• Home ::
• Technical ::
• Market View ::
• Start the Day

• Send
• Print
• Add To
• Rss

Start the Day

acd5e2e1-4779-494a-8c9e-39c722ae6db1

4

1

Toyota will close plants 11 days in February and March

Tue, Jan 6 2009, 07:37 GMT
by Nicole Elliott

Mizuho Corporate Bank

Quote:

‘The only reason I would take up jogging is so that I could hear heavy breathing again.’ Erma Brombeck (1927-1996)

The News:

Toyota to close Japanese plants for 11 days in February and March to reduce stocks of unsold cars.

The Numbers:

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

(22:00) US December Total Vehicle Sales 10.28M versus 10.13M November; Chrysler –53%.

(23:50) JP December Monetary Base +1.8% Y/Y versus +1.9% November.

00:01 GB December Nationwide Consumer Confidence 47 versus revised 51 November.

07:00 GB December Nationwide House Prices –2.5% M/M, -15.9% Y/Y, versus –0.4% and –13.9% November.

09:30 GB December Services PMI (37.5 to 40.5 versus 40.1 November).

10:00 EZ15 December CPI (+1.6% to +1.9% Y/Y versus +2.1% November).

13:30 CA November Industrial Product Price (-2.3% to –0.5% M/M versus 0% October).

13:30 CA November Raw Materials Prices (-10.0% to –8.0% M/M versus –12.5% October).

15:00 US December Non-Manufacturing ISM (34.5 to 42.0 versus 37.3 November).

15:00 US November Factory Orders (-3.5% to –0.4% versus –5.1% October).

15:00 US November Pending Home Sales (-5.0% to +1.5% M/M versus –0.7% October).

19:00 US Fed Minutes of December 16th FOMC meeting.

00:01 GB December Nationwide Consumer Confidence (versus 50 November).

The Psychology:

Epiphany holiday in several countries; Orthodox Christmas in others tomorrow.

The Risk:

Markets tentatively looking for direction.

Today’s most interesting chart: Australian dollar

Inching higher, strongest close since October 3rd.

• Download Full Start The Day

Published on  Tue, Jan 6 2009, 10:25 GMT