Algorithmic Trading One Line News
automated trader rss feed

In the Markets

Posted:02/12/2008 8:07 by Eric Culp
* Swiss Nov CPI fell 0.7% m/m and y/y rate slowed to 1.5% (median 2.0) from 2.6 * European calendar also has eurozone Oct PPI, seen down to 7.0% y/y from 7.9% * U.S. calendar has vehicle sales and store sales; auto makers back to Congress * CNY hits bottom of trading band for 2nd day in a row; FXpolicy shift possible * RBA slashed rates by 100bp to 4.25%, said policy now at expansionary setting * BoJ emergency meeting adopted measures accepting corporate debt as collateral * USD held Monday's gains in Asia, JPY also remained firm on risk aversion * Asian regional currency intervention was seen against the INR, KRW and PHP * Asian stock markets mostly sharply lower; China's stocks rose on stimulus hopes * NYMEX crude fell over $1 in Asia, to trade under $48.00; Gold slide continued * U.S. Treasury yields remained under pressure in Asia, holding near record lows * Australia retail sales rose 0.7% m/m in October, contrary to expectations for drop * Australia current account deficit narrowed to -A$9.7 bln in Q3 vs -A$14.0 bln in Q2 * South Korea Q3 GDP revised to +0.5% q/q from advance 0.6%; seen slowing in Q4 * Treasury's Paulson: developing more programs to boost lending, which banks must * Fed's Bernanke: policy constrained by zero-bound, but liquidity actions effective * U.S. NBER business cycle dating cmte pegged peak at Dec-07, recession followed click here to return to the top of the page
  • Copyright © Algorithmic Media Ltd 2009
http://www.icapcharityday.com/