In the markets

First Published Thursday, 9 July 2009 from Need to Know News

* EZ Mar ESI economic sentiment seen rising to to 65.6 (median same) from 65.4 * UK February mortgage approvals expected to rise 32K (median 33K), after 31K in Jan * European calendar also has ECB speak from Trichet, Weber and Bini Smaghi * UK home prices fell -0.6%m/m in March, 10.3% y/y according to Hometrack * US calendar quiet Monday, features another Fed outright purchase of Treasuries * Canadian calendar has BoC Governor Carney speech * Asian stock losses accelerate on U.S. Auto Task Force report on GM. Chrysler * USD/JPY and JPY crosses slide on risk aversion; cross slide boosts USD v. currencies * US Treasury yields eased amid lower Asian equity markets and U.S. stock futures * NYMEX crude futures fell under $52 on continued global demand concerns * GM's Wagoner is leaving GM; U.S. Auto Task Force warns bankruptcy an option * Expectations for G20 meeting are quickly diminishing; fiscal stimulus moves unlikely * Financial institution support seen in UK, Germany and Spain over weekend * Japan Feb industrial output plunged 9.4% m/m (median: -9.1%), but plans for pick-up * NZ Feb dwelling consents rose 11.6% m/m but down 40% y/y
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