KOF Economic Barometer Released
The KOF Economic Barometer came out lower than expected at -1.79 from the previous -1.37. A drop to -1.55 was forecast.
EUROZONE Industrial New Orders Released
The EU Industrial New Orders came out at -3.4% from the previous -5.2%. A drop to -5.7% was forecast.
Bank of England’s Dale on the Wires
BOE designate member Miles: Monetary and fiscal stance set to be highly stimulative
- Collective stimulus could boost UK by at least 5% of GDP
- UK Debt to GDP ratio could rise to 70% of GDP
* Fiscal situation is far worse than anyone imagined a year ago
UK Data Released
The UK Current Account came out at -7.6B from the previous -7.7B. A rise to -5.8B was forecast.
The UK Final GDP came out at -1.6% from the previous -1.5%. No change was forecast.
The GBP fell to session lows as both of these numbers missed forecasts. This was the largest quartely fall in the UK GDP since 1990 and largest annual fall since 1991.
Japanese Finance Minister Official Comments
Japan Senior Fin Min Official: Does not expect G-20 to discuss USD as key currency
German Import Prices Released
German Import Prices came out at -0.5% from the previously revised -3.6%. A rise to -0.4% was forecast.
UK’s Prime Minister Brown on the Wires
UK PM Brown: UK considering fiscal measures on mortgages
- May take steps on public works and investment
Economic Calendar (3/27/2009)
Friday, March 27, 2009


