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Daily Telegraph poll has Labour at lowest approval rating (23%) since these began in 1943

Fri, May 30 2008, 06:40 GMT
by Nicole Elliott

Mizuho Corporate Bank


Quote:

‘Never go to bed mad. Stay up and fight.’ Phyllis Diller (1917-)


The News:

Daily Telegraph poll has Labour at lowest approval rating (23%) since these began in 1943.


The Numbers:

British Summer Time, with expectations and previous figures in brackets.

00:01 GB May GfK Consumer Confidence –29 versus –24 April; lowest since November 1990.

00:30 JP May Tokyo CPI +0.9% Y/Y, ex-fresh food +0.9%, versus +0.6% and +0.7% April.

00:30 JP April Nationwide CPI +0.8% Y/Y, ex-fresh food +0.9%, versus +1.2% and +1.2% March.

00:30 JP April Jobless 4.0%, Job-to-Applicant ratio 0.93, versus 3.8% and 0.95 March.

00:30 JP April Household Spending –2.7% Y/Y versus –1.6% March.

00:50 JP April Industrial Production –0.3% M/M, +1.8% Y/Y versus –3.4% and –0.7% March.

06:00 JP April Housing Starts 1.151M annualised versus 1.088M March.

07:00 DE April Retail Sales –1.7% M/M, -1.0% Y/Y, vs –1.9% and –6.8% March. 09:30 ECB’s Weber speaks, Frankfurt.

10:00 EZ15 May CPI (+3.3% to +3.7% Y/Y versus +3.3% April). April Unemployment (7.0% to 7.2% vs 7.1% March).

10:30 CH May KOF Indicator (1.03 to 1.15 versus 1.12 April).

13:30 US April Personal Income (-0.4% to +0.3% M/M, Spending 0% to +0.4%, versus +0.3% and +0.4% March).

13:30 US April Core PCE (+0.1% to +0.2% M/M, Deflator +3.0% to +3.2% Y/Y, versus +0.2% and +3.2% March).

13:30 CA March GDP (-0.2% to +0.3% M/M, 0% to +1.1% Q1 Y/Y, versus –0.2% Feb and +0.8% Q4).

13:30 CA April Industrial Production (+0.5% to +2.0% M/M versus +1.7% March.

14:45 US May Chicago Purchasing Managers (44.0 to 51.4 versus 48.3 April). 17:30 Fed’s Rosengren speaks, Boston.


The Psychology:

The Euro is ten years old and parties are being held for it; EU finance ministers meet Monday.


The Risk:

End of May and US investment banks’ half-year. UK British Bankers Association reports on Libor fixings.


Today’s most interesting chart: Benchmark US Treasury 10-year yield

‘Spike high’.

Published on  Fri, May 30 2008, 06:43 GMT


Archive

Mizuho Corporate Bank  | 1-3-3, Marunouchi, Chiyoda-ku, Tokyo 100-8210
http://www.mizuho-cb.co.uk | Nicole.Elliot@mhcb.co.uk

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