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US big three car makers told to come back with detailed rescue plans in ten days' time
Fri, Nov 21 2008, 07:34 GMT
by Nicole Elliott
Quote:
‘Who can I tear to pieces if not my friends? If they were not my friends, I could not do such violence to them.’ Francis Bacon (1909-1992)
The News:
US big three car makers told to come back with detailed rescue plans in ten days’ time.
The Numbers:
Greenwich Mean Time, with expectations and previous figures in brackets.
06:00 JP Bank of Japan Monthly Report and interest rate decision: unchanged at 0.30%.
08:30 DE November Manufacturing PMI (40 to 44, Services 46.8 to 48.5, versus 42.9 and 48.3 October).
09:00 EZ15 November Manufacturing PMI (38 to 42, Services 42 to 46, versus 41.1 and 45.8 October).
10:30 DE ECB’s Weber speaks in Frankfurt; Trichet at 13:00.
12:00 CA October CPI (-1.0% to –0.1% M/M, +2.6% to +3.5% Y/Y, vs +0.1% and +3.4% September).
12:00 CA October Core CPI (-2.0% to –0.2% M/M, +1.7% to +2.1% Y/Y, versus +0.4% and +1.7% September).
13:15 US Fed’s Lacker speaks on financial conditions, Maryland. Plosser in Philadelphia ay 17:15.
16:00 FR President Sarkozy meets Zoellick of the World Bank in Paris.
The Psychology:
Labour Thanksgiving holiday in Japan today; Oman, UAE and US on Thursday.
The Risk:
Volatility remains too high to trade several instruments.
Today’s most interesting chart: Benchmark US 30-year TBond yield
Massive swings at an all-time low yield/high price. Note that US 3-month TBills yield 1 basis point!
Published on Fri, Nov 21 2008, 07:38 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
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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