BetOnMarkets Weekly Briefing
Contents This Week:
Economic calendar for week 6th - 10th April 2009.
Commentary: The week ahead.
Advertisement.
Economic Calendar for week 6th - 10th April 2009
**Note: All times GMT, not DST**
PLEASE NOTE - All times GMT
Monday April 6th:
EU -08:30 - Sentix Investor Confidence.
EU -09:00 - Retail Sales M/M.
EU - 09:00 - PPI M/M.
US - 17:00 - FOMC Member Warsh Speaks.
Tuesday April 7th
UK - 08:30 - Manufacturing Production M/M.
UK - 08:30 - Industrial Production M/M.
US - 14:00 - IBD/TIPP Economic Optimism.
US -19:00 - Consumer Credit M/M.
UK - 23:01 - Nationwide Consumer Confidence.
UK - 23:01 - NIESR GDP Estimate.
Wednesday April 8th
GE - 06:00 - Trade Balance.
FR - 06:45 - Trade Balance. .
UK - 09:30 - BRC Shop Price Index Y/Y.
GE - 10:00 - German Factory Orders M/M.
US - 14:00 - Wholesale Inventories M/M..
UK - 14:30 - Crude Oil Inventories.
US - 18:00 - FOMC Meeting Minutes.
Thursday April 9th
GE - 06:00 - Final CPI M/M.
EU - 08:00 - ECB Monthly Bulletin.
UK - 08:30 - PPI Input M/M.
UK - 08:30 - PPI Output M/M.
UK - 08:30 - Trade Balance.
UK - 09:00 - CB Leading Index M/M.
GE - 10:00 - Industrial Production M/M.
UK - 11:00 - Official Bank Rate.
UK - 11:00 - MPC Rate Statement.
US - 12:30 - Trade Balance.
US - 12:30 - Unemployment Claims.
US - 12:30 - Import Prices M/M..
US - 14:30 - Natural Gas Storage.
Friday April 10th
Bank Holiday EU/ FR/ GE/ UK
FR - 06:45 - Industrial Production M/M.
FR - 06:45 - CPI M/M.
FR - 06:45 - Gov Budget Balance.
US - 18:00 - Federal Budget Balance.
EU - Europe wide
FR - France
UK - United Kingdom
US - United States
GE - Germany
The week ahead.
US markets closed Friday up around 1%, which in the context of recent volatility is not really much to write home about. Recently, US markets have had an average trading range of 2% per day, which is actually down on the recent peak of 4% per day. In volatility terms, things seem to be quietening down, and this is usually a positive for equities which loath the unknown more than bad news. When the economic data becomes more predictable, markets can move to price in bad news, as appears to have happened today.
Markets finished up on Friday, which is not what one would have automatically expected from the release of the highest US unemployment numbers for 25 years. Wednesdays ADP job numbers gave traders a reasonable steer on Fridays data, so traders weren't entirely shocked by the announcement. Fridays job numbers were very weak though, theres no getting away from that. What is most concerning is acceleration in unemployment. Anecdotally many people across the world have been saying the saying the same thing the shocking thing about this global recession is how quickly things have developed to point of near depression levels. In the US 5.1 million jobs have been lost since the recession started, but two thirds of these happened in the last 5 months. It would seem that this has been a similar pattern across the world. With Thursdays agreement from the G20 to inject huge sums of cash into the global economy, world governments are hoping to stem the speed of the collapse at the very least.
Elsewhere, the long awaiting FASB announcement on Mark to market accounting rules were released with positive implications for the banks. Some analysts believe the rules changes could increase banks net income by 20% or more. In addition to this, news that the UK government has agreed to back some of RBSs business loans and the decision by Barclays to not participate in the governments asset protection scheme made it a good week for financial overall.
There was mixed news on the UK housing market with the Nationwide saying house prices rose nearly 1% in March, but Halifax saying that prices dropped 1% in March. The differences underline the volatility in month to month housing data.
The ECB ruffled some feathers by cutting rates in the eurozone by just 0.25% to 1.25. Trichet commented that rates could still go lower in coming months, but the ECBs adoption of a ZIRP policy is noticeably slower than the UK and US. Although businesses would have appreciated lower rates, investors seem to have interpreted the ECBs action as meaning that the European economy is in better shape than many thought. The news fueled a rally in the Euro against the yen and dollar, but it is the pound that was last weeks strongest performer overall. Sterling rose against all major currencies over last week.
Next weeks economic highlights include rate decisions from the Bank of Japan and Royal bank of Australia on Tuesday, followed by rate statement from the MPC on Thursday. Analysts are currently expecting no changed from any of these meetings. In addition the minutes from the last FOMC meeting are released on Wednesday. Thursday also brings UK PPI and US trade balance figures. Friday is a bank holiday for most countries.
Gold has remained in a relatively tight trading range over the last month or so a break out could be overdue.
A One Touch trade predicting that Gold/USD will hit $850 at any point during the next 9 days could return 209% at BetOnMarkets.
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FLEET STREET - WARNING: Financial D-DAY imminent - here's how to protect yourself now
"In June 1944 Britain and her allies shored-up on the beaches of Normandy to rid the world of an evil tyranny.
Today, it' OUR shores about to be invaded.
We won't be attacked with bombs or tanks... but it could be just as financially destructive for every single taxpayer, homeowner and investor in the UK."
The Fleet Street Letter
Dear Client,
I urge you to take a look at this prediction RIGHT NOW.
My associates over at The Fleet Street Letter call it Financial D-DAY - "a threat greater than any war we've faced with the potential to financially wipe out thousands."
It's one of four almost completely ignored financial time bombs that could go off at any moment... striking at the very heart of the UK economy... attacking YOU in the process.
Millions of investors don't understand the severity of what's coming.
They see the events of the last 18 months and think the worst is over. Many even feel untouched by what's happened so far.
Maybe that includes you?
But as this report says: "Anyone unprepared is in for the SHOCK of their lives".
If the predictions inside come true... a recession will be a walk in the park compared to what's about to be unleashed!
But make the few simple "crisis moves" outlined below... and you could safeguard your livelihood and even grow your net wealth through 2009 and beyond.
See for yourself, right here.
Look. This report has one simple, clear and urgent aim...
To prepare you for a "sustained and wholly new crisis that will make previous busts like that of the early nineties... and even the 1970s... pale in comparison."
I can tell you now their in-depth research is second to none.
They predicted the Credit Crisis, the banking breakdown and the plunge in the pound with startling accuracy... long before it entered the mainstream press.
Today they reveal the truth about Britain in 2009 - and it's MUCH worse than you thought.
I don't say this to scare you. Far from it. These guys have a remarkable knack for predicting and deciphering world trends and events... and when they get it right, their readers do very, very well.
This time is no different.
In the following document they show you what's really happening...and what is very likely to happen from here on in. They give you the shocking facts nobody else wants to share...or even admit.
But most importantly, they show you how to prepare for what comes next... and how you could turn these events to your maximum advantage. Click here now!
Best regards,
BetOnMarkets
Contents This Week:
Economic calendar for week 6th - 10th April 2009.
Commentary: The week ahead.
Advertisement.
Economic Calendar for week 6th - 10th April 2009
**Note: All times GMT, not DST**
PLEASE NOTE - All times GMT
Monday April 6th:
EU -08:30 - Sentix Investor Confidence.
EU -09:00 - Retail Sales M/M.
EU - 09:00 - PPI M/M.
US - 17:00 - FOMC Member Warsh Speaks.
Tuesday April 7th
UK - 08:30 - Manufacturing Production M/M.
UK - 08:30 - Industrial Production M/M.
US - 14:00 - IBD/TIPP Economic Optimism.
US -19:00 - Consumer Credit M/M.
UK - 23:01 - Nationwide Consumer Confidence.
UK - 23:01 - NIESR GDP Estimate.
Wednesday April 8th
GE - 06:00 - Trade Balance.
FR - 06:45 - Trade Balance. .
UK - 09:30 - BRC Shop Price Index Y/Y.
GE - 10:00 - German Factory Orders M/M.
US - 14:00 - Wholesale Inventories M/M..
UK - 14:30 - Crude Oil Inventories.
US - 18:00 - FOMC Meeting Minutes.
Thursday April 9th
GE - 06:00 - Final CPI M/M.
EU - 08:00 - ECB Monthly Bulletin.
UK - 08:30 - PPI Input M/M.
UK - 08:30 - PPI Output M/M.
UK - 08:30 - Trade Balance.
UK - 09:00 - CB Leading Index M/M.
GE - 10:00 - Industrial Production M/M.
UK - 11:00 - Official Bank Rate.
UK - 11:00 - MPC Rate Statement.
US - 12:30 - Trade Balance.
US - 12:30 - Unemployment Claims.
US - 12:30 - Import Prices M/M..
US - 14:30 - Natural Gas Storage.
Friday April 10th
Bank Holiday EU/ FR/ GE/ UK
FR - 06:45 - Industrial Production M/M.
FR - 06:45 - CPI M/M.
FR - 06:45 - Gov Budget Balance.
US - 18:00 - Federal Budget Balance.
EU - Europe wide
FR - France
UK - United Kingdom
US - United States
GE - Germany
The week ahead.
US markets closed Friday up around 1%, which in the context of recent volatility is not really much to write home about. Recently, US markets have had an average trading range of 2% per day, which is actually down on the recent peak of 4% per day. In volatility terms, things seem to be quietening down, and this is usually a positive for equities which loath the unknown more than bad news. When the economic data becomes more predictable, markets can move to price in bad news, as appears to have happened today.
Markets finished up on Friday, which is not what one would have automatically expected from the release of the highest US unemployment numbers for 25 years. Wednesdays ADP job numbers gave traders a reasonable steer on Fridays data, so traders weren't entirely shocked by the announcement. Fridays job numbers were very weak though, theres no getting away from that. What is most concerning is acceleration in unemployment. Anecdotally many people across the world have been saying the saying the same thing the shocking thing about this global recession is how quickly things have developed to point of near depression levels. In the US 5.1 million jobs have been lost since the recession started, but two thirds of these happened in the last 5 months. It would seem that this has been a similar pattern across the world. With Thursdays agreement from the G20 to inject huge sums of cash into the global economy, world governments are hoping to stem the speed of the collapse at the very least.
Elsewhere, the long awaiting FASB announcement on Mark to market accounting rules were released with positive implications for the banks. Some analysts believe the rules changes could increase banks net income by 20% or more. In addition to this, news that the UK government has agreed to back some of RBSs business loans and the decision by Barclays to not participate in the governments asset protection scheme made it a good week for financial overall.
There was mixed news on the UK housing market with the Nationwide saying house prices rose nearly 1% in March, but Halifax saying that prices dropped 1% in March. The differences underline the volatility in month to month housing data.
The ECB ruffled some feathers by cutting rates in the eurozone by just 0.25% to 1.25. Trichet commented that rates could still go lower in coming months, but the ECBs adoption of a ZIRP policy is noticeably slower than the UK and US. Although businesses would have appreciated lower rates, investors seem to have interpreted the ECBs action as meaning that the European economy is in better shape than many thought. The news fueled a rally in the Euro against the yen and dollar, but it is the pound that was last weeks strongest performer overall. Sterling rose against all major currencies over last week.
Next weeks economic highlights include rate decisions from the Bank of Japan and Royal bank of Australia on Tuesday, followed by rate statement from the MPC on Thursday. Analysts are currently expecting no changed from any of these meetings. In addition the minutes from the last FOMC meeting are released on Wednesday. Thursday also brings UK PPI and US trade balance figures. Friday is a bank holiday for most countries.
Gold has remained in a relatively tight trading range over the last month or so a break out could be overdue.
A One Touch trade predicting that Gold/USD will hit $850 at any point during the next 9 days could return 209% at BetOnMarkets.
Advertisement
FLEET STREET - WARNING: Financial D-DAY imminent - here's how to protect yourself now
"In June 1944 Britain and her allies shored-up on the beaches of Normandy to rid the world of an evil tyranny.
Today, it' OUR shores about to be invaded.
We won't be attacked with bombs or tanks... but it could be just as financially destructive for every single taxpayer, homeowner and investor in the UK."
The Fleet Street Letter
Dear Client,
I urge you to take a look at this prediction RIGHT NOW.
My associates over at The Fleet Street Letter call it Financial D-DAY - "a threat greater than any war we've faced with the potential to financially wipe out thousands."
It's one of four almost completely ignored financial time bombs that could go off at any moment... striking at the very heart of the UK economy... attacking YOU in the process.
Millions of investors don't understand the severity of what's coming.
They see the events of the last 18 months and think the worst is over. Many even feel untouched by what's happened so far.
Maybe that includes you?
But as this report says: "Anyone unprepared is in for the SHOCK of their lives".
If the predictions inside come true... a recession will be a walk in the park compared to what's about to be unleashed!
But make the few simple "crisis moves" outlined below... and you could safeguard your livelihood and even grow your net wealth through 2009 and beyond.
See for yourself, right here.
Look. This report has one simple, clear and urgent aim...
To prepare you for a "sustained and wholly new crisis that will make previous busts like that of the early nineties... and even the 1970s... pale in comparison."
I can tell you now their in-depth research is second to none.
They predicted the Credit Crisis, the banking breakdown and the plunge in the pound with startling accuracy... long before it entered the mainstream press.
Today they reveal the truth about Britain in 2009 - and it's MUCH worse than you thought.
I don't say this to scare you. Far from it. These guys have a remarkable knack for predicting and deciphering world trends and events... and when they get it right, their readers do very, very well.
This time is no different.
In the following document they show you what's really happening...and what is very likely to happen from here on in. They give you the shocking facts nobody else wants to share...or even admit.
But most importantly, they show you how to prepare for what comes next... and how you could turn these events to your maximum advantage. Click here now!
Best regards,
BetOnMarkets
