Week of August 28, 2011 thru September 3, 2011

Correct: China PBOC Offl Warns Global Growth Slowing

BEIJING (MNI) - The risks facing the global economic recovery are
increasing, a senior People's Bank of China official warned in comments
published late Thursday and Friday, warning that emerging market growth
is slowing while inflation is now spreading from the developing to the
advanced economies.

Japan MOF: Q2 Capex Posts 1st Drop In 4 Qtrs After Mar Quake

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Thursday, September 1, 2011 - 20:39

Japan MOF: Q2 Capex Posts 1st Drop In 4 Qtrs After Mar Quake

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China PBOC Offl Warns Global Growth Slowing,Inflation Rising

BEIJING (MNI) - The risks facing the global economic recovery are
increasing, a senior People's Bank of China official warned in comments
published late Thursday and Friday, warning that emerging market growth
is slowing while inflation is now spreading from the developed to the
advanced economies.

Correct: MNI Survey: Japan Q2 Capex Seen +1.5% Y/Y, Q1 +3.0%

-- Correcting To Clarify Y/Y Change For Capex Including Software, SA
Q/Q Change for Capex Excluding Software

-- See Separate Table For Details of Individual Forecasts

TOKYO (MNI) - Combined investment in equipment (including software)
by non-financial firms in Japan is expected to have risen 1.5% on year
in April-June, posting a year-on-year gain for the fourth straight
quarter, according to the median forecast of economists surveyed by
Market News International.

The Ministry of Finance will release Q2 capital investment figures

China Economic Data Calendar

All figures year-over-year percent changes unless otherwise specified.

Date Time For Event Previous Local/GMT ------------------------------------------------------------------------ 09 Sep 0930/0130 Aug CPI (% y/y, % ytd y/y) +6.5/+5.5 09 Sep 0930/0130 Aug PPI (% y/y, % ytd y/y) +7.5/+7.1 09 Sep 0930/0130 Aug Fixed-Asset Invest (%ytd y/y) +25.4 09 Sep 0930/0130 Aug Retail Sales (% y/y, % ytd y/y) +17.2/+16.8

US NFIB Pre-Jobs Statement: Job Losses Appear To Be Reducing

WASHINGTON (MNI) - The National Federation of Independent Business
Thursday issued the following:

"We wish there was good news to report, but sadly, we will give you
more of the same: The prospects for a good jobs report are dim. In
August, small-business owners reported job losses averaging .08 workers
per firm over the last three months. This follows a loss of .23 workers
per firm reported in June and .15 workers per firm in July. The good
news is that the trend is moving in the right direction -- losses appear

US Data Prev:Upside Payroll Surprise Cld Cause Larger React

By Ian McKendry

WASHINGTON (MNI) - Markets are mentally prepared for another signal
that the economy is growing at a tepid pace when the Bureau of Labor
Statistics releases its' non-farm payrolls report Friday, which may
present some risk for a better than expected report to move markets.

"I think the market is sort of braced for a negative number, so
from a reactionary standpoint I think you would get a bigger reaction to
a number modestly above where we are relative to a number that is minus
10,000 or something like that," Tom Porcelli, Chief Economist at RBC

US Debt Offering, Auction Calendar for Tsy and Agency Issues

September 1

Source: U.S. Treasury, Fannie Mae, Freddie Mac Amounts in billions of U.S. dollars

Auction/ Prev. Announce Pricing Settlement Maturity Auction Source Date Issue Date Date Date Size

Upcoming bills and coupon offerings:

FRE 02-Sep-11 3-mo 06-Sep-11 07-Sep-11 --- 1.5 FRE 02-Sep-11 6-mo 06-Sep-11 07-Sep-11 --- 1.5 FNMA 02-Sep-11 3-mo 07-Sep-11 08-Sep-11 --- 1.0

ECB Nowotny: See Distinct Easing Of Inflation Tension In 2012

ALPBACH, Austria (MNI) - Next year will bring clearly lower growth
to Europe along with considerably tamer inflation, European Central Bank
Governing Council member Ewald Nowotny said late Thursday.

Speaking to journalists at the annual media dinner of the Austrian
National Bank, which he heads, Nowotny noted that he

Summary of Select August US Auto Sales Figures Reported Sep 1

--Updated To Include Mazda

WASHINGTON (MNI) - The following is a summary of the August U.S.
sales performance of select auto manufacturers announced Thursday:

* General Motors Co. Thursday reported total sales of 218,479
vehicles in August, an 18% increase compared with August 2010. Retail
deliveries were up 22% compared with the same month a year ago and
accounted for 74% of GM sales. Deliveries to fleet customers increased
8%. In August, year-over-year passenger car sales increased 18%,
crossover sales increased 17% and truck sales increased 18%. GM