Quote:
‘We can either take the life that is handed to us as it appears or reinvent ourselves and become the person we want to be and imagine to be.’ Hugh Hefner (1927-)
The News:
Qatar government buys investment portfolios of local banks.
The Numbers:
Greenwich Mean Time, with expectations and previous figures in brackets.
(23:50) JP February Money Supply M2 +2.1% Y/Y, Bank Lending, versus +1.9% January.
(23:50 JP January Trade Balance –844B Yen, Current Account record –172B, versus -197B and +125B December.
04:30 JP February Bankruptcies +10.4% Y/Y versus +15.8% January.
05:00 JP February Economy Watchers’ Survey 19.4, Outlook 26.5, versus 17.1 and 22.1 January.
06:45 CH February Jobless 3.1% S/A versus 2.9% January.
08:30 Eurozone Finance Ministers’ meeting, Brussels.
09:30 EZ16 March Sentix Investor Confidence (versus –36.1 February).
12:15 CA February Housing Starts (135K to 158K versus 153.5K January).
00:01 GB February BRC Retail Sales Monitor (versus 1.1 January).
The Psychology:
Many on holiday for Muhammad’s birthday.
The Risk:
Stock markets slip again.
Today’s most interesting chart: 10-year Gilt yield
Very big decline on Quantitative Easing.
