Sorry we haven’t been waking up together for a few days- hope this holds you over this weekend. Don’t be jealous— it’s already the weekend in Asia…but they have to work on Monday, so bam!
RAISE: PBoC ups RRR by 50bps…after the market close, obviously. It’s the 8th increase since last year, now up to 20 percent. This time, though, gold didn’t plunge and the Yen held steady.
HIGH: The yuan (RMB, whatever you wanna call it) hit a new trading high against the dollar.
FROTHY: Ahead of the US open, the Nasdaq is about 27 points away from its highest close in more than 10 years.
SHOP-PING: UK retail sales rose a better-than-expected 1.9 percent last month and 5.3 percent over the last year.
PAREE: The G20 will meet in Paris to attempt to hammer out global imbalances, food prices and commodity trading while breaking croissants.
NO, MERCI: Portugal still says no to a bailout, promising it can still raise money in debt markets.
AU REVOIR: Jeff Bewkes said Time Inc would let go of Jack Griffin who’s been CEO for only 5 months.
CHA-CHING: Dimon snags a $17 million bonus. Blankfein got $12.6 million.
EURO ELVIS: Las Vegas Sands has set its sights on Spain for a Euro version of Vegas. It’s a $20b project in Madrid and Barcelona.
WHAT’S IN A NAME?: To prove there’s a consultant for everything—NYSE Euronext and Deutsche Borse have hired one to name them. My favs are “Stocktoberfest” and “Worldwide Exchange”—obvi.