|Important Financial Indicators of the day||Forecast||Previous|
|GBP||9:30 (GMT)||Manufacturing PMI
|USD||15:00 (GMT)||ISM Manufacturing PMI
- EUR/USD The euro remained higher against the dollar following an advance yesterday as optimism built that the European Central Bank will take steps at a meeting tomorrow to stem the region’s debt crisis.
- The euro bought $1.2295 as of 8:51 a.m. in Tokyo after climbing 0.4 percent yesterday to $1.2304. The shared currency traded at 96.06 yen from 96.12 yesterday, when it advanced 0.3 percent. The dollar was little changed at 78.13 yen, having fallen for the past two days.
- USD/JPY The yen strengthened 0.2 percent to 95.90 per euro as of 12:04 p.m. in Tokyo. Japan’s currency added 0.2 percent to 77.99 against the dollar after touching 77.91, the strongest since June 1. The euro was little changed at $1.2296 from $1.2304 yesterday.
- The yen strengthened 0.2 percent to 95.90 per euro as of 12:04 p.m. in Tokyo. Japan’s currency added 0.2 percent to 77.99 against the dollar after touching 77.91, the strongest since June 1. The euro was little changed at $1.2296 from $1.2304 yesterday.
- USD/CAD Canada’s dollar posted a second monthly gain versus its U.S. peer as speculation the Federal Reserve and European Central Bank may extend liquidity operations spurred appetite for higher-risk currencies.
- The Canadian currency appreciated 0.2 percent to C$1.0031 per U.S. dollar at 5 p.m. in Toronto. One Canadian dollar buys 99.69 U.S. cents.
- Oil fell for a third day in New York, the longest losing streak in almost two months, as concern that central banks won’t act to stimulate a slowing global economy outweighed signs of shrinking supplies.
- Futures slid as much as 0.6 percent after measures of manufacturing in China and Australia weakened. The U.S. Federal Reserve will forgo announcing a third round of asset purchases after a two-day meeting ends today, according to 88 percent of economists in a Bloomberg survey. European Central Bank policy makers meet tomorrow. U.S. crude stockpiles shrank 11.6 million barrels last week, the most since September 2008, the American Petroleum Institute said.
- Gold may decline for a third day on speculation that the Federal Reserve may hold off announcing additional stimulus at the end of its policy meeting today, damping demand for bullion as a store of value.
- Spot gold was little changed at $1,614.70 an ounce at 1:12 p.m. in Singapore after capping a second month of gains yesterday. December-delivery bullion rose 0.2 percent to $1,618 an ounce on the Comex in New York.
- Asian stocks dropped for the first time in five days, oil declined and the yen rose after manufacturing from Australia to China disappointed investors and companies including Komatsu Ltd. cut earnings forecasts.
- The MSCI Asia Pacific Index (MXAP) lost 0.5 percent as of 2:17 p.m. in Tokyo, where the Nikkei 225 (NKY) Stock Average declined 1 percent. Standard & Poor’s 500 Index futures slipped 0.1 percent. Brent oil decreased 0.4 percent to $104.54 a barrel. The yen gained against most of its major counterparts. Corn and soybean futures rose at least 1 percent amid a U.S. drought.
- European stocks fell, even as the Stoxx Europe 600 Index completed its second straight monthly rally, after companies including BP Plc and UBS AG (UBSN) posted earnings that missed forecasts and investors awaited the outcome of a two-day Federal Reserve meeting.
- The Stoxx 600 declined 1 percent to 261.38 at the close in London. The gauge rallied 4.1 percent in July as policy makers resolved to preserve the euro and support economic growth. The measure has rebounded 12 percent from this year’s low on June 4.
- U.S stocks fell, trimming a second monthly advance in the Standard & Poor’s 500 Index, as investors awaited the Federal Reserve’s monetary-policy decision tomorrow.
- Coach Inc. (COH), the largest U.S. luxury handbag maker, tumbled 19 percent after reporting revenue that trailed analysts’ estimates. Humana Inc. (HUM) slumped 13 percent as the provider of Medicare benefits cut its 2012 profit forecast. Apple (AAPL) Inc. rose 2.6 percent as Sanford C. Bernstein & Co. said it is considering a stock split that could prompt the world’s most valuable company to be added to the Dow Jones Industrial Average.