Premium
- New York
- London
- Barcelona
- Tokyo
- Sydney
Search
Start the Day
UK growth to slow to 1.00% in 2009; house prices tumbling and consumer spending slowing
Mon, Jul 21 2008, 07:36 GMT
by Nicole Elliott
Quote:
‘When you see the abyss, and we have looked into it, then what? There isn’t much room at the edge – one person, then another, not many. If you are there, others cannot be there. If you are there, you become a protective wall. What happens? You become part of the abyss.’ Elie Wiesel (1928-)
The News:
Ernst & Young ITEM Club says UK growth to slow to 1.00% in 2009; house prices tumbling and consumer spending slowing.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
00:01 GB July Rightmove House Prices –1.8% M/M, -2.0% Y/Y, versus –1.2% and +0.1% June.
08:15 CH June PPI (versus +1.2% M/M, +3.9% Y/Y May).
15:00 US June Leading Indicators (-0.5% to +0.1% M/M versus +0.1% May).
16:00 US Treasury auction result of two-year and five-year TNote sales.
The Psychology:
Oceans Day holiday today in Japan.
The Risk:
Markets consolidate.
Today’s most interesting chart: Eurodollar interest rate future
Retreating from 3.00%.
Published on Mon, Jul 21 2008, 07:40 GMT
Archive
- Russia and South Korea intervene to stabilise their currencies
Published On Fri, Sep 5 2008, 06:28 GMT - US August Vehicle Sales –15.6% Y/Y to 1.244M; GM –20.3%; Ford –25.5%; Toyota –9.4%
Published On Thu, Sep 4 2008, 06:35 GMT - Hedge fund Ospraie Management LLC to close after losing 27% of its value in the month of August and 38.59% this year
Published On Wed, Sep 3 2008, 06:34 GMT - State of emergency declared in Bangkok as anti-government protests turn bloody
Published On Tue, Sep 2 2008, 06:30 GMT - Mandatory curfew in New Orleans as 2 million people evacuated ahead of hurricane due later today
Published On Mon, Sep 1 2008, 07:11 GMT
Mizuho Corporate Bank
| 1-3-3, Marunouchi, Chiyoda-ku, Tokyo 100-8210
http://www.mizuho-cb.co.uk | Nicole.Elliot@mhcb.co.uk
Legal disclaimer and risk disclosure
The information contained in this page is based on or derived from information generally available to the public from sources believed to be reliable. No representation or warranty is made or implied that it is accurate or complete. Any opinions expressed in this paper are subject to change without notice. This page has been prepared solely for information purposes and if so decided, for private circulation and does not constitute any solicitation to buy or sell any instrument, or to engage in any trading strategy.Interested in forex trading? forex brokerage firms!
FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)
[Read Premium full description]
Rates
Charts
News
Live
Reports
Other
- Looking for a Broker/FDM?
- Content Contributors
- Premium section
- Workshops and Conventions
- Forex Books
Full Site Map
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management.
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.
