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US $700B rescue package rejected by politicians
Tue, Sep 30 2008, 06:54 GMT
by Nicole Elliott
Quote:
1929: ‘The most expensive orgy in history.’ F. Scott Fitzgerald (1896-1940)
The News:
US $700B rescue package rejected by politicians. Irish government to guarantee bank deposits
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
00:01 GB September GfK Consumer Confidence –32 vs –36 August. 01:45 US Fed’s Hoenig says must protect USD.
00:30 JP August Jobless 4.2%, Job-to-Applicant Ratio 0.86 , versus 4.0% and 0.89 July.
00:30 JP August Household Spending –4.0% Y/Y, Housing Starts +53.6%, versus –0.5% and +19.0% July.
00:50 JP August Industrial Production –3.5% M/M, -6.9% Y/Y, versus +1.3% and +2.4% July.
06:00 JP September Small Business Confidence 40.2 versus 41.4 August.
07:00 DE August ILO Unemployment 7.2% versus 7.3% July.
From today DE August Retail Sales (-1.0% to +1.0% M/M, -4.0% to –0.4% Y/Y, versus –1.5% and 0% July).
08:55 DE September Unemployment (-65K to +10K, 7.6% to 7.7%, versus –40K and 7.6% August).
09:30 GB Q3 final GDP (-0.1% to +0.1% Q/Q, +1.3% to +1.4% Y/Y, versus 0% and +1.4%).
10:00 EZ15 September CPI (+3.5% to +3.8% Y/Y versus +3.8% August).
13:30 CA July GDP (0% to +0.3% M/M versus +0.1% June).
13:30 CA August Raw Material Prices (-0.8% to +0.5%, PPI -1.0% to +0.2%, vs +1.4% and +0.4% July).
14:00 US July Case Shiller House Prices (-16.5% to –14.5% Y/Y versus –15.9% June).
14:45 US September Chicago Purchasing Managers Survey (49 to 57 versus 57.9 August).
15:00 US September Consumer Confidence (50 to 66 versus 56.9 August). 17:00 ECB’s Trichet speaks, Frankfurt.
The Psychology:
Holidays in China, Israel, Saudi Arabia, Turkey and United Arab Emirates today. Also Bahrain, Egypt, Hong Kong, Kuwait, Malaysia, Oman, Qatar and Singapore Wednesday and Thursday, South Korea Friday.
The Risk:
Last day of the month and of Q3 2008. Watch charts for important breaks.
Today’s most interesting chart: Dow Jones Industrial Average
Biggest ever one-day fall.
Published on Tue, Sep 30 2008, 07:02 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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