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Start the Day

To spend $43B on the military to counter NATO expansion

Wed, Mar 18 2009, 07:06 GMT
by Nicole Elliott

Mizuho Corporate Bank  |  View company's profile


Vote:

4

0

Quote:

‘A dwelling-house, as such, contributes nothing to the revenue of its inhabitant’. Adam Smith (1723-1790)


The News:

Russian President Medvedev says to spend $43B on the military to counter NATO expansion.


The Numbers:

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

05:00 JP Bank of Japan concludes two-day MPC meeting keeping rates at 0.10%; Monthly Report.

08:15 CH January Retail Sales (versus +3.6% Y/Y December).

09:30 GB Bank of England MPC Minutes of March 4th/5th meeting.

09:30 GB February Jobless Claims (+75K to +95K, Unemployment 3.9% to 4.1%, vs +73.8K and 3.8% January).

09:30 GB January ILO Unemployment (6.4% to 6.6%, versus 6.3% December).

09:30 GB January Average Earnings (+2.8% to +3.2% 3M/Y/Y, Ex-bonus +3.2% to +3.6%, vs +3.2%/+3.6% Dec).

12:30 US February CPI (+0.2% to +0.5% M/M, -0.2% to +0.2% Y/Y, versus +0.3% and 0% January).

12:30 US February Core CPI (0% to +0.2% M/M, +1.6% to +1.8% Y/Y, versus +0.2% and +1.7% January).

12:30 US Q4 Current Account (-$165B to -$116B versus -$174B Q3).

12:30 CA January Wholesale Sales (-5.0% to +0.1% M/M versus –3.4% December).

18:15 US FOMC interest rate decision (many expect –10 to –15 basis points from 0.25%, others unchanged, ING 0%).

19:30 EZ16 ECB’s Weber speaks on mitigating the global crisis, Germany.

20:10 GB Bank of England’s King speaks at a bankers’ dinner, London.

23:50 JP January All Industry Activity Index (Mizuho Securities –2.3% versus –2.7% December).


The Psychology:

Quibbling over bonuses a side issue as bail out plans still unclear and lacking focus.


The Risk:

Ten-year Bund and 30-year Canadian Treasury bond auctions.


Today’s most interesting chart: Swiss Conf bond future

Strongest daily close in months.



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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.
Vote:

4

0

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