Economic Calendar Sep 29, 2012 - Oct 6, 2012

(Timezone: GMT 0.0, DST off)

Date	Country	Event	Impact	Previous	Consensus
Sunday Sep 30, 00:00	China	Mid-Autumn Festival
Sunday Sep 30, 23:50	Japan	Tankan Large All Industry Capex	Medium	6.2%	5.5%
Sunday Sep 30, 23:50	Japan	Tankan Large Manufacturing Index	Medium	-1.0	-3.0
Sunday Sep 30, 23:50	Japan	Tankan Large Manufacturing Outlook	High	1.0	-5.0
Sunday Sep 30, 23:50	Japan	Tankan Non - Manufacturing Index	Medium	8.0	6.0
Sunday Sep 30, 23:50	Japan	Tankan Non - Manufacturing Outlook	Medium	6.0	6.0
Monday Oct 01, 00:00	Hong Kong SAR	Chinese Mid Autumn Festival
Monday Oct 01, 00:00	Australia	Labour Day
Monday Oct 01, 00:00	China	National Day
Monday Oct 01, 00:00	Korea, Republic of	Export Price Growth (YoY)	Low	-6.2%
Monday Oct 01, 00:00	Korea, Republic of	Import Price Growth (YoY)	Low	-9.7%
Monday Oct 01, 00:30	Australia	TD Securities Inflation (MoM)	Low	0.6%
Monday Oct 01, 00:30	Australia	TD Securities Inflation (YoY)	Medium	2.2%
Monday Oct 01, 01:00	China	NBS Manufacturing PMI	Medium	49.2	49.8
Monday Oct 01, 03:00	Indonesia	Core Inflation (YoY)	Low	4.14%
Monday Oct 01, 03:00	Indonesia	Inflation (YoY)	Low	4.53%
Monday Oct 01, 03:00	Indonesia	Imports	Low	$16.09
Monday Oct 01, 03:00	Indonesia	Inflation (MoM)	Low	0.62%
Monday Oct 01, 03:00	Indonesia	Trade Balance	Low	$-0.49
Monday Oct 01, 03:00	Indonesia	Exports	Low	$-8.55
Monday Oct 01, 05:00	Japan	Vehicle Sales (YoY)	Low	7.3%
Monday Oct 01, 05:00	Russia	HSBC Manufacturing PMI	Low	50.97
Monday Oct 01, 06:30	Sweden	Purchasing Managers Index Manufacturing (MoM)	Low	45.1
Monday Oct 01, 06:30	India	Trade Deficit Government	Low	$15.5
Monday Oct 01, 07:00	United Kingdom	Halifax House Prices (3m/YoY)	Medium	-0.9%	-0.9%
Monday Oct 01, 07:00	United Kingdom	Halifax House Prices (MoM)	Low	-0.4%	0.0%
Monday Oct 01, 07:00	Poland	Purchasing Manager Index	Low	48.3
Monday Oct 01, 07:00	Hungary	Purchasing Manager Index	Low	49.5
Monday Oct 01, 07:13	Spain	Purchasing Manager Index Manufacturing	Low	44.0	45.5
Monday Oct 01, 07:15	Switzerland	Real Retail Sales (YoY)	Medium	3.2%	5.0%
Monday Oct 01, 07:30	Switzerland	SVME - Purchasing Managers' Index	Medium	46.7	47.3
Monday Oct 01, 07:30	Czech Republic	Purchasing Manager Index	Low	48.7
Monday Oct 01, 07:43	Italy	Markit Manufacturing PMI	Medium	43.6	44.1
Monday Oct 01, 07:48	France	Markit Manufacturing PMI	Medium	46.0	42.6
Monday Oct 01, 07:53	Germany	Markit Manufacturing PMI	Medium	44.7	47.3
Monday Oct 01, 07:58	European Monetary Union	Markit Manufacturing PMI	Medium	45.1	46.0
Monday Oct 01, 08:00	Italy	Unemployment	Low	10.7%	10.8%
Monday Oct 01, 08:00	Norway	Credit Indicator	Low	6.9%
Monday Oct 01, 08:28	United Kingdom	Markit Manufacturing PMI	Medium	49.5	49.0
Monday Oct 01, 08:30	United Kingdom	Consumer Credit	Medium	£-0.2	£0.04
Monday Oct 01, 08:30	United Kingdom	M4 Money Supply (MoM)	Low	0.5%
Monday Oct 01, 08:30	United Kingdom	M4 Money Supply (YoY)	Low	-4.6%
Monday Oct 01, 08:30	United Kingdom	Mortgage Approvals	Medium	47.312	49.0
Monday Oct 01, 08:30	United Kingdom	Net Lending to Individuals (MoM)	Medium	£0.6
Monday Oct 01, 09:00	South Africa	Purchasing Manager Index	Low	50.2
Monday Oct 01, 09:00	European Monetary Union	Unemployment Rate	Medium	11.3%
Monday Oct 01, 10:00	Austria	Unemployment	Low	232.7
Monday Oct 01, 10:00	Austria	Unemployment Rate	Low	6.2%
Monday Oct 01, 12:30	Canada	Industrial Product Price (MoM)	Low	-0.5%	0.2%
Monday Oct 01, 12:30	Canada	Raw Material Price Index	Low	0.9%	1.3%
Monday Oct 01, 12:58	United States	Markit Manufacturing PMI	Medium	51.5	51.5
Monday Oct 01, 14:00	United States	Construction Spending (MoM)	Medium	-0.9%	0.5%
Monday Oct 01, 14:00	United States	ISM Manufacturing PMI	High	49.6	49.8
Monday Oct 01, 14:00	United States	ISM Prices Paid	Medium	54.0	55.0
Monday Oct 01, 14:00	Brazil	Trade Balance	Low	3.227
Monday Oct 01, 16:00	United States	FOMC Member Williams speech	Medium
Monday Oct 01, 19:00	Korea, Republic of	Trade Balance	Low	$5.0
Monday Oct 01, 21:00	Argentina

Posted via email from MT4

Japan Steps Away from Nuclear Power

'As Japan and France move away from nuclear energy, is it the endgame for nuclear proponents? 

As the world slouches into the 21st century, one of the global economic realities is that more and more developing nations, much less the "First World," are competing for fossil fuel resources whose production is rising more slowly than demand.

Complicating the picture are the booming economies of two BRIC nations, India and China, a development that ensures that developed nations will be in increasing competition for global supplies of oil, natural gas and coal, whose production is struggling to keep with increasing demand.

An alternative relentlessly pushed by Western corporate interests is nuclear power, whose proponents never c ease to remind their potential audience that nuclear power plants (NPPs), unlike those fired by coal or oil, emit no greenhouse gases, no small consideration in the world community worried about global warming.

But the global nuclear power industry has three strikes against it - cost, catastrophes, whether man-made (Three Mile Island, Chernobyl) or natural (Fukushima Daiichi) and the not inconsiderable problem of disposing of nuclear waste generated by NPPs. Despite civilian nuclear programs dating back to the early 1960s, no country has yet developed an environmentally safe means of disposing of NPP's nuclear by products, and these three issues are forcing a slow but significant worldwide rethink on the viability of nuclear electrical production.

Needless to say, the well-entrenched world nuclear power generation, with trillions of dollars invested and potentially billions more in the form of new NPP contracts, is fighting a furious rear-guard action, but t he ultimate outcome of the titanic struggle is anything but clear, given a number of recent events.

The United States has 104 NPPs in operation, France - 58, Japan's (currently offline)  54, Russia 32, South Korea 20, India 19, Canada 18, Germany 17, China 11, Taiwan six and Pakistan two, while nations with nuclear power reactors under construction include China with 23, Russia - nine, South Korea - six, India four and Taiwan two.

On 14 September, bowing to public opposition, Japan's government joined Germany and Switzerland in turning away from nuclear power after the March 2011 earthquake unleashed a tsunami that destroyed Tokyo Electric Power Co.'s six-reactor Fukushima Daiichi NPP complex. The decision represents a major about-face by the Japanese government of Prime Minister Yosh ihiko Noda, which before Fukushima stated that the nation's energy policy would increase the country's share of atomic energy to more than half of the country's electricity generation. Noda's government intended to ramp up by 300 percent the country's share of renewable power to 30 percent of its energy mix. Noda's decision earlier this year to restart two NPPs to avoid potential summer power outages, flying in the face of public opinion, energized anti-nuclear protests.

Noda's government's decision to phase out the country's NPPs by both refusing to extend nuclear plant operating licenses beyond 40 years and committing to building no new ones provoked an immediate and predictable backlash from Japan's powerful nuclear energy lobby, which argued that the short sighted decision would boost electricity prices, making industry uncompetitive and complicating efforts to reduce greenhouse gas emissions.

Nearly fifty years ago, when the U.S. led the way in deploy ing civilian nuclear electricity NPPS, proponents excitedly maintained that soon electricity would be "too cheap to measure."

But, while this advertising slogan never panned out, a second nuclear power reality overlooked by proponents of its centrality to a nation's power generation base is the uncomfortable fact that it was in fact born from the stupendously expensive U.S. "Manhattan Project," which produced the nuclear weapons dropped on Japan in august 1945, which both ended World War Two and inaugurated the Cold War. The nexus between civilian electrical power generation and weaponry have existed uneasily since then, as evidenced by the recent international campaign against Iran.

So, what to make of Japan's tepid decision to downsize its nuclear energy commitment? Thoughtful analysts might note that Europe's leading technological powerhouses, Germany and Japan, have apparently decided to pursue energy alternatives to nuclear while France, Europe's le ading user of nuclear energy, is also rethinking its position.

Do Berlin and Tokyo know something that other nations do not? Whatever occurs, expect a vigorous rear-guard action by the global nuclear power industry, as it attempts to preserve its multi-billion dollar industry, starting with them suddenly joining the climate change bandwagon by emphasizing that NPPs generate zero greenhouse gases.

Which, of course, is why former Fukushima residents outside the NPP's 12 mile exclusion zone breathe so much more easily.'

 

Source: http://oilprice.com/Alternative-Energy/Nuclear-Power/Japan-Steps-Away-from-Nuclear-Power.html 

By. John C.K. Daly of Oilprice.com

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Clearing Processing for USD Offshore Chinese Renminbi (CNH) Futures and E-Micro USD/Offshore Chinese Renminbi (MNH) Futures Launch Sunday, Nov. 18, 2012

Clearing Advisory

Date:           September 19, 2012 Notice#:        12-400 To:             Clearing Member Firms; Back Office Managers Subject:        Clearing Processing for USD Offshore Chinese Renminbi (CNH) Futures and E-Micro USD/Offshore Chinese Renminbi (MNH) Futures to Launch Sunday, November 18, 2012 FOR THE FULL TEXT OF THIS ADVISORY : http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv12- 400.pdf This advisory describes CME’s new physically delivered FX futures on the exchange rate between the US Dollar and the Offshore Chinese Renminbi.  These are referred to as Standard USD Offshore Renminbi (USD/CNH) Futures and E-micro USD Offshore Renminbi (USD/MNH) Futures.   The Globex and clearing product codes for the two new futures are CNH and MNH, respectively. Effective on Sunday, November 18, 2012, for the trade date of Monday, November 19, 2012, CME is launching new Standard-size and E-micro-size U.S. Dollar/Offshore Chinese Renminbi (USD/CNH) Futures contracts on CME Globex and CME ClearPort.  These futures contracts feature physical delivery of Offshore Chinese Renminbi (CNH), priced in interbank terms of Offshore Chinese Renminbi per U.S. dollar with associated daily settlement variation banked in Offshore Chinese Renminbi, and fungible (offsetting) on a 10 to 1 basis between the micro and the full-sized contracts. These two new contracts are in addition to CME’s other currently listed U.S. dollar vs. Chinese Renminbi products:  Chinese Renminbi/U.S. Dollar futures and options priced in American-terms of U.S. dollars per Chinese Renminbi with daily pays and collects in U.S. dollars (product code = RMB), and Standard-size and E-micro-size U.S. Dollar/Chinese Renminbi futures (product codes, respectively, CNY and MNY) priced in interbank terms of Chinese Renminbi per U.S. dollar, but with daily implied pays and collects in RMB converted and banked into U.S. dollars.  These currently listed dollar/Renminbi products are unchanged and continue to be listed for trading after introduction of the new contracts. For more information:  For more information, contact CME Clearing at 312-207-2525

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