EUROZONE CPI Flash Estimate Released
The EU CPI Flash Estimate came out at 0.6% from the previous 1.2%. A drop to 0.7% was forecast.
The Italian Prelim CPI came out at 0.1% from the previous 0.2%. No change from the previous 0.2% was forecast.
Japan’s Prime Minister Aso on the Wires
Japan PM Aso: New stimulus plan must place ‘firm floor’ under economy
Italian Retail Sales Released
Italian Retail Sales beat expectations at 0.3% from the previously revised 0.3%. A drop to -0.4% was forecast.
German Unemployment Change Released
German Unemployment Change came out at 69K up from the previously revised 50K. A rise to 53K was forecast.
The EUR softened up and came off session highs behind this weaker than expected employment data.
**Note: This data was correctly leaked about 10 minutes before the 3:55 AM official release.
Swiss UBS Consumption Indicator Released
The CHF UBS Consumption Indicator came out at 0.89, down from the previously revised 0.92. There was no forecast available for this release.
Japan’s Housing Starts Released
Japan’s Housing Starts came out lower than expected at -24.9% from the previous -18.7%. A rise to -17.6% was forecast.
Reserve Bank of Australia’s Debelle on the Wires
RBA’s Debelle: Disruptions in global markets undermine impact of policy stimulus at home; restoring financial confidence is necessary for global recovery
- Money market spreads are below crisis period average
- Sees less demand for term loans but will continue to offer them
Economic Calendar (3/31/2009)
Tuesday, March 31, 2009
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