Archive - Oct 27, 2010 - Story

• API: Oil inventories rise 6.4 million barrels.
• Australian Consumer Prices rise 0.7%, less than estimates; Currency drops.
• Average rates on 30-year fixed-rate mortgage expected to jump above 5%: MBA.
• Fed won't join banks' appeal to High Court over emergency-loan disclosures.
• Most Asian stocks rise on earnings; Japan's exporters gain on weaker Yen.
• US mortgage lending to drop below $1 trillion, lowest since 1996, bankers say.
• US Treasuries snap five-day decline as Dudley says economic momentum slowed.

Finally we enter the informal “blackout” period for policy-related FOMC commentary one week ahead of the scheduled announcement from next week’s meeting, which means the Fed chatterboxes finally shut up. Just one speech today with little likelihood of breaking new ground, following the morning's data on mortgage applications, durable goods, and new home sales…Most importantly, no POMO. Futures already reflect it.

RANsquawk European Morning Briefing - Stocks, Bonds, FX – 27/10/10