The Day Today 12 Sept

* RBNZ become first G10 central bank to signal rate hikes: “OCR increases will likely be required next year…We expect to keep the OCR unchanged in 2013” http://bit.ly/13PPgqO * But Governor Wheeler tries to talk down the ccy: “Overvalued NZD is a problem…would like to see a weaker NZD”  {NSN MSZQ0R6K50YQ <go>}

* Putin writes in NYT urging caution over Syria: ‘Recent events…have prompted me to speak directly to the American people and their political leaders…we were allies once, and defeated the Nazis together. The universal international organization — the United Nations — was then established to prevent such devastation from ever happening again.’ http://nyti.ms/15SU5mM

* AUD employment data disappoints: -10k vs +10k exp and -10k prior, unemployment rate edges up to 5.8% from 5.7%

ECB * Asmussen Says OMT May Help States Back to Bond Markets  {NSN MSYZLH6TTDT5 <go>} * Knot says OMT needed until debt moves under 60% threshold, and ‘that may take a decade’  {NSN MSZA316TTDSF <go>}

* FT: Sterling’s jump fuels doubts over Mark Carney’s rates guidance  http://on.ft.com/15YAc74 * BOE Miles: UK recovery is ‘only just starting’ and higher mkt rates are ‘reflection of good economic news’ {NSN MSYYST6JTSE8 <go>} * Some believe EUR/GBP hedges could be unwound if Vodafone/Kabel Deutschland deal falls through. Times: Vodafone burns midnight oil with deal in balance http://thetim.es/15TAnaw

* MNI’s Steve Beckner: No Sign From Fed Start of Taper Should Be Delayed

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