October 22nd – Top Stories

1/ US

 

- Dollar Trades Near 8-Month Low Versus Euro Before U.S. Jobs Data - Bloomberg – By Kristine Aquino & Mariko Ishikawa

 

The dollar traded 0.3 percent from an eight-month low versus the euro as investors look to U.S. employment data due today to help assess the timing for a reduction in Federal Reserve stimulus.
 
The greenback was poised for a monthly slide against most major counterparts ahead of a report that may show the U.S. jobless rate remained above the central bank’s threshold to start paring asset purchases. The yen held losses from yesterday versus its peers as demand for safety waned before figures this week that may show consumer-price gains in Japan held near the fastest since 2008.

 

2/ China

 

- China Sept home prices hit near 3-yr high, add to govt dilemma - Reuters – Editing by Shri Navaratnam

 

China’s home prices rose the most in nearly three years in September, led by a surge in big cities, adding to the threat of a property bubble that is set to test government policy makers ahead of a key economic reform meeting due next month.
 
Average new home prices in 70 major Chinese cites climbed 9.1 percent last month from a year ago, according to Reuters calculations, the biggest rise since the National Bureau of Statistics changed the way it calculated home price changes in January 2011.

 

3/ Eurozone & UK

 

- Greece: Record takings from tourism in first eight months of 2013 - ekathimerini – By Stathis Kousounis
 

Greek tourism registered an all-time record in revenues for the first eight months of the year, as takings in the January-August period amounted to 8.68 billion euros, beating the 2008 record of 8.67 billion.
 
Total revenues for the whole of 2008 came to 11.6 billion, and the head of the Association of Hellenic Tourism Enterprises (SETE), Andreas Andreadis, is anticipating 11.6 billion euros for 2013 too, which would climb to 12.2 billion euros when revenues from cruise tourism are included.