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Rumours the Bank of Japan will hold an emergency meeting this week
Mon, Dec 1 2008, 07:29 GMT
by Nicole Elliott
Quote:
‘That’s all I need – an older woman thinking I’m cool.’ Peaches Geldorf (1989-)
The News:
Rumours the Bank of Japan will hold an emergency meeting this week.
The Numbers:
Greenwich Mean Time, with expectations and previous figures in brackets.
01:30 JP October Labour Cash Earnings –0.1% Y/Y versus revised +0.2% September.
05:00 JP November Vehicle Sales –27.3% Y/Y versus –13.1% October.
07:00 DE October Retail Sales –1.6% M/M, -1.5% Y/Y, versus revised –1.0% and +2.4% September.
08:30 CH November PMI (42 to 48 versus 47 October).
09:30 GB October Net Consumer Credit (£0 to +£1.2B, on Dwellings +£0.8B to +£2B, vs +£0.3B and +£2.2B Sep).
09:30 GB October Mortgage Approvals (28K to 35K versus 33K September).
09:30 GB November Manufacturing PMI (36 to 42 versus 41.5 October).
13:30 CA Q3 GDP (-0.5% to +1.5% Y/Y versus +0.3% Q2).
13:30 CA September GDP (-0.3% to +0.2% M/M versus –0.3% August).
15:00 US November Manufacturing ISM (33.5 to 40, Prices Paid 30 to45, versus 38.9 and 37 October).
15:00 US October Construction Spending (-1.8% to –0.2% M/M versus –0.3% September).
16:00 EU Finance ministers meet, Brussels.
18:45 US Fed’s Bernanke and Fisher speak on the economic outlook, Austin.
20:00 US Treasury’s Paulson speaks on the economy and financial markets, Washington.
Late US November Domestic Vehicle Sales (6M to 8.5M annualised versus 7.9M October).
The Psychology:
Many wondering how Christmas sales will go, especially in the bonus belt.
The Risk:
Tricky sideways markets this week.
Today’s most interesting chart: US Ten-year TNote future
Yet another new record high price.
Published on Mon, Dec 1 2008, 07:33 GMT
Archive
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Published On Mon, Dec 22 2008, 07:29 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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