Economic Calendar

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.

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.