Week of September 25, 2011 thru October 1, 2011

China CFLP PMI Up For Second Month, Export Orders Jumps


BEIJING (MNI) - The growth momentum of China's manufacturing sector strengthened further in September after a modest improvement in August as Chinese manufactures reported a jump in new export orders, according to data released by the China Federation of Logistics and Purchasing (CFLP) Saturday.

China's purchasing managers index was at 51.2 in September, up from 50.9 in August. The PMI stood at 50.7 in July, 50.9 in June, 52.0 in May, 52.9 in April and 53.4 in March.

The new export orders index rose to 50.9 in September from 48.3 in August, the CFLP said.

TheFXSpot: Eurozone Malaise Lingers;ECOFIN, ECB, US Jobs Eyed


NEW YORK, Sept 30 (MNI) - The eurozone peripherals malaise lingered Friday, with risk assets again hit hard, as the market fretted the global economic ramifications of the crisis if it is not soon resolved.

US News Events Calendar


--Meetings & Events of Interest to Subscribers

DATE GMT / EST EVENT

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03-Oct 1400/1000 CFTC Chair Gary Gensler speech to the Swap Execution Facility Conference in New York.

03-Oct 2200/1800 Richmond Federal Reserve Bank President Jeffrey Lacker speech on economics after the crisis at University of Wisconsin in Madison.

04-Oct 1300/0900 Federal Reserve Gov.

US News Events Calendar


--Meetings & Events of Interest to Subscribers

DATE GMT / EST EVENT

------------------------------------------------------------------------

03-Oct 1400/1000 CFTC Chair Gary Gensler speech to the Swap Execution Facility Conference in New York.

03-Oct 2200/1800 Richmond Federal Reserve Bank President Jeffrey Lacker speech on economics after the crisis at University of Wisconsin in Madison.

04-Oct 1300/0900 Federal Reserve Gov.

FXWRAP: Dlr Lifts, Euro Wilts As Month-End Flows Dominate


NEW YORK, Sept. 30 (MNI) - The dollar was able to rack up modest gains vs. the euro and the yen Friday, the greenback lifted by safe haven and month-end flows amid still nervous markets.

Euro-dollar was changing hands at $1.3410 in afternoon dealings Friday, the euro at the lower end of the day's $1.3404/1.3510 U.S. hours range, the euro slightly below its $1.3495 early level of the session.

US Debt Offering, Auction Calendar for Tsy and Agency Issues


September 30

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

Credit Default Swaps:Mkt Weak, Many Reluctant To Unwind Hedges


CHICAGO, Sept 30 (MNI) - The benchmark index on investment grade U.S. credit default swaps or IG17 widened Friday as the overall tone of the market was extremely weak.

The IG17 gapped open wider at 141 basis points versus Thursday's 3:00 p.m. ET close of 140 bps and the 5:00 p.m. ET close of 138.625 bps. The in

Reality Check: US Sept Car Sales Firmer But Gains Won't Last


PHILADELPHIA (MNI) - U.S. domestic car sales rose to their highest level for five months in September as inventories recovered from a decline caused by the Japanese earthquake, but the improvement was patchy and is not likely to resto

US Swaptions: Slip Lower After Mixed Start, No Delivery


CHICAGO, Sept. 30 (MNI) - Following a steady to mixed open, over-the-counter swaption volatility sagged lower around midday Friday, delivered volatility failing to arrive following the Operation Twist schedule release.

Portfolios:Villere Balncd Fnd:Adds Stocks;Reached FI Min Expos


WASHINGTON (MNI) - With macroeconomic conditions likely to favor stocks going forward, top performer Villere Balanced Fund has reached its minimum exposure on bonds, while seeking to add to an already high stock exposure.