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Start the Day

South Korea announces another $11B stimulus package

Mon, Nov 3 2008, 07:36 GMT
by Nicole Elliott

Mizuho Corporate Bank  |  View company's profile


Vote:

6

1

Quote:

‘I was a kitchen porter at the Bank of England for an hour…collecting plates in the cafeteria and I was treated like a slave. They were all so bloody rude it was revolting.’ Neil Morrissey (1962-)


The News:

South Korea announces another $11B stimulus package.


The Numbers:

Greenwich Mean Time, with expectations and previous figures in brackets.

08:30 CH October PMI (43.5 to 47 versus 47.8 September).

08:45 US Fed’s Lacker speaks on monetary policy, Jerusalem.

09:00 EZ15 October PMI (41.2 to 41.6 versus 45.0 September).

09:30 GB October Manufacturing PMI (38 to 42 versus 41 September).

10:30 GB auction result of 4.75% 2030 Gilt.

15:00 US October Manufacturing ISM (39 to 49, Prices Paid 45 to 52, versus 43.5 and 53.5 September).

15:00 US September Construction Spending (-1.5% to –0.2% M/M versus 0% August).

16:00 GB Bank of England’s King, Chancellor Darling and FSA’s Turner testify at Treasury Committee.

16:00 EU27 EU Finance Ministers’ meeting, Marseilles.

Late US October Vehicle Sales versus September.


The Psychology:

Holidays in Japan and Russia. Indonesia Central Bank to buy back rupiah 4T govmnt bonds.


The Risk:

Markets continue in consolidation mode this week.


Today’s most interesting chart: US 3-month TBill yield

Close to zero as long rates back up a little.



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Vote:

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