 mln) Slightly better than median forecast of 2060 mln. Swiss watch exports up +18.6% in October y/y in nominal terms to 1.874 bln. SNB chair Hildebrand due to speak in Geneva this morning at 10:45 GMT.

Zerohedge article.