Search
Start the Day
0
0
Standard & Poors downgrades US carmakers to junk; BMW, like Daimler, warns on profits
Fri, Aug 1 2008, 06:30 GMT
by Nicole Elliott
Quote:
‘I get too hungry for dinner at eight.
I like the theatre, but never come late.
I never bother with people I hate.
That’s why the lady is a tramp.’ Lorenz Hart (1895-1943)
The News:
Standard & Poors downgrades US carmakers to junk; BMW, like Daimler, warns on profits.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
07:00 DE June Retail Sales –1.4% M/M, -3.9% Y/Y, versus +0.5% and +0.7% May.
09:00 EZ15 July Manufacturing PMI (47.3 to 47.6 versus 49.2 June).
09:30 GB July Manufacturing PMI (44.0 to 48.5 versus 45.8 June).
13:30 US July Non-Farm Payroll (-50K to –150K, Unemployment 5.5% to 5.6%, versus –62K and 5.5% June).
13:30 US July Hourly Earnings (+0.2% to +0.3%, Workweek 33.6 to 33.8 hours, versus +0.3% and 33.7 June).
15:00 US July Manufacturing ISM (48 to 51, Prices Paid 78 to 91, versus 50.2 and 3107K June).
15:00 US June Construction Spending (-1.0% to +0.4% versus –0.4% May).
The Psychology:
Holidays in Bermuda and Switzerland today, in Canada, Croatia and Iceland Monday.
The Risk:
Partial eclipse of the sun today.
Today’s most interesting chart: Bobl future
Strongest daily close since late May.
Published on Fri, Aug 1 2008, 06:35 GMT
Archive
- It will eliminate 9,200 jobs at Washington Mutual, over 21% of workforce
Published On Tue, Dec 2 2008, 07:26 GMT - Rumours the Bank of Japan will hold an emergency meeting this week
Published On Mon, Dec 1 2008, 07:29 GMT - Thai Prime Minister declares a state of emergency as another explosion hits Mumbai
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
Published On Thu, Nov 27 2008, 07:16 GMT - Anti-government protestors storm airport control tower cancelling flights to Bangkok
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
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]
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 trade 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.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.