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Toyota will close plants 11 days in February and March
Tue, Jan 6 2009, 07:37 GMT
by Nicole Elliott
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.
Published on Tue, Jan 6 2009, 10:25 GMT
Archive
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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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