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U.K./IRISH DAYBOOK: U.K. October House Prices Increase

U.K. house prices increased in October and transaction levels slipped in a “flat” property market, Acadametrics Ltd. and LSL Property Services Plc said.

WHAT TO WATCH:

*Vivendi’s Universal Music is close to making of bid of about $1.9 billion for Citigroup’s EMI recorded music business and the deal may be announced by the start of next week, the FT reports, citing people familiar with the negotiations.

ON THE FRONT PAGES:

*Gilt Yields Fall as U.K. Becomes Safe Haven: Financial Times

*Axe 50p Tax Now to Save Economy: Daily Telegraph

*Murdoch Claims Truth about Hacking was Hidden from Him: The Guardian

*New Blow for Eurozone as EU Cuts Growth Forecast: The Independent

*See No Evil, Hear No Evil, Speak No Evil: The i

*Death of The Euro: Daily Express

EARNINGS: Preliminary ests., when available. All times BST:

*Rolls-Royce (RR/ LN) 7 a.m., 3Q sales, IMS

*Spectris (SXS LN) 7 a.m., 3Q sales, IMS

GOVERNMENT:

*Nothing scheduled

ECONOMIC DATA:

*11:30 a.m.: U.K. PPI Input NSA M/m; est. -0.3% (prior 1.7%)

*11:30 a.m.: U.K. PPI Input NSA Y/y; est. 14.5% (prior 17.5%)

*11:30 a.m.: U.K. PPI Output nsa. M/m; est. 0.1% (prior 0.3%)

*11:30 a.m.: U.K. PPI Output nsa. Y/y; est. 5.9% (prior 6.3%)

*11:30 a.m.: U.K. PPI Output Core NSA M/m; est. 0.1% (prior 0.3%)

*11:30 a.m.: U.K. PPI Output Core NSA Y/y; est. 3.6% (prior 3.8%)

U.K. monthly output prices increased for a second month, economists estimate.

BOND SALES/PURCHASES:

*11:10 p.m.: U.K. to Sell GBP500 Mln 28-Day Bills

*11:10 p.m.: U.K. to Sell GBP1 Bln 91-Day Bills

*11:10 p.m.: U.K. to Sell GBP1.5 Bln 182-Day Bills

CENTRAL BANKS:

*Nothing scheduled

CORPORATE EVENTS:

*AGM/EGM: BES PL

*Roadshow: DANSKE DC

*TBLI Conference: BNP FP

MARKETS:

*EUR/USD: 1.3625

TV HIGHLIGHTS: Selected Bloomberg TV guests, all times BST:

*6 a.m.: Anibal Cavaco Silva, President Portugal

*6:10 a.m.: Brendan Brown, Mitsubishi Ufj economist

*7:10 a.m.: Charlotte Patrick, Gartner UK

*7:20 a.m.: Salvatore Zecchini, Tor Vergata University

*7:30 a.m.: Steven Richard, GLC chief economist

*8:30 a.m.: Miranda Xafa, IJ Partners, strategist

*8:10 a.m.: Thomas Harjes, Barclays Bank, econommist

*10:10 a.m.: Ian Stannard, Morgan Stanley FX strategist

*3:10 a.m.: Robert J Shapiro, Sonecon

To contact the reporters on this story: Blanche Gatt in London at bgatt@bloomberg.net;

Chris Peterson in London at cpeterson@bloomberg.net

To contact the editor responsible for this story: James Ludden at jludden@bloomberg.net

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