Stock markets around the world have been drifting overnight, trading flat to slightly lower overall, except in Japan which got a bump from better than expected machine orders. News flow has been pretty quiet since Apple’s big product launch announcements yesterday. European industrial production numbers came in soft keeping the pressure on the ECB to deliver more stimulus and soon. UK markets have stabilized for now but could move again at any time depending on poll results and swings in sentiment heading into next week’s Scottish Referendum. US indices are heading for a mixed open while USD is also having a mixed performance day with the street looking for something new to chew on while waiting for next week’s FOMC meeting. SEK, NOK and GBP are trading a bit higher today, CAD, gold, oil and EUR are basically flat, NZD, JPY and particularly AUD remain in retreat. Tonight brings a flurry of Asia Pacific news so we could see some positioning ahead of those numbers. The RBNZ announces its latest rate decision at 5:00 pm ET today. Although it is expected to continue its pause on rates, any comments (or the lack of comment) on the Kiwi Dollar could attract attention considering it has fallen over 5 cents or 5.8% since the RBNZ talked NZD down at its last meeting. Also on tap for today is the Chinese inflation report and Australian employment. The Hang Seng on its return to trading, AUD and copper may be active on these reports. Economic News Economic reports released overnight and this morning include: France industrial production 0.1% vs street (0.3%) France manufacturing prodn 0.2% as expected Spain industrial output 0.8% vs street 1.4% Norway producer prices (3.3%) vs previous (1.7%) Norway consumer prices 2.1% as expected Greece consumer prices (0.2%) vs street (0.5%) Japan producer prices 3.9% vs street 4.1% Japan machine orders 1.1% vs street 0.5% Australia consumer confidence 94.0 vs previous 98.5 Economic reports due later today include: 10:30 am EDT US crude oil inventories street (1.5 mmbbls) 5:00 pm EDT NZ interest rate decision 3.50% no change expected