Reply To: Traders Market Weekly: Bull or Bear Trap Ahead of the Fed?


Press reports suggested that Japan is planning JPY29 trln in stimulus spending, up from the previous forecast for spending of JPY25.10 trln. The stimulus package is expected to be approved by Japan’s cabinet tomorrow.
The Bank of Korea will temporarily broaden eligible loan collateral to improve liquidity among banks. Smartphone shipments in China were reportedly down 11% yr/yr in Q3.
China’s September Industrial Profit -2.3% YTD (last -2.1%). September FDI 15.6% (last 16.4%)
South Korea’s Q3 GDP 0.3% qtr/qtr (expected 0.1%; last 0.7%); 3.1% yr/yr (expected 2.8%; last 2.9%)
Australia’s Q3 Import Price Index 3.0% qtr/qtr (last 4.3%) and Export Price Index -3.6% qtr/qtr (last 10.1%)