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Start the Day

Fannie Mae's seriously delinquent mortgages 3.42% vs 1.22% year ago on total $789B portfolio

Tue, Jun 30 2009, 06:22 GMT
by Nicole Elliott

Mizuho Corporate Bank  |  View company's profile


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Quote:

‘Words have a sort of extravagant complexity and that is the basis of poetry.’ Griff Rhys Jones (1953-)


The News:

Fannie Mae’s seriously delinquent mortgages 3.42% vs 1.22% year ago on total $789B portfolio.


The Numbers:

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

00:01 GB June GfK Consumer Confidence -25 versus –27 May.

00:30 JP May Jobless 5.2%, Job-to-Applicant 0.44, vs 5.0% and 0.46. Household Spending +0.3% Y/Y vs –1.3%.

02:30 JP May Labour Cash Earnings –2.9% Y/Y, Overtime –17.6%, versus –2.7% and –18.8% April.

06:00 JP June Small Business Confidence 38.0 vs 34.1. Housing Starts 758K Y/Y, Construction Orders record –41.9%.

08:55 DE June Unemployment (+6K to +70K, Unemployed 8.2% to 8.4%, versus +1K and 8.2% May).

09:00 EZ16 May M3 Money Supply (+3.9% to +4.8% Y/Y versus +4.9% April).

09:30 GB final Q1 GDP (-2.2% to –1.9% Q/Q, -4.4% to –4.1% Y/Y, versus –1.9% and –4.1%).

10:00 EZ16 June CPI (-0.3% to 0% Y/Y versus 0% May). 10:30 GB Bank of England’s Tucker speaks at BBA, London.

13:30 CA May Industrial Product Prices (-1.8% to +0.5% M/M versus –0.5% April).

13:30 CA May Raw Materials Price Index (-0.7% to +3.5% M/M versus –0.5% April).

13:30 CA April GDP (-0.4% to +0.1% M/M versus –0.3% March).

14:00 US April CaseShiller Home Prices (-19.4% to –18.0% versus –18.7% March).

14:45 US June Chicago Purchasing Managers (34 to 44 vs 34.9 May). 14:40 EU27 Kroes speaks on financial crisis, Lon.

15:00 US June Consumer Confidence (49.5 to 60.0 versus 54.9 May). 17:00 Fed’s Bullard speaks; Hoenig at 21:10.


The Psychology:

Bernard Madoff sentenced to 150 years in prison; ten other people will be prosecuted.


The Risk:

Thin markets and short week lead to sudden sharp moves.


Today’s most interesting chart: New Zealand dollar

Pushing higher in a right-angled triangle.

Start The Day

Published on  Tue, Jun 30 2009, 06:27 GMT


Mizuho Corporate Bank http://www.mizuho-cb.co.uk | Nicole.Elliot@mhcb.co.uk

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