• Bank of Japan expands its monetary
stimulus in a 5-4 vote
• The central bank decided to increase the pace at which it expands
base money to about 80 trillion yen from 70 trillion targeted previously
• It will increase its purchases of
government debt and extend the average duration to about 7-10 years
• JPY plunged to a six-year low against the
dollar while Nikkei surged almost 3% following the announcement
• NZD strengthened after Chinese authorities
lifted a temporary import ban from the New Zealand’s biggest dairy exporter:
NZD-positive
• Today:
•
Germany: Retail sales for September
•
Eurozone: Unemployment rate for September is also coming out
along with the bloc’s CPI estimate for October
•
Norway: Official unemployment rate for October
•
Canada:
GDP for August is expected to have remained unchanged from the previous month
•
US: Personal income, personal spending, PCE deflator and
core PCE, all for September
•
Speakers: ECB
Governor Luis Maria Linde speaks
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