Added: Dec 5, 2008

From: Saxobankvideo

Duration: 7:13

Risk Aversion Across The Board As Equities Turn South Yet AgainFurther direction to the health of U.S. economy will be gained with the release of June Durable Goods Orders, scheduled for 12:30 GMT. Overnight News BulletsGE PMI Manufacturing (Jul A) out at, 50.9 vs. 52.0 exp. 52.6 prior.GE PMI Services (Jul A) out at, 53.3 vs. 51.5 exp. 52.1 prior.SW PPI MoM/YoY (Jun) out at, 0.5%/3.0% vs. 0.4%/2.9% exp. 0.1%/2.9% prior.SW Unemployment (Jun) out at, 8.1% vs. 7.3% exp. 5.9% prior.GE IFO -- Business Climate (Jul) out at, 97.5 vs. 100.1 exp. 101.3 prior.GE IFO -- Current Assessment (Jul) out at, 105.7 vs. 106.5 exp. 108.3 prior.GE IFO -- Expectations (Jul) out at, 90.0 vs. 93.2 exp. 94.7 prior.E-Z Euro-Zone Current Account SA/NSA (May) out at, -7.3B/-21.4B vs. --/-21.4B exp. -0.3B/-9.2B prior.E-Z PMI Manufacturing (Jul A) out at, 47.5 vs. 48.7 exp. 49.2 prior.E-Z PMI Services (Jul A) out at, 48.3 vs. 48.8 exp. 49.1 prior.E-Z PMI Composite (Jul A) out at, 47.8 vs. 49.0 exp. 49.3 prior.UK Retail Sales MoM/YoY (Jun) out at, -3.9%/2.2% vs. -2.6%/4.4% exp. 3.5%/8.1% prior.US Initial Jobless Claims (Jul 19) out at, 406K vs. 380K exp. 366K prior.US Continuing Claims (Jul 12) out at, 3107K vs. 3160K exp. 3122K prior.US Existing Home Sales (Jun) out at, 4.86M vs. 4.94M exp. 4.99M prior.US Existing Home Sales MoM (Jun) out at, -2.6% vs. -1.0% exp. 2.0% prior.US EIA Natural Gas Storage Change (Jul 18) out at, 84 vs. 80 exp. 104 prior.JN Tokyo CPI (Jul) out at, 1.6% vs. 1.8% exp. 1.5% prior.JN National CPI (Jul) out at, 2.0% vs. 1.9% exp. 1.3% prior.MarketsFX: EURUSD well supported, ahead of Durable Goods, Carry trades getting hit on return of risk aversion.Fixed Income: Treasuries stronger as equities are back under pressure, and economic sentiment is weakStocks: Equities selling off across the board, as sentiment turns negative yet again.Commodities: Commodities recover as USD is weakened, Crude back above $126.

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