GERMANY DATA

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• Correct: Japan Noda:To Set Up $100 Bln Fund To Fight High Yen
• Germany: Hesse August CPI -0.2% M/M; Brandenburg -0.1% M/M
• Correct: Japan’s Yosano: No New Tools To Cope With High Yen
• ITALY DATA: August seasonally-adjusted consumer fell.
• GERMANY DATA: BRANDENBURG Aug CPI -0.1% m/m, +2.1%…
• GERMANY DATA: HESSE Aug CPI -0.2% M/M, +1.9% Y/Y;….
• Japan Q2 Output Gap -3.7%, Little Changed From Q1′s -3.8%
• Germany: Saxony Aug CPI -0.1% M/M; Below Pan-German Forecast
• Slovakia Parl President: Oppose EFSF New Size, Powers
• GERMANY DATA: Saxony Aug CPI -0.1% M/M, +2.4% Y/Y;…
• Merkel: No Side Deals For Greek Bailout Collateral: Press
• Germany Govt Coalition Majority In EFSF Vote Unlikely: Press
• MNI Survey: Japan Q2 Capex Seen +1.5% Y/Y, Up for 4th Qtr
• Japan’s Noda To Become PM After Winning DPJ Election
• Japan DPJ Election: Kaieda, Noda Compete In Final Vote
• Bank holiday today in the UK
• Kaieda and Noda in run-off for Japan’s PM position
• ForexLive Asian market wrap: AUD, NZD gain on improved risk appetite
• Japan EconMin Yosano: No new tools to fight high Yen
• Stocks doing well across Asia

Correct: Japan Noda:To Set Up $100 Bln Fund To Fight High Yen Posted: – Correcting 3rd Paragraph To Say Dollar, Not Yen, Loans In Story Published on Aug 24 TOKYO (MNI) – Japanese Finance Minister Yoshihiko Noda on Wednesday said the government will set up an emergency $100 billion facility in a fresh attempt to protect the export-led modest economic recovery from the threat of a continued rise [...]

Germany: Hesse August CPI -0.2% M/M; Brandenburg -0.1% M/M Posted: Hesse CPI August: -0.2% m/m, +1.9% y/y July: +0.5% m/m, +2.2% y/y – Brandenburg CPI August: -0.1% m/m, +2.1% y/y July: +0.5% m/m, +2.2% y/y — Pan-German CPI MNI median forecast: flat m/m, +2.3% y/y MNI forecast range: -0.2% to +0.2% m/m July: +0.5% m/m, +2.2% y/y — BERLIN (MNI) – Consumer prices in the [...]

Correct: Japan’s Yosano: No New Tools To Cope With High Yen Posted: – Correcting 7th Paragraph To Say Dollar Loans, Yen Investments TOKYO (MNI) – Japanese Economic and Fiscal Policy Minister Kaoru Yosano said on Monday that the government does not have any new tools to counter the negative impact of the yen’s rapid rise on the economy. He also told reporters that the government must not [...]

ITALY DATA: August seasonally-adjusted consumer fell. Posted: ITALY DATA: August seasonally-adjusted consumer confidence fell to 100.3 from 103.7 in July, posting the fourth consecutive decline, on worsening sentiment with regard to the future climate and the economy, as well as consumers’ personal situations. Consumers’ sentiment on their personal climate fell to 116.2 from 118.8 in July; confidence in the future outlook fell [...]

GERMANY DATA: BRANDENBURG Aug CPI -0.1% m/m, +2.1%… Posted: GERMANY DATA: BRANDENBURG Aug CPI -0.1% m/m, +2.1% y/y – Brandenburg Aug CPI m/m below MNI pan-Germany survey median

GERMANY DATA: HESSE Aug CPI -0.2% M/M, +1.9% Y/Y;…. Posted: GERMANY DATA: HESSE Aug CPI -0.2% M/M, +1.9% Y/Y; JUL +2.2% Y/Y –Hesse Aug CPI m/m below flat mni median for Germany –For more information, please see MNI MainWire

Japan Q2 Output Gap -3.7%, Little Changed From Q1′s -3.8% Posted: TOKYO (MNI) – Japan’s output gap — excess capacity vs. slack demand — stood at -3.7%, or around Y20 trillion, in the April-June quarter, little changed from -3.8% seen in both January-March this year and the final quarter of 2010, the Cabinet Office said on Monday. The negative output gap widens when gross domestic product [...]

Germany: Saxony Aug CPI -0.1% M/M; Below Pan-German Forecast Posted: Saxony CPI August: -0.1% m/m, +2.4% y/y July: +0.4% m/m, +2.5% y/y — Pan-German CPI MNI median forecast: flat m/m, +2.4% y/y MNI forecast range: -0.2 to +0.2% m/m July: +0.4% m/m, +2.5% y/y — FRANKFURT (MNI) – Consumer prices in the eastern German state of Saxony fell back 0.1% in August, dampening the annual [...]

Slovakia Parl President: Oppose EFSF New Size, Powers Posted: FRANKFURT (MNI)- Richard Sulik, the president of the Slovakian Parliament and leader of a key party, will do all he can to prevent a proposed increase in the size and authority of the European Financial Stability Facility (EFSF), he told Germany’s weekly Welt am Sonntag. “I will do everything to make the legislative proposals fall,” [...]

GERMANY DATA: Saxony Aug CPI -0.1% M/M, +2.4% Y/Y;… Posted: GERMANY DATA: Saxony Aug CPI -0.1% M/M, +2.4% Y/Y; Jul +2.5% Y/Y –Saxony Aug CPI below mni pan-german survey median of flat m/m –Saxony Aug CPI ex-seasonal foods unch m/m, +2.5% y/y –Saxony Aug CPI ex-fuel/heating oil unch m/m, +1.8% y/y –Saxony Aug CPI ex-energy/seasonal foods unch m/m, +1.8% y/y –Saxony Aug motor fuel prices [...]

Merkel: No Side Deals For Greek Bailout Collateral: Press Posted: –Reiterates Opposition to Eurobonds FRANKFURT (MNI) – Greece will not offer exclusive bilateral deals on collateral for its bailout loans, Germany’s Chancellor Angela Merkel said in an interview with German Bild am Sonntag. “It would further undermine the creditworthiness of the country should some aid be backed by special guarantees and other [aid] not. This [...]

Germany Govt Coalition Majority In EFSF Vote Unlikely: Press Posted: –FDP Parliament Spokesman Sets Conditions For Support –Finance Minister Wolfgang Schaeuble Confident In Majority FRANKFURT (MNI) – It appears increasingly unlikely that the parties making up the German government’s coalition government will muster a majority in the upcoming parliamentary vote on boosting the authority and capacity of the European Financial Stability Facility (EFSF), German weekly [...]

MNI Survey: Japan Q2 Capex Seen +1.5% Y/Y, Up for 4th Qtr Posted: – See Separate Table For Details of Individual Forecasts TOKYO (MNI) – Combined investment in equipment (excluding software) by non-financial firms in Japan is expected to have risen 1.5% on year in April-June, posting a year-on-year gain for the fourth straight quarter, according to the median forecast of economists surveyed by Market News International. The [...]

Japan’s Noda To Become PM After Winning DPJ Election Posted: TOKYO (MNI) – Finance Minister Yoshihiko Noda won the ruling Democratic Party of Japan leadership election Monday and is set to become the eighth Prime Minister in 10 years following Naoto Kan’s resignation Friday. In a second, final vote, Noda defeated Economy, Trade and Industry Minister Banri Kaieda with a 215-to-177 majority vote, according to [...]

Japan DPJ Election: Kaieda, Noda Compete In Final Vote Posted: TOKYO (MNI) – Economy, Trade and Industry Minister Banri Kaieda and Finance Minister Yoshihiko Noda are competing for leadership of the Democratic Party of Japan, and Japanese premiership, in a second, final round of voting Monday. The results of the ballots cast by 398 DPJ members in the first round showed Kaieda leading with 143 [...]

Bank holiday today in the UK Posted: I’m not sure if Gerry is in today and after Arsenal’s performance yesterday, I wouldn’t blame him if he’s having then day off! UK financial markets are closed but the rest of Europe is open so there should be some activity. US market’s are expected to open as normal.

Kaieda and Noda in run-off for Japan’s PM position Posted: The TradeMin and FinMin were the leading two after the first round of voting. USD/JPY moved by 1 pip, I think.

ForexLive Asian market wrap: AUD, NZD gain on improved risk appetite Posted: Hurricane Irene by-passed NY and markets should return to normal on Monday Market focuses on IMF’s Lagarde comment that European banks need urgent capitalisation She also warns that world economy is facing new, dangerous phase Trichet: No liquidity problems in Europe Japan’s EconMin Yosano: No new tools to deal with high Yen Regional stockmarkets +1.5% on [...]

Japan EconMin Yosano: No new tools to fight high Yen Posted: These comments won’t be helping the cause but perhaps honesty is the best policy, albeit an unusual one for a politician.

Stocks doing well across Asia Posted: Regional stockmarkets are around 1.5% higher on average. Gold is down $10 from the NY close, currently trading near $1817/oz. The AUD and NZD are the most ‘in demand’ currencies, benefitting from improved risk appetite.