Economic Calendar

Daily Highlights: 5.13.10

  • Asia stocks rally, bond risk falls as Europe debt concern eases; Won gains.
  • Australian employment rises, driving currency higher on rate speculation.
  • Bank of Korea to press government to reduce its involvement in meetings on interest rates.
  • Experts see Europe crisis delaying Fed rate boost.
  • US Prosecutors start criminal probe into Wall Street banks.
  • Yuan Forwards climb as US-China talks may lead to appreciation.
  • Celanese announces emulsions price increases of €80/tonne in Europe, Africa & Middle East.

Daily Highlights: 5.12.10

  • Argentina backs off $1B global bond sale plan after surge in yields.
  • Asian stocks rise on Toyota profit forecast, record gold price.
  • European stocks rise as earnings reports outweigh national deficit concern.
  • German economy unexpectedly grew in first quarter on exports, investments.
  • Gold climbs to record for second day as Euro risk fuels demand.
  • Osborne to set out $9B in emergency UK budget cuts within 50 days.

Daily Highlights: 4.30.09

  • Asian stocks advance as earnings improve, Greek debt crisis eases.
  • Greece has agreed with the IMF and the EU to take additional austerity measures.
  • Japan Household Spending, Wages rise as consumer prices tumble for the 13th month.
  • Steel futures in Shanghai heading for biggest monthly drop since January on demand woes.
  • UK consumer confidence falls to three-month low as election approaches.
  • Yen weakens as Greece aid talks, economic outlook revive demand for yields.
  • Barclays' Q1 net rises 29% to $1.7B, helped by growth at its investment banking operations.
  • Brazil's Embraer posts Q1 net profit of $35.3M vs. year-ago loss of $23.4M.
  • Bristol-Myers' Q1 profit rises 16%, but outlook slips on reform costs.
  • China Construction Bank plans to raise $11B in Asia’s biggest-ever rights offer.

Daily Highlights: 4.28.10

  • Asian shares were sharply lower on Wednesday, as renewed concerns over Greece.
  • BOJ Board said to increase resistance to more stimulus as economy recovers.
  • Concerns over Greece and a stronger yen hurt Japanese exporters, Nikkei fell 2.8%.
  • Fed likely to sound confident note on recovery, signs grow economy is strengthening.
  • German Chancellor Merkel to meet head of European Central Bank, IMF amid Greek debt crisis.
  • Greek collateral concerns trigger surge in bank swaps.

Daily Highlights: 4.27.10

  • Brazilian policy makers poised to raise borrowing costs at the fastest pace since 2003.
  • China may use capital requirements for developers as policy tool to cool property market.
  • Cost of insuring Greece's debt against default soared to a new record.
  • Portugal suffering Greek debt contagion puts pressure on EU's bond markets.
  • Republicans joined in the Senate to block Democrats' overhaul of financial regulation.
  • Shanghai shares down 2.1%, with real estate stocks down on policy concerns.
  • Trend in U.S. home prices may have been positive for first time since 2006

Daily Highlights: 4.23.10

  • Euro, Asian finance stocks fall on Greece concerns.
  • Eurostat agency suggested Greece's debt crisis is worse than investors believed.
  • Geithner harnesses G-20 behind Yuan push as India, Brazil raise pressure.
  • Greece may seek Euro-region bridge loan as $11.3B redemption looms.
  • Japan's bank minister not too keen on financial regulation.
  • Air China swings to profit in 2009 of $709.4M on fuel hedging gains.
  • Amazon.com's Q1 profit jumped 68% to $299M on a 46% rise in revs to $7.13B.

Daily Highlights: 4.22.10

  • Asia stocks decline, Yen gains on concern over Obama financial reform plan.
  • Greek bond yields surged to new crisis highs, a move that coincides with a slump in volumes.
  • Massive fire on an oil rig in the Gulf of Mexico left 11 workers missing.
  • Russia, Egypt seek to raise $8.5B in return to overseas bond market.
  • Singapore to review Hedge, PE funds rules as regulators increase oversight.
  • Altria Group's Q1 earnings rose 38% to $813M on market share gains. Revs up 27%.
  • AMR Corp.'s Q1 loss widened to $505M on higher fuel costs. Revs up 4.7% at $5.07B.
  • AT&T's Q1 profit fell 21% to $2.48B, largely on a health-care charge. Revs flat at $30.65B.

Daily Highlights: 4.21.10

  • Airlines lost over $1.7 billion from ash cloud disruptions over Europe, industry says.
  • Americans see US autos topping Asian competitors.
  • Asian stock markets gain on US corporate earnings, jump in oil price.
  • Chinese bank watchdog orders quarterly tests on property loans.
  • IMF proposes bank tax to fund bail-outs.
  • Oil jumps above $84 in Asia as stocks rally on earnings.

Daily Highlights: 4.19.10

  • Asian stocks fall the most in two months on Goldman Sachs probe.
  • China’s currency appreciation may help it to overtake Japan.
  • China told banks to stop loans for third-home purchases in cities.
  • EU and IMF to discuss new austerity steps.
  • European shares lower, airline shares fall.
  • Home sales, goods orders probably rose, showing US recovery sustainable.
  • SEC, after Goldman, to investigate other firms that may have mislead investors.

Daily Highlights: 4.16.10

  • Asian stock markets were lower Friday with Japanese tech stocks weighed by the strong yen.
  • China has raised down-payment requirements for certain home buyers.
  • China sold U.S. Treasurys for the fourth consecutive in February; holdings down $11.5B.
  • Emerging bond inflows of $10.4B surpass 2005.
  • EU Finance Chiefs meet as Greece moves on bailout.
  • Fed's Yellen says she's growing more confident economy is on 'right track'.
  • Ireland asks church to pay half 1.4B Euro abuse bill.

Daily Highlights: 4.14.10

  • China to increase gasoline and diesel prices by as much as 4.6 percent starting today.
  • China’s property prices rose 11.7% - record pace in March.
  • China's Hu rebuffs Obama on yuan, says Beijing will act in line with domestic interests.
  • Nikkei rises 0.4% as Intel boosts tech stocks.
  • Singapore Dollar surges, Asian stocks climb as global growth accelerates.
  • Singapore unexpectedly revalued its currency, after govt raised forecasts for economic growth and inflation.
  • US economy will probably expand at a moderate pace for the rest of this year -Lacker
  • Yen weakens for 5th day versus Euro on global recovery signs.

Daily Highlights: 4.13.10

  • Asia stocks, metals decline as Alcoa sales miss estimates; Yen strengthens.
  • China may float Yuan by June 30, avoid one-off revaluation, Bloomberg survey.
  • China's biggest banks face $70B capital shortfall, ICBC's Yang says.
  • Global IT spending expected to rise 5.3% in 2010 - Gartner.
  • Hu says China to follow own path on Yuan as Obama pushes for 'market' rate.
  • Profits for big banks dimmed by home-equity loan loss seen at $30B
  • World oil demand to hit record high this year

Daily Highlights: 4.12.10

  • Asian stocks rise as Greece rescue, US data boost risk appeal.
  • Bank of Korea raises growth forecast to 5.2%, fastest pace in four years.
  • Brazil's real poised to rise as rate increase spurs carry trade.
  • Chicago to sell $1.2B O'Hare bonds as issuance recovers.
  • China import surge triggers trade deficit, adds pressure to scrap Yuan peg.
  • Chinese watchdog eyes local loan books; state cos borrow heavily for pet projects.
  • Euro strengthens as stocks, commodities gain on Greek rescue; Bonds fall.

Daily Highlights: 4.9.10

  • China central bank adviser: conditions are right to return the yuan to a managed-float regimen.
  • China may post first trade deficit in six years, undermining Yuan critics.
  • Euro gains against Yen, credit risk drops as Trichet calms Greece concerns.
  • Most Asian markets are higher, with coal stocks giving Australia’s S&P/ASX 200 a lift.
  • Ambac Q4 net income at $558.1M vs. net loss of $2.34B in the same period a year earlier.
  • AMD to book one-time, non-cash gain of $325M on deconsolidation of GlobalFoundries Inc.
  • Apple steps up rivalry with Google, to add own advertising system to iPhone.

Daily Highlights: 4.8.10

  • Asia stocks, oil fall on Japan orders, US credit; Euro weakens on Greece.
  • Australia jobless rate holds at 5.3%; half US level.
  • Bank of Japan may raise forecasts for growth, prices on export-led revival.
  • Bernanke, Dudley say recovery is yet to produce major job gains.
  • Bernanke: Huge US budget deficits threaten the nation's long-term economic health.
  • China will eventually allow yuan to gain.
  • Consumer borrowing falls $11.5 billion in February, reflecting weakness in credit cards and auto loans.
  • China's central government launched a nationwide crackdown on safety violations in mines.
  • Greece to seek support from Asia