Economic Calendar

Daily Highlights: 6.2.10

  • Asian stock markets were mostly lower with the Japanese market somewhat volatile.
  • Australia's economic growth slows in first quarter as businesses cut spending.
  • Corn syrup producers acknowledge opponents are souring US market for common sweetener.
  • EU antitrust regulators to probe Siemens and Areva nuclear non-compete deals.
  • EU ministers affirming commitment to adding western Balkan countries to the Union.
  • Japanese PM will quit in less than nine months after taking office, on US base row.
  • Tobacco loophole in Obama's child health law costs US $250M as companies avoid huge tax hike.

Daily Highlights: 6.1.10

  • Asian stocks fall on Japan political concern, China growth.
  • China's manufacturing expands at slower pace as economic growth moderates.
  • China supercomputer named second-fastest in global list.
  • ECB expects additional $239.26B in write-downs by European banks.
  • ECB states rating firms aggravates crisis.
  • Euro-zone unemployment tops 10% in April.
  • Euro moved lower against USD, Yen, on German Pres. Köhler's unexpected resignation.

Daily Highlights: 5.28.10

  • Asia stocks rise for a third day after US shares rally; Euro declines.
  • China's foreign-exchange regulator denied it is reviewing its holdings of euro-zone debt.
  • European banks are increasingly hoarding cash while borrowing far less.
  • Greece may yet have to restructure its debt, despite assurances to the contrary from EU, IMF.
  • Japanese prices decline, unemployment rises in signs recovery is slowing.
  • Workers protested French govt plans to raise the retirement age past 60 years old.
  • BP puts total cost to date at $930M; 'top kill' may take another 24 to 48 hours.
  • KKR, Bain Capital hire Goldman Sachs for a $1B IPO of Toys R Us Inc.

Daily Highlights: 5.27.10

  • China to have surplus diesel and gasoline next year, accdg. to PetroChina
  • Europe crisis chokes Asia-Pacific loan market on concern exports to slump.
  • Hedge funds inflows to Asian managers will surge this year, accdg. to Barclays
  • Japanese exports increase for fifth month as Asian recovery boosts demand.
  • Asian shares gain as global sell-off eases; Won, Kiwi advance against Yen.
  • China's $300B sovereign fund will maintain investment in Eurozone, Xinhua says.

Daily Highlights: 5.26.10

  • Asia stocks, copper, oil rebound on speculation China's demand to increase.
  • Bernanke says central banks must be free from politics to prevent crises.
  • China shares flat amid Europe debt woes.
  • Durable goods orders, Home sales probably rose as US recovery broadens: survey.
  • Euro declines third day on concern European budget cuts will damp growth.
  • Geithner to discuss with European finance officials efforts to promote continued economic recovery.
  • German consumer confidence down due to unsettled euro.
  • Greece discusses privatizations as finance ministry investigates its own for tax evasion.

Daily Highlights: 5.25.10

  • Britain's 1Q GDP growth revised upward to 0.3 percent from 0.2 percent.
  • China cabinet agency urges action against rising food prices as higher inflation lurks.
  • China, US sidestep Yuan confrontation as Europe dominates Beijing talks.
  • Credit risk soars as Korea tension, Euro slump spook investors.
  • Denmark reaches deal to trim public spending by $4.37 billion over 3 years.
  • EU economy chief warns Europe will stagnate without major economic reforms
  • European banks forced to pay more for short-term dollar borrowings than banks in US, Asia.

Daily Highlights: 5.24.10

  • April sales of previously owned homes likely got a big boost from tax incentives.
  • Asia stocks gain as China rises most in seven months on policy speculation.
  • China presses US to end tech export controls.
  • China shares up as fears of tighter policy ease amid hopes of rising yuan.
  • Corn futures advances on speculation that China may boost imports from the U.S.
  • Defaults on apartment-building mortgages held by US banks climbed to a record 4.6% in Q1.
  • Dubai officials lay out need for financial reform following the credit crisis.
  • Euro falls, ends 3-day gain, on concern debt crisis to spread.

Daily Highlights: 5.20.2010

  • Asian stocks fall for fifth day on Europe concern; Commodity shares gain.
  • British government plans to partially privatize struggling Royal Mail.
  • China officials say won't yield to yuan pressure at U. S. talks.
  • China's growth unexpectedly accelerated in the first quarter of 2010: Poll.
  • Euro falls to lowest since April 2006 on European debt crisis.
  • Fed officials are in no rush to sell mortgage assets, Meeting minutes show.

Daily Highlights: 5.19.10

  • Asian, European stocks, commodities fall; Treasuries rise after Germany bans short selling.
  • Consumer prices in US may show inflation contained as economy recovers.
  • Germany to ban naked short-selling on certain financial stocks, soverign bonds.
  • Hedge Funds bet Europe's $1 trillion rescue package won't cure debt crisis.
  • Private Equity-backed US IPOs leave buyers with worst returns in decade.
  • US Regulators proposed new curbs to tame volatility; circuit breakers for every stock.

Daily Highlights: 5.18.10

  • Asia may need capital controls to curb fx rise - ADB.
  • China sees inflation quickening this Month to 3% 'trigger' point for rates: State agency.
  • China's holdings of US Treasury securities totalled $895.2B in March, up 2% from Feb levels.
  • EU finance ministers seek deficit cuts to ward off debt crisis threat.
  • Euro weakens to near four-year low on economy; Most Asian stocks decline.
  • FDIC has inherited CDOs with a face value of more than $400M from failed lending institutions.
  • German governing parties call for financial transaction tax in Europe.

Daily Highlights: 5.17.10

  • Asian stocks fall as weaker Euro fuels economic growth concern.
  • China's growth passes peak and more tightening feared
  • Crude-oil prices continued to slide toward the psychologically important $70/bbl on Monday.
  • Euro falls to lowest since April 2006 on European debt crisis.
  • Japan Machine Orders rise for first time in 3 months in March.
  • Stocks slip on austerity fears.
  • New Home construction in US probably rose as tax credit boosted sales: Survey.

Daily Highlights: 5.14.2010

  • Foreign investment in China up 25% in April amid growing interest in rebounding economy.
  • Euro breaks 14-month low as debt-cutting steps may hurt growth.
  • Hong Kong economy expands 2.4 percent in 1Q, fourth straight quarter of growth.
  • India inflation eases to 9.6 percent in April, but food and fuel costs remain troublesome.
  • Oil prices fell below $74/bbl amid expectations a slower economic recovery in Europe.
  • Sales at U.S. retailers probably rose in April for a seventh straight month: Survey.

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.