Economic data

· Economic Data

· SP Aug Hotel Price Index Y/Y: 3.9% v 3.3% prior

· UK Aug Public Finances: £5.0B v £3.5Be || Prior revised to -£13.2B from -£13.1B

· UK Aug Public Sector Net Borrowing: £9.1B v £6.5Be || Prior revised to -£6.3B from -£6.5B

· EU July Industrial New Orders: M/M -4.0% v -3.0%e || Y/Y 10.9% v 10.2%e

· Speakers/Comments

· IMF Rato: Strong currencies have advantages but face competitiveness pressures

· IMF Rato: Change Credit market impact will be felt most in 2008; US to take hardest hit

· IMF Rato: 2008 world growth will remain high, but will fall below levels seen in 2006 and 2007

· IMF Rato: Risks to growth are on the downside, but increase the longer that the crisis goes on

· Commodities

· Goldman Sachs: Forecasts gold at $775/oz in 3 months

· Goldman Sachs: Forecasts gold at $800/oz in 6 months

· Goldman Sachs: Forecasts gold at $750/oz in 12 months

· Merrill Lynch: Oil prices could top $100/barrel in the near term

· Merrill Lynch: Merrill Lynch: Oil prices could top $100/barrel in the near term

· Fixed Income/FX

· EUR/USD: Hits new all time high

· EUR Itailian European affairs Min says EU Summit will discuss the strength of the Euro at its Oct 18th meeting

· BE Sells €1.015B in 4.00% March 2013 OLO 50s with an average yield of 4.317% and a bid-to-cover of 2.266x (vs. 1.53x prior)

· BE Sells €1.345B in 4.00% March 2017 OLO 49s with an average yield of 4.51% and a bid-to-cover of 2.342x (vs. 2.01x prior)

· BE Sells €975M in 5.50% March 2028 March OLO 31s with an average yield of 4.754% and a bid-to-cover of 2.779x (vs. 2.90x prior)

· Asian Data Post Asian Close

· Indian Ministry of Commerce Official: India should not curb the Rupee's appreciation

· * Note that many of the major Asian indices were on holiday today *