Quote:
‘Fast is fine but accuracy is everything.’ Xenophon (c. 431-354 BC)
The News:
Mizuho Financial Group to provide financial aid/an alliance with scandal-hit Nikko Cordial Corp.
The Numbers:
Greenwich Mean Time, with expectations and previous figures in brackets.
05:00 JP February Small Business Confidence 48.8 versus 48.5 January.
07:00 DE January Import Price Index M/M, Y/Y, versus –0.3% and +2.2% December.
08:00 EU Finance Ministers meeting in Brussels.
09:00 EZ January M3 Money Supply (+9.1% to +9.8% Y/Y versus +9.7% December).
09:30 GB January BBA Mortgage Approvals.
13:30 US January Durable Goods (Mizuho Securities +1.0%, Ex-Transport –1.0% to +1.5%, vs +2.9%/+2.7% Dec).
15:00 US February Consumer Confidence (Mizuho Securities 108.0 (range 105 to 111) versus 110.3 January).
15:00 US January Existing Home Sales (Mizuho Securities 6.2M and –0.3% versus 6.22M and –0.8% December).
23:50 JP January Industrial Production (Mizuho Securities –2.1% M/M, +3.7% Y/Y, vs +0.9% and Dec).
23:50 JP January Retail Trade (Mizuho Securities +0.1% Y/Y versus –0.2% Dec).
23:50 JP January Large Retailers’ Sales (-4.0% to +0.2% Y/Y versus –2.4% December).
The Psychology:
Friday the 9th of March is the closing day for voting in the Euromoney magazine annual FX poll. To express your views please click on the following link: http://www.euromoney.com/fxpoll2007
The Risk:
CPI data for the different German states released as from today.
Today’s most interesting chart:
Benchmark US 30-year TBond yield Dropping again.
