Quote:
‘One of the biggest challenges for men is correctly to interpret and support a woman when she is talking about her feelings. The biggest challenge for women is correctly to interpret and support a man when he isn’t talking.’ John Gray (1951-)
The News:
US top Fortune 500 companies’ profits drop by 85% to $99B in 2008; Exxon the biggest firm.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
00:01 GB April Rightmove House Prices +1.8% M/M, -7.3% Y/Y, versus +0.9% and –9.0% March.
07:00 JP Bank of Japan’s Shirakawa and finance minister Yosano speak at Trust Banks’ Annual Meeting, Tokyo.
08:00 JP March Convenience Store Sales Y/Y versus +2.0% February.
08:00 SE Swedish Riksbank starts a two-day rate-setting meeting.
13:30 CA February International Securities Transactions (versus C$10.42B January).
14:00 US Fed’s Evans speaks at money management event, Chicago.
15:00 US March Leading Indicators (-0.6% to +0.4% versus –0.4% February).
16:00 US auction result of five-year TIPS sale.
00:30 US Fed’s Kohn speaks on the economic outlook, Delaware.
The Psychology:
Orthodox Easter holidays in some countries today.
The Risk:
Messy random uninspiring market moves.
Today’s most interesting chart: LME 3-month Tin
Bursting through the Ichimoku ‘cloud’.
