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US August Vehicle Sales –15.6% Y/Y to 1.244M; GM –20.3%; Ford –25.5%; Toyota –9.4%
Thu, Sep 4 2008, 06:35 GMT
by Nicole Elliott
Quote:
‘We cannot change people, places or things – only our reactions.’ Rosie Boycott (1951-)
The News:
US August Vehicle Sales –15.6% Y/Y to 1.244M; GM –20.3%; Ford –25.5%; Toyota –9.4%.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
08:30 SE Swedish Riksbank interest rate decision (50:50 unchanged 4.50% or +25). Auctions Index-linked Treasuries.
11:00 DE July Factory Orders (-3.1% to +2.0% M/M, -4.9% to –0.7% Y/Y, versus –2.9% and –6.1% June).
12:00 GB Bank of England interest rate decision (unanimously expected unchanged at 5.00%).
12:45 EZ15 ECB interest rate decision (unanimously expected unchanged at 4.25%, although Wachovia says 4.00%).
13:15 US August ADP Employment Change (-77K to +15K versus +9K July).
13:30 US Weekly Jobless Claims (405K to 460K, Continuing Claims 3400K to 3500K, vs 425K and 3423K prior week).
13:30 US Q2 final Unit Labour Costs (-0.9% to +1.2%, Non-farm Productivity +2.6% to +4.2%, vs +1.3%/+2.2%).
15:00 US August Non-Manufacturing ISM (48.5 to 52.0 versus 49.5 July).
18:40 US Fed’s Fisher speaks on economic challenges, Houston.
19:30 US Fed’s Yellen speaks on the economy, Salt Lake City.
The Psychology:
Many Asian stock markets dipping below pivotal support at March’s lows.
The Risk:
US vice-president Cheney arrives in Georgia today as they pledge $1B in humanitarian aid.
Today’s most interesting chart: 10-year JGB yield
Higher today as US Treasury yields move lower.
Published on Thu, Sep 4 2008, 06:38 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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