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Scottish National Party wins Glasgow East, the Labour Party's third safest seat
Fri, Jul 25 2008, 06:40 GMT
by Nicole Elliott
Quote:
‘For the last ten years the Fed’s chairman was a cheerleader for asset markets and supporter of the originate and distribute model. We cannot trust a Fed…driven by politics.’ Stephen Roach (1945-)
The News:
Scottish National Party wins Glasgow East, the Labour Party’s third safest seat.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
00:30 JP July Tokyo CPI +1.6% Y/Y, June Nationwide +2.0%, versus +1.5% and +1.3%.
00:50 JP June Corporate Service Prices +1.2% Y/Y versus +0.7% May.
07:00 DE June Import Price Index +1.5% M/M, +8.9% Y/Y, versus +2.4% and +7.9% May.
09:00 EZ15 June M3 Money Supply (+10.0% to +10.8% Y/Y versus +10.5% May).
09:30 GB Q2 GDP (0% to +0.4% Q/Q, +1.4% to +2.2% Y/Y, versus +0.3% and +2.3% Q1).
13:30 US June Durable Goods Orders (-2.0% to +1.0%, Ex-transport –1.0% to +0.6%, versus 0% and –0.8% May).
15:00 US June New Home Sales (480K to 530K annualised versus 512K May).
15:00 US July final University of Michigan Confidence Survey (54.0 to 57.9 versus 56.6).
The Psychology:
Stock markets to slide as relief rally ends.
The Risk:
Markets focus on banks and economic slow down.
Today’s most interesting chart: Brazil Bovespa Index
Lower again.
Published on Fri, Jul 25 2008, 06:46 GMT
Archive
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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
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