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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
- 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
Legal disclaimer and risk disclosure
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
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