Morning all.. Wall St, after starting weaker on the Russian Fighter incident, finished marginally higher yesterday but the event has weighed on Asia equities. Nikkei closed down 0.39% and HK is down marginally. There was less good news from the latest MNI business sentiment index reading for China however, which was down 5.7pts to 49.9 and a five month low. Also of note in China is the news that the country’s security regulator has removed the rule requiring brokerages to hold net long positions for any proprietary trading in a sign of a gradual reduction in support measures for equities there. FX markets have been quiet but AUD has edged higher yet again touching a high .7280.. EUR rather trapped but nudging higher through the session but still below 1.0680 resistance. USDJPY lower after the BoJ minutes showed no urgency for more easing. GBP remains weak and Cable under pressure as London walks in. EURGBP buying possible again as Osborne delivers big cuts later today in benefit spending. Markets remain nervous with the geopolitical risks and traders will be watch oil closely. In terms of the day ahead, this morning in Europe it’s set to be a relatively quiet session with just French consumer confidence and Italian industrial orders data due. It’s a packed day for economic releases in the US however ahead of Thanksgiving Day tomorrow. The personal income and spending data for October (which is expected to be solid in light of October’s employment report) will be closely watched, in particular the PCE core and deflator readings. Following this we get more important data with the preliminary October durable and capital goods orders numbers. Good luck.