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Germany's Angela Merkel is re−elected, as was Portugal's Jose Socrates

Mon, Sep 28 2009, 06:36 GMT
by Nicole Elliott

Mizuho Corporate Bank


Quote:

‘I can’t let myself be reduced to acting as a wet nurse to my husband, and I can’t stop him making himself ridiculous in front of the whole world.’ Veronica Lario (1956-)


The News:

Germany’s Angela Merkel is re-elected, as was Portugal’s Jose Socrates.


The Numbers:

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

00:50 GB September Hometrack Housing Survey +0.2% M/M, -5.6% Y/Y, versus +0.1% AND –6.7% August.

From today DE September CPI for the different German states.

13:30 US August Chicago Fed Activity Index (versus –0.74 July).

15:30 US September Dallas Fed Manufacturing Activity (-4.0% to +6.5% versus –9.1% August).

15:30 EZ16 ECB’s Trichet testifies at Economic and Monetary Committee, Brussels.

20:40 CA Bank of Canada governor Carney speaks; news conference at 22:00, Victoria.

00:30 JP September Tokyo CPI (Mizuho Securities –1.9% Y/Y, Ex-fresh food –2.1%, versus –1.6% and –1.9% August).

00:30 JP August CPI (Mizuho Securities –2.5% Y/Y, Ex-fresh food –2.4%, versus –2.2% and –2.2% July).


The Psychology:

Yom Kippur holiday in Israel.


The Risk:

Stock markets slip again today.


Today’s most interesting chart: GBP/JPY

Dropping like a stone as JPY gains 4.7% and sterling loses 2.6% versus USD over the last month.

Start The Day


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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