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S&P warns that Mexico's BBB+ sovereign rating might be cut

Tue, May 12 2009, 06:51 GMT
by Nicole Elliott

Mizuho Corporate Bank  |  View company's profile


Vote:

9

0

Quote:

‘We don’t do God.’ Alastair Campbell (1957-)


The News:

S&P warns that Mexico’s BBB+ sovereign rating might be cut.


The Numbers:

British Summer Time, with expectations and previous figures in brackets.

00:01 GB April BRC Retail Sales Monitor +4.6% Y/Y, Total Sales +6.3%, versus –1.2% March. Distorted by late Easter.

00:01 GB April RICS House Price Balance –59.9% versus revised –72.1% Mar.

00:30 US Fed’s Bernanke speaks on the stress tests, Georgia. Says the US dollar will be strong.

06:00 JP March Leading Index 76.6, Coincident 84.9, versus revised 74.5 and 85.2 February.

07:00 JP April Machine Tool Orders –80.4% Y/Y versus –85.2% March.

07:00 DE April Wholesale Prices +0.1% M/M, -8.1% Y/Y, versus –0.9% and –8.0% March.

09:30 GB March Trade Balance (-£7.6B to -£6.9B, Non-EU -£4.5B to -£3.9B, versus -£7.3B and -£3.9 February).

09:30 GB March Industrial Production (-1.5% to 0% M/M, -13.4% to -12.1% Y/Y, vs –1.0% and –12.5% February).

09:30 GB March Manufacturing Production (-1.4% to 0% M/M, -14.5% to –13.2% Y/Y, vs –0.9% and –13.8% Feb).

09:30 GB March DCLG House Prices (-15.2% to –12.5% Y/Y versus –12.3% February).

13:30 US March Trade Balance (-$32.5B to -$19B versus -$26B February).

13:30 CA March Trade Balance (-C$1.0B to +C$1.0B versus +C$0.1B February).

16:00 DE ECB’s Weber speaks on the financial crisis, Munich.

19:00 US April Monthly Budget Statement (-$70B to +$80B versus +$159B March).

00:01 GB April NIESR GDP.

00:50 JP March Trade Balance (Mizuho Securities Y140B, Current Account Y750B, vs 202B and 1116B Feb).


The Psychology:

US Pentagon dismisses top Army General in Afghanistan in charge of 80,000 troops.


The Risk:

Re-thinking attitudes to ‘risk’.


Today’s most interesting chart: US 5-year TNote yield

Undoing excesses of last 2 days.

Start The Day



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Vote:

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