Fri, Jul 3 2009, 06:40 GMT
by Nicole Elliott
‘When there’s no future
How can there be sin
We’re the flowers in the dustbin
We’re the poison in your human machine
We’re the future
Your future
God save the Queen.’ The S*x Pistols
US regulators close seven banks yesterday, six in Illinois, bringing total to 52 so far this year.
British Summer Time, with expectations and previous figures in brackets.
08:15 CH June CPI (-0.2% to +0.3% M/M, -1.3% to –0.8% Y/Y, versus +0.2% and –1.0% May).
09:30 GB June Services PMI (49 to 53 versus 51.7 May).
09:30 GB Bank of England’s Q1 Housing Equity Withdrawl (-£10B to -£7B versus -£8B Q4).
10:00 EZ16 May Retail Sales (-0.5% to +0.2% M/M, -3.8% to –2.5% Y/Y, versus +0.2% and –2.3% April).
US Independence Day holiday.
Top-heavy equity indices break below recent lows.
New record high.
Published on Fri, Jul 3 2009, 06:54 GMT
Mizuho Corporate Bank
| 1-3-3, Marunouchi, Chiyoda-ku, Tokyo 100-8210
http://www.mizuho-cb.co.uk | Nicole.Elliot@mhcb.co.uk
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