Morning Update – 30/10/15 – 07:46:32

Morning all.. US stocks fell as momentum stalled on this busy week with S&P down marginally but Asia has had a mixed session as the BoJ refrained from adding stimulus.. Rather surprisingly the Nikkei, after dipping on the announcement, closed up 0.78% but HK stocks were lower. There was a story late in the session that they will be adding strongly to the easing programme towards the end of the year and it is this that seems to be the catalyst for a bounce in both Nikkei and USDJPY. USDJPY hit 120.30 but has since rallied with the Nikkei. Japanese consumer prices fell again in September, lengthening the shadows over the country’s efforts to defeat deflation, according to government data.The core consumer price index slipped 0.1% from a year earlier in September, down for a second straight month and matching August’s decline. Nikkei- Japan to draw up 3tn yen supplementary budget – The Japanese government is planning to draw up a supplementary budget for fiscal 2015 ,which ends next March, worth more than 3 trillion yen ($24.6 billion) but will not issue new government bonds to finance it. The government will consider increasing the amount if it concludes more economic stimulus is needed after the release of July-September gross domestic product data on Nov. 16. This morning we get French consumer spending and PPI, Spanish GDP and Italian PPI data.. good luck.