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US Vehicle Sales: Cars –18.2%, Trucks –28.3%; total seasonally adjusted 12.44M
Thu, Oct 2 2008, 06:40 GMT
by Nicole Elliott
Quote:
‘I sincerely believe…that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.’ Thomas Jefferson (1743-1826)
The News:
US Vehicle Sales: Cars –18.2%, Trucks –28.3%; total seasonally adjusted 12.44M.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
07:00 GB September Nationwide House Prices M/M, Y/Y, versus –1.9% and –10.5% August.
09:30 GB Q3 Bank of England Credit Conditions Survey.
09:30 GB September Construction PMI (38 to 43 versus 40.5 August).
10:00 EZ15 August PPI (-0.8% to -0.3% M/M, +8.1% to +9.5% Y/Y, versus +1.3% and +9.2% July).
12:45 EZ15 ECB interest rate decision (unanimously expected unchanged at 4.25%); press conference 13:30.
13:30 US Weekly Jobless Claims (432K to 490K, Continuing Claims 3550K to 3610K, vs 493K and 3542K prior week).
15:00 US August Factory Orders (-4.5% to –1.7% versus +1.3% July).
The Psychology:
Holidays in Bahrain, China, Egypt, India, Indonesia, Kuwait, Malaysia, Oman, Pakistan, Qatar, Turkey and United Arab Emirates until Friday; South Korea Friday only.
The Risk:
US Banc of America, Citigroup and JPMorgan are the new quasi -Government Sponsored Enterprises.
Today’s most interesting chart: Euro/Iceland crown
Weakest ever.
Published on Thu, Oct 2 2008, 06:43 GMT
Archive
- US regulators close seven banks yesterday, six in Illinois, bringing total to 52 so far this year
Published On Fri, Jul 3 2009, 06:40 GMT - US June vehicle sales –28% to 9.69 million units, Domestic 7.2M
Published On Thu, Jul 2 2009, 06:30 GMT - A very slow recovery means rates could stay close to zero for years
Published On Wed, Jul 1 2009, 06:40 GMT - Fannie Mae's seriously delinquent mortgages 3.42% vs 1.22% year ago on total $789B portfolio
Published On Tue, Jun 30 2009, 06:22 GMT - The country is not spiralling in to deflation
Published On Mon, Jun 29 2009, 06:41 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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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.Related reports
Weekly Focus - Is it strong enough? by Danske Bank A/S
Fri, Jul 3 2009, 15:00 GMT
Weekly Market Commentary - Libor and Official Interest rates are at their narrowest by Mizuho Corporate Bank
Fri, Jul 3 2009, 14:33 GMT
Your Summer Housing Market Update by Money and Markets
Fri, Jul 3 2009, 12:39 GMT
Friday Notes - W-shaped recovery increasingly probable by UniCredit Group
Fri, Jul 3 2009, 12:08 GMT
Asia Market Update - Most Asian equities indices track the US session declines as nonfarm payrolls data disappoints by TradeTheNews.com
Fri, Jul 3 2009, 11:55 GMT
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