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FYI: Regards, Ted Europe: European indexes are called cautiously higher as investors cling to the hope that, even if QE fades into history, ultra-low interest rates will be very much part of the future. Of course European regulators’ bank stress tests are still being mulled, with Italy finding itself the focus of some more unwelcome attention as it was home to the lion’s share of lenders which were judged to have failed.
Asia: The Asian data calendar is light Tuesday, but one thing worth noting is Japan’s preliminary retail sales report for September. Last month, the data were up 1.2% on the year. Japanese consumers need to spend, badly. These data, and the household spending numbers due on Friday, have consistently been disappointing.
