Quote:
‘Thanks for the memory
And strictly entre nous, darling, how are you?
And how are all the little dreams that never did come true?
Awfully glad I met you, cheerio, and toodle-oo
Thank you,
Thank you so much.’ Bob Hope (1903-2003)
The News:
Wall Street Journal reports US government to increase its stake in Citigroup.
The Numbers:
Greenwich Mean Time, with expectations and previous figures in brackets.
05:00 JP January Supermarket Sales –2.7% Y/Y versus –2.8% December.
From today DE January Wholesale Price Index (-2.1% to –0.5% M/M, -6.6% to –5.1% Y/Y, vs –3.0% and –3.3% Dec).
From today GB February Nationwide House Prices (-1.5% to –0.9% M/M, -17.1% to –16.5% Y/Y, vs –1.3%/–16.6%).
08:00 EZ16 ECB’s Trichet speaks at European Securities regulators’ forum, Paris.
13:30 CA December Retail Sales (-3.3% to –2.0% M/M, Ex-autos –2.5% to –0.9%, vs –2.4% and –2.3% November).
17:40 US Fed’s Lockhart speaks on the US economy, Florida.
23:00 US Fed’s Fisher speaks on the financial crisis, Harvard University.
23:50 JP January Corporate Service Price (-3.1% to –0.7% versus –2.5% December).
23:50 JP Bank of Japan Minutes January 22nd MPC meeting.
The Psychology:
Carnival holidays in several countries until Ash Wednesday.
The Risk:
Japanese lender to small companies SFCG Co Ltd goes bankrupt with debts of $3.6B.
Today’s most interesting chart: Stoxx 50
Lowest weekly close since December 1996.
