日本語
Español
中文
Русский 
- New York 08:40
- London 13:40
- Barcelona 14:40
- Tokyo 22:40
- Sydney 00:40
Start the Day
8
0
UK probably entering recession
Wed, Oct 22 2008, 06:35 GMT
by Nicole Elliott
Quote:
‘People are addicted to bull***t. Reality is such a bummer for a lot of people but for me reality is a fantastic thing.’ Roseanne Barr (1952-)
The News:
Bank of England’s King says UK probably entering recession and ‘not since the beginning of the First World War has our banking system been so close to collapse. We are far from the end of the road back to stability’.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
00:50 JP August All Industry Activity Index –1.8% M/M versus +0.8% July.
06:00 JP September Supermarket Sales –2.2% Y/Y versus –1.0% August.
08:00 SE Swedish Riksbank starts a two-day interest rate setting meeting (many expect –25 bp to 4.00% from 4.75% in September) as it provides another USD 10B loan to January 16th to ease strains in credit market.
09:30 GB Bank of England Minutes of October 8th MPC meeting.
10:00 EZ15 December 31st Debt:GDP ratio (-0.6% versus –0.6%).
13:30 CA September Leading Indicators (-0.1% to +0.2% versus +0.2% August).
13:30 CA August Retail Sales (-0.9% to +0.3% M/M, Less-Autos –0.8% to +0.6%, versus +0.1% and +0.4% July).
The Psychology:
Panic starts swirling again.
The Risk:
Sharp and/or extreme moves in many instruments with the authorities powerless to stem the tide.
Today’s most interesting chart: Argentina’s Merval Index
Lost 10% yesterday, halved since May, as President Christina plans to nationalise $30B of private pensions to ‘protect’ stakeholders.
Published on Wed, Oct 22 2008, 06:54 GMT
Archive
- An estimated 250K Irish public sector workers to strike today protesting planned pay cuts
Published On Tue, Nov 24 2009, 07:18 GMT - Japanese Labour and Thanksgiving holiday today
Published On Mon, Nov 23 2009, 07:25 GMT - US House Committee postpones vote on banking reforms
Published On Fri, Nov 20 2009, 07:44 GMT - South Korea to limit FX forwards; Taiwan frets over ‘hot money'
Published On Thu, Nov 19 2009, 07:55 GMT - Short term interest rates drop closer to zero
Published On Wed, Nov 18 2009, 07:34 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
Market Session Recaps - London Session by FOREX.com
Tue, Nov 24 2009, 11:33 GMT
European Market Update - German IFO survey hits 15 month highs by TradeTheNews.com
Tue, Nov 24 2009, 11:00 GMT
Top Fundamental Stories - German IFO Climbs to the Highest Level in 15 Months by ecPulse.com
Tue, Nov 24 2009, 10:43 GMT
Daily World Market Update - Dollar's Day of Data; GDP, Consumer Confidence, Fed Minutes by World First UK Ltd
Tue, Nov 24 2009, 08:39 GMT
KBC News Picks - US: Existing home sales at highest level since February 2007 by KBC Bank
Tue, Nov 24 2009, 08:24 GMT
Related content
US 3Q Real Personal Consumption Expenditures increase 2.9%
FXstreet.com | Tue, Nov 24 2009, 13:35 GMT
US 3Q GDP rises 2.8%
FXstreet.com | Tue, Nov 24 2009, 13:34 GMT
CURRENCIES: Dollar Up; Euro Trims Losses On German Ifo Rise
Dow Jones | Tue, Nov 24 2009, 12:55 GMT
ICSC/Goldman Sachs Chain Store Sales Flat From Prior Week
Dow Jones | Tue, Nov 24 2009, 12:45 GMT
Forex: GBP/USD bounces at 1.6495, back above 1.6580 ahead the US GDP
FXstreet.com | Tue, Nov 24 2009, 12:33 GMT
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.