| Economic News Japan Posts JPY300.4 Bln Surplus In September Japan had a merchandise trade surplus of 300.4 billion yen in September, the Ministry of Finance said on Monday - moving back into the green after stalling in the previous month, suggesting that the recovery from the devastating earthquake and tsunami on March 11 may be back on track. (Oct 24, 2011) Full Article    Japan Finance Minister Warns Against Yen's Rise Japan is ready to take decisive actions to halt the gains in yen, reports quoted Japan's Finance Minister Jun Azumi as saying on Monday. (Oct 24, 2011) Full Article Relying On ECB Resources Not An Option To Raise EFSF, Says EU European leaders reportedly rejected a proposal to expand the euro area rescue fund with the European Central Bank's support, during their meeting over the weekend. (Oct 24, 2011) Full Article BoE Broadbent Says Monetary Policy Cannot Fully Offset Euro Crisis Fallout Monetary policy can offset the fallout from a potential Eurozone burst up "only to some extent," Bank of England policymaker Ben Broadbent told the Financial Times. (Oct 24, 2011) Full Article U.S. Firms' Economic Expectations Worsen: Survey U.S. businesses' expectations for economic growth this year deteriorated sharply, according to a private survey published Monday. (Oct 24, 2011) Full Article Forex Top Story Europe Considering EU Treaty Changes, Decision On EFSF Likely On Wednesday European leaders said on Sunday that they are considering "limited" changes to the European Union Treaty, if needed, along with further strengthening of economic convergence within the euro area. (Oct 24, 2011) Full Article China Manufacturing Sector Expands First Time In 4 Months China's manufacturing sector expanded for the first time in four months in October, with the purchasing managers' index, or PMI, reaching its highest level in five months, flash survey results from Markit Economics showed Monday. (Oct 24, 2011) Full Article Economy Surviving Turbulence? Domestic economic data released in recent weeks have firmly pointed at a less hostile economic environment, which have been improving in modest steps. (Oct 24, 2011) Full Article Recession Looms In Eurozone As Private Sector Shrinks For Second Month Eurozone private sector economy contracted for a second month in October, signaling possibilities that the currency bloc might re-enter a recessionary phase towards the end of the year, results of a closely watched survey revealed Monday. (Oct 24, 2011) Full Article Eurozone Industrial Orders Rebound In August Industrial new orders in the euro area increased in August after falling in the previous two months, driven mainly by a sharp pick up in demand for capital goods, data released by statistical office Eurostat showed Monday. (Oct 24, 2011) Full Article Commodities Gold Steady Above $1,650 The price of gold was extending gains for a second session Monday morning amid optimism over a solution to the euro zone debt situation. (Oct 24, 2011) Full Article Crude Edges Up Near $88 The price of crude oil edged up Monday morning amid optimism over global economic growth following positive economic data from the Asia. (Oct 24, 2011) Full Article Political News Cristina Fernandez Re-elected Argentine President Cristina Fernandez de Kirchner was re-elected President of Argentina with a landslide majority. (Oct 24, 2011) Full Article UN Renews Commitment To Support Libya As New Leaders Declare Liberation The United Nations has renewed its commitment to help the people of Libya build a brighter future as the transitional authorities declared the full liberation of the North African nation three days after rebel forces killed long-time leader Moammar Qadhafi. (Oct 24, 2011) Full Article Bulgarian Presidential Election Heading For Run-off Bulgarian presidential election has been extended to a second round, as none of the candidates could secure an outright majority in Sunday's first round of voting. (Oct 24, 2011) Full Article EU Foreign Policy Chief Visits China European Union Foreign Policy Chief Catherine Ashton began on Monday a two-day bilateral visit to China. (Oct 24, 2011) Full Article Head Of Task Force For Greece To Visit Athens Tuesday The head of the Task Force for Greece, Horst Reichenbach, will visit capital Athens on Tuesday and Wednesday. (Oct 24, 2011) Full Article Analyst Currency Comments Westpac Sees Muted Trading In USD/Asia Ahead Of Wednesday's EU Announcement Westpac analysts said on Monday that they expect the moves in USD/Asia to be fairly muted ahead of the next major European Union announcement on Wednesday, although higher U.S. equities may push down the currency pairs. (Oct 24, 2011) Full Article Currency Alerts Australian And New Zealand Dollars Rise On Eurozone Recovery Hopes During Asian trading on Monday, the Australian and New Zealand dollars strengthened against their most major counterparts on hopes that the European leaders will find a solution to end the region's debt crisis. (Oct 24, 2011) Full Article Euro Surges Up Ahead Of Wednesday's EU Summit The euro strengthened against other major currencies on Monday ahead of Wednesday's European Union summit, where leaders are expected to hammer out a concrete resolution to the region's debt crisis. (Oct 24, 2011) Full Article Euro Eases From 1- 1/2 -month High Against Dollar In early European deals on Monday, the euro erased its previous session's gains against other major currencies on weak PMI readings from France, Germany and Eurozone. (Oct 24, 2011) Full Article Canadian Dollar Rises To 2-week High Against Euro The Canadian dollar strengthened against most of its major rivals on Monday as crude oil, the nation's pivotal export, rose as somewhat negative outcome from the European Union summit was counterbalanced by positive economic data from China and Japan. (Oct 24, 2011) Full Article General News Turkey Quake Toll Crosses 200 The number of people killed in Sunday's powerful earthquake in Turkey has crossed 200 as rescue teams continued searching for hundreds trapped under rubble. (Oct 24, 2011) Full Article | 
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