Guide to today’s important data and events

Not many economic dockets to be released today, focus on US income spending data.

Data released so far -

• Japan - Coincident index for July dropped marginally to 113.1 from prior 113.3. Leading economic index dropped to 105 from 106.7 for the same period.

• Italy - Business confidence rose to 104.2 in September, while consumer confidence rose to 112.7 from 109.3.

Upcoming -  

• US - US consumer income and spending data along with PCE price index to be released at 12:30 GMT, followed by Pending home sales at 14:00 GMT and Dallas FED manufacturing business index at 14:30 GMT. FED's Tarullo is scheduled to speak at 9:15 GMT, followed by FED' s Evans at 17:30 GMT and Williams at 21:00 GMT.

• Auctions - US will auction 3 month and 6 month bills at 15:30 GMT.