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Hundreds of customers start queuing at 4:00 am Monday at IndyMac's branches
Tue, Jul 15 2008, 06:36 GMT
by Nicole Elliott
Quote:
‘Taxpayers have not put up their money to fund the government to be a venture capitalist, particularly as they are going to be buying up the scum end of the market.’ Lord James of Blackheath (1938-)
The News:
Hundreds of customers start queuing at 4:00 am Monday (opens at 9:00 am) at IndyMac’s branches.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
00:01 GB June BRC Retail Sales Monitor Same Store Sales –0.4% versus +1.9% May.
00:01 GB June RICS House Price Balance –88.0% versus –92.9% May; record low properties changing hands.
05:00 JP June Tokyo Condominium Sales –30.0% versus –17.7% May.
07:00 JP Bank of Japan Monthly Report. Leaves rates unchanged at 0.50%. 07:30 Shirakawa press conference.
09:00 GB Bank of England’s Sentence speaks at a BA pensions conference, Windsor.
09:30 GB June CPI (+0.1% to +0.5% M/M, +3.3% to 3.7% Y/Y, versus +0.6% and +3.3% May).
10:00 DE July ZEW Survey (Sentiment –64 to –53, Situation 26 to 36, versus –52.4 and 37.6 June).
10:00 EZ15 July ZEW Survey (-62 to -53 versus –52.7 June).
13:30 US July Empire Manufacturing Survey (-11 to –0.1 versus –8.7 June).
13:30 US June Retail Sales (-0.4% to +1.1%, Ex-autos 0% to +1.6%, versus +1.0% and +1.2% May).
13:30 US June PPI (+0.7% to +1.5% M/M, Ex-food & Energy +0.2% to +0.4%, versus +1.4% and +0.2% May).
13:30 US June PPI (+8.1% to +9.0% Y/Y, Ex-food & Energy +3.1% to +3.3%, versus +7.2% and May).
13:30 CA May New Vehicle Sales (-0.2% to +1.0% versus –2.6% April).
14:00 CA Bank of Canada interest rate decision (unanimously expected unchanged at 3.00%).
15:00 US Fed’s Bernanke delivers Senate semi-annual address on the economy, Washington.
The Risk:
Investors still scurrying around ineffectively.
Today’s most interesting chart: S&P 500
Ends lower Monday after the Fed’s weekend bail-out.
Published on Tue, Jul 15 2008, 06:42 GMT
Archive
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Published On Fri, Nov 28 2008, 07:11 GMT - Indian militants target British and US citizens in Mumbai, killing and setting fire to prominent targets
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Published On Wed, Nov 26 2008, 07:35 GMT
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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