Risk makes a comeback after weekend developments on the Dubai front
Market openings after the long weekend look set to make for a volatile session MAJOR HEADLINES – PREVIOUS SESSION NZ Oct. Building Permits out at 11.7% m/m vs. revised +5.5% prior JP Nov. Nomura/JMMA PMI out at 52.3 vs. 54.3 prior AU Nov. TD Securities Inflation out at +0.3% m/m, +2.1% y/y vs. -0.3%/+1.2% prior resp. JP Oct. IP out at +0.5% m/m, -15.1% y/y vs. +2.5%/-13.4% expected and +2.1%/-18.4% prior resp. AU Oct. HIA New Home Sales out at -6.0% m/m vs. -4.5% prior UK Nov. GfK Consumer