S&P: Small shooting star candle yesterday against the important 2960 chart level hints at an interim high. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

Japan’s cloudy outlook gets gloomier Third worst reading since 2009

Data released in Tokyo this morning showed that the outlook for September’s Economy Watchers Survey dropped from 39.7 to 36.9 over the month. This is the lowest its been in a while and the weakest since 2009; keep in mind that the record low for this series was 21.2 in December 2008. This mirrors sentiment data from the EU published last week.

Published yesterday by the British Retail Consortium, UK September retail sales were the worst on record. They declined by 1.7 per cent on a like-for-like basis over the year, total sales falling by 1.3 per cent, the fourth negative reading since March. Online sales of non-food items saw their slowest growth since records began in 1995.

Financial Markets and Political Commentary
 

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