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43% more surveyors reporting rental bids; instructions to let rise at record rate
Tue, Aug 19 2008, 06:44 GMT
by Nicole Elliott
Quote:
‘A healthy environment is one in which we try to make sense of our limits, of the accidents that can always befall us, and the passage of time which inexorably changes us.’ Dr. Rowan Williams (1950-)
The News:
UK RICS July says 43% more surveyors reporting rental bids; instructions to let rise at record rate.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
01:30 AU Reserve Bank of Australia Minutes of monetary policy meeting; less restrictive policy soon to guard against a deep slowdown; decline in inflation unlikely for a while yet.
05:00 JP Bank of Japan interest rate decision; unchanged at 0.50%; 07:00 Monthly Economic Report published.
07:00 DE JULY PPI +2.0% M/M, +8.9% Y/Y (highest since 1981), versus +0.9% and +6.7% June.
07:30 JP Bank of Japan News Conference with governor Shirakawa.
10:00 DE August ZEW Survey (Sentiment –70 to -50, Situation –12.5 to +17.0, versus –63.9 and +17.0 July).
10:00 EZ15 August ZEW Survey (Sentiment -68 to -63 versus –63.7 July).
13:30 US July PPI (+0.1% to +1.0% M/M, +8.8% to +9.6% Y/Y, versus +1.8% and +9.2% June).
13:30 US July PPI Ex-food & Energy (+0.1% to +0.4% M/M, +3.1% to +3.3% Y/Y, versus +0.2% and +3.0% June).
13:30 US July Housing Starts (875K to 1090K, Building Permits 850K to 1040K, versus 1066K and 1138K June).
13:30 CA June Wholesale Sales (0% to +1.5% M/M versus +1.6% May).
15:00 US Fed’s Fisher speaks on the economy, Aspen.
The Psychology:
SNB’s Roth warns that banks could ‘arbitrage’ financial help from central banks.
The Risk:
‘Safe-havens’ become even more expensive.
Today’s most interesting chart: Benchmark US 2-year TNote yield
Testing pivotal support, leading the way lower regardless of equity indices and central banks.
Published on Tue, Aug 19 2008, 06:50 GMT
Archive
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Published On Mon, Nov 17 2008, 07:16 GMT - Russian parliament tries to rush through changes to increase terms of presidency to six years
Published On Fri, Nov 14 2008, 07:19 GMT - Violent street protests in Colombia as slum dwellers loose their savings in pyramid schemes
Published On Thu, Nov 13 2008, 07:21 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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