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Greek PM Sees Yes Vote In Referendum

fxbom.com
09:46 AM

CANNES — Greek Prime Minister George Papandreou said Tuesday he is confident Greeks will vote “yes” for the country to continue being part of the euro zone in a referendum on Dec 4, and to accept further austerity measures.

“The Greek people are wise and capable of making the right decisions for the benefit of our country,” Papandreou said. “A positive decision by the Greek people is not only a positive decision for Greece, it is a positive decision for Europe … I want to say that we will have a yes (vote) in the referendum.

Australian September Retail Sales +0.4% Vs +0.4% Consensus

fxbom.com
09:45 AM

SYDNEY -(Dow Jones)- Australian retail sales rose a seasonally adjusted 0.4% to A$20.91 billion in September from A$20.82 billion in August and rose 0.6% from A$20.44 billion a year earlier, the Australian Bureau of Statistics said Thursday.

Economists surveyed ahead of the announcement on average had expected a rise of 0.4% in sales for September. Sales had risen 0.6% in August.

The bureau said the trend estimate for retail sales rose 0.3% to A$20.84 billion in September on month. The trend estimate further smoothes the seasonally adjusted numbers.

German Oct New Car Registrations 1% On Year – VDIK

fxbom.com
06:11 PM

FRANKFURT -(Dow Jones)- German October new car registration rose 1% from a year earlier, a sharply slower pace than the on-year growth of 8.1% in September, the German international vehicle manufacturing association VDIK said.

MAIN FACTS:

-October new registrations were down 7.9% from September’s 280,800 registrations.

-A total of 258.000 new cars were registered in October, bringing the the number for the first ten months of the year to 2.66 million.

-For the January-October period new car registrations were up 9.8% from the year-earlier period.

Italy’s Financial Stability Committee To Meet Wednesday

fxbom.com
06:09 PM

MILAN -(Dow Jones)- The Italian Financial Stability Safeguard Committee will meet Wednesday at 1400 GMT to discuss economic issues, Economy Minister Giulio Tremonti said early Wednesday in an emailed statement.

Among those attending the meeting, to be held in Rome, are Tremonti; Treasury Director General Vittorio Grilli; the head of Italy’s market watchdog, Consob, Giuseppe Vegas; the newly appointed Governor of the Bank of Italy Ignazio Visco; and the head of the insurers regulator Giancarlo Giannini.

Tremonti decided to call the meeting after Italian government bonds rose Tuesday to over 6%, a level at which government borrowing becomes unsustainable.