-
Retail sales (Feb): Weather-related setback
Trade deficit (Jan): widening again Retail sales (Feb): weather-related setback UMI consumer sentiment: more or less unchanged After 13 consecutive declines, wholesale inventories had risen sharply in October and November. They fell by 0.8% mom in December, but we expect the inventory buildup to have resumed in January, and wholesale inventories could have gone up by 0.6% mom. Total business inventories , which fell slightly by 0.2% mom in December, are also likely to have increased in
-
Americas Calendar: Week of March 8 - 12, 2010
Monday, March 08, 2010 Economic 06:00 Brazil Feb Inflation, Chile Feb CPI 08:30 Canada Feb Housing Starts Events 17:00 Fed's Sack speaks to economists in Arlington. Cowen Healthcare Conference. Raymond James Institutional InvestorsConference. PSEG Analyst Day. Trades Ex-split: NCS 1-5. Ex-dividend:AEE $0.385, APC $0.09, BAX $0.29, BDX $0.37, CME $1.15, CEG $0.24, NTRS$0.28, OXY $0.33, POM $0.27, RAI $0.90, TRV $0.33. Earnings Before the Open: COMV, DGW, FREE, PARD, YGE . After the Close: CAP,
-
EMU industrial production (January): Up
Output in the German producing sector (January): unchanged or up EMU industrial production (January): up After having plummeted in December, output in the German producing sector is not expected to have decreased again in January . Industrial output is likely to have gone up, as most of the correlated climate indicators improved. Industrial new orders soared in January, but mainly because of bulk orders, which tend to be carried out with delay. However, construction output has declined due to
-
March 2010
-
ISM indices (Feb): Gap between the two indices somewhat narrower
PCE core deflator (Jan): annual rate approaching lower end of Fed’s comfort zone ISM indices (Feb): gap between the two indices somewhat narrower Labour market report (Feb): snowstorms could have interrupted the trend of improving payroll data In 2009, average personal income fell for the first time ever, by 1.4% yoy. However, after 11 consecutive declines, a slight increase of 0.5% yoy was registered in December. We forecast that personal income will have gone up by 0.5% mom and 2.3% yoy in
-
German industrial new orders (January): Up
German retail sales (January): down German industrial new orders (January): up EMU inflation flash estimate (February): inflation down ECB: set to discuss further steps towards normalising money market conditions After having plummeted in December, German industrial new orders are expected to have recovered in January, as most of the correlated indicators improved. However, German retail sales are likely to have suffered a setback in January, because German consumer confidence and retailers’
-
Americas Calendar: Week of March 1 - 5,2010
Monday, March 01, 2010 Economic 08:00 Brazil Feb PMI Manufacturing 08:30 Jan Personal Income (last 0.4%), Jan Personal Spending (last 0.2%), Jan PCE Deflator y/y (last 2.1%), Jan PCE Core (last m/m 0.1%, y/y 1.5%), Canada Q4 GDP 10:00 Feb ISM Manufacturing (last 58.4), Feb ISM Prices Paid (last 70), Jan Construction Spending m/m (last -1.2%) Events 08:45 Fed's Lacker to speak to international bankers in Washington. 15:30 Former Fed Chairman Volcker speaks in San Francisco. Bank of America
-
March 2010 Economic Calendar
-
Consumer confidence indicators (Feb): Up modestly
Durable goods orders (Jan): lifted by higher transportation orders GDP (Q4 2nd estimate): moderate downward revision due to higher oil imports Consumer confidence went up from 53.6 to 55.9 in January, as the current assessment, though still very low, improved by 5 points. In February, the University of Michigan’s (UMI) preliminary consumer sentiment fell from 74.4 to 73.7 on lower expectations, but, as the graph shows, it remained relatively high compared to the Conference Board’s indicator.
-
Americas Calendar: Week of February 22 - 26,2010
Monday, February 22, 2010 Economic 10:00 Jan Chicago Fed Activity (last -0.61) 10:30 Feb Dallas Fed Manufacturing (last 8.3%) 13:00 Treasury's $8B 30-yr TIPS auction Events 11:00 Fed's Yellen speaks on US economy. 08:30 FDA Vaccines and Related Biological Products Advisory CommitteeMeeting. Goldman Sachs Technology Conference. HON investor conference. Ex-dividend: MFC $0.13, MHP $0.235. Earnings Before the Open: COG, CPB , CEG, CEP, ENDP, GEO, LECO, LOW , MDAS, OIS, ORBK, PWR, VCI, VRX. After
-
EMU economic sentiment (February): Unchanged
German ifo business climate (February): slightly up EMU industrial confidence (February): up EMU economic sentiment (February): unchanged German adjusted unemployment (February): sharp increase due to snow and cold weather M3 growth (January): slightly positive, temporarily German CPI inflation (January): lower The ifo business climate for Germany could have continued to improve in February , albeit only slightly, as the correlated indicators have sent mixed signals: the US ISM manufacturing
-
Consumer prices (Jan): Annual rate up again
First regional manufacturing indices (Feb): more or less stable Housing starts (Jan): up after weather-related drop in December Industrial production (Jan): rebound in manufacturing Consumer prices (Jan): annual rate up again In January, the New York Empire manufacturing index surged from 4.5 to 15.9. Nevertheless, it only partly rebounded from its December plunge. As we expect the inventory cycle to have continued to have a positive impact on manufacturing, the New York Empire could have
-
Americas Calendar: Week of February 15 - 19, 2010
Monday, February 15, 2010 Economic 06:30 Chile Jan Copper Exports Events Bond and equity markets closed for President's Day Holiday. Earnings Before the Open: SIHI. After the Close: CCM, DOLE. Tuesday, February 16, 2010 Economic 08:30 Feb Empire Manufacturing (last 15.92) 09:00 Dec Net Long-Term TIC Flows (last $126.8B), Dec Total Net TIC Flows (last $26.6B) 13:00 Feb NAHB Housing Index (last 15) 14:00 Jan Monthly Budget Statement (last -$63.5B) Events 12:00Fed's Hoenig speaks on budget
-
PMI manufacturing index EMU (February): Slightly up
German ZEW economic sentiment (February): unchanged PMI manufacturing index EMU (February): slightly up The German ZEW economic sentiment could have remained more or less unchanged in February , as the correlated indicators sent mixed signals. The ifo business expectations and the US ISM manufacturing index have both improved. The euro has depreciated and crude oil prices have gone down. However, German yield spreads have narrowed, as long-term interest rates have decreased more than
-
Retail sales (Jan): Up after drop in December
Trade deficit (Dec): slightly wider, but only in nominal terms Retail sales (Jan): up after drop in December UMI consumer sentiment (Feb): down somewhat after soaring in January According to the first GDP estimate for Q4, inventories contributed 3.4 percentage points to the 5.7% increase in GDP in annualised terms. The Department of Commerce nevertheless assumed that wholesale, retail and factory inventories will have decreased in December. Thus wholesale inventories, which had risen by more
-
Americas Calendar: Week of February 8 - 12, 2010
Monday, February 08, 2010 Economic 06:00 Chile Jan CPI 06:30 Chile Jan Trade Balance 08:30 Canada Jan Housing Starts Events Bankof America India Investor Conference. Deutsche Bank Small and Mid CapConference. Thomas Weisel Technology & Telecom Conference. UBSGlobal Healthcare Services Conference. Biotechnology Industry CEO andInvestor Conference. Ex-dividend: AEP $0.41, CTAS $0.48, IBM, $0.55,XLNX $0.16, XOM $0.42. Earnings Before the Open: AMRI, AGNC, BWP, CGA, CHDX, CNA, CVS , GWR, HAS ,
-
EMU GDP (Q4): Up
German GDP (Q4) : unchanged EMU GDP (Q4): up EMU industrial production (December): up On 12 February, Destatis (the German Federal Statistical Office) is publishing its “flash release” on German Q4 GDP; a detailed breakdown of the components will follow on 24 February. As already suggested by Destatis, German GDP growth will probably have remained unchanged quarter-on-quarter in Q4 2009. Italian GDP could have stagnated in Q4 too, as industrial production decreased in that period.
-
ISM indices (Jan): higher again
Personal spending (Dec): up despite drop in retail sales ISM indices (Jan): higher again Labour market report (Jan): modest increase in nonfarm payrolls Personal income increased by 0.4% mom in November, but was still 0.3% points lower than the previous year. However, due to various fiscal measures, disposable income was 3% higher than in November 2008. According to the GDP data for Q4, personal income could have gone up again by 0.4% mom in December. The data suggest that personal spending,
-
February 2010
-
February 2010 Economic Calendar
|
