Recap 10-10-12

Commentary:

None

Notable:

  • Nearly one in five Americans say they are atheist, agnostic or “nothing in particular.” 1 in 3 between 18-29 fall in this category – Pew
  • Cummins: Sees ’12 revs $17B vs. prior $18B (St $18.1B). “We have lowered our full year revenue forecast for several markets, with the most significant changes in North America heavy duty truck and international power generation markets. Demand in China has weakened in most end markets and we have also lowered our forecast for global mining revenues.”

Upcoming Data:

  • Thu: US Jobless Claims
  • Fri: JPM & WFC earnings, US PPI, U Michigan Confidence, China Trade Data
  • Mon: China CPI, PPI, US Empire Mfg, Retail Sales, BoC Loan Officer Survey
  • Tues: UK CPI, German Zew, EU Trade Balance, US CPI, NAHB Housing Index
  • Wed: BoE Minutes, UK Jobless Claims, China GDP, IP, Retail Sales
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