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The SEC's investigation continues
Fri, Aug 15 2008, 06:54 GMT
by Nicole Elliott
Quote:
‘The English are polite by telling lies. The Americans are polite by telling the truth.’
Malcolm Bradbury (1932-2000)
The News:
Morgan Stanley agrees to buy back $4.5B and pay a $35M fine, JPMorgan $3B and $25M, of auction-rate securities. This follows Citi and UBS’s combined $26B and $250M fine. The SEC’s investigation continues.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
13:30 US August Empire Manufacturing Survey (-11 to 0 versus –4.9 July).
13:30 CA June Motor Vehicle Sales (-5.0% to +1.5% M/M versus +1.1% May).
13:30 CA June Manufacturing Shipments (-0.2% to +3.0% M/M versus +2.7% May).
14:00 US June Long Term TIC Flows ($30B to $75B versus $67B May).
14:15 US July Industrial Production (-0.3% to +0.2%, Capacity Utilisation 79.3% to 80.4%, vs +0.5% and 79.9% Jun).
15:00 US August University of Michigan Confidence Survey (56 to 69 versus 61.2 July).
17:30 US Fed’s Evans speaks on the economic outlook, Illinois.
The Risk:
Another small nudge to an even stronger US dollar is possible.
Today’s most interesting chart: Hang Seng Index
Precariously poised on pivotal support.
Published on Fri, Aug 15 2008, 07:27 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
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