IMF on the Wires Regarding Irelands Future

March 2, 2012 by · Leave a Comment 

Beaumont says:

  • Risks on high side for Ireland
  • Estimates Ireland needs 14 billion in market funding in 2013
  • ‘Sufficient’ Irish market return in 2013 uncertain
  • Irish debt sustainability ‘remains fragile’
  • Irish economy faces great struggles
  • ‘Lot of consensus’ among troika on Anglo Irish notes
  • Anticipates no impact from treaty campaign on program
  • Urges enhanced support for Ireland from Europe

Canada GDP Data Due at 8:30AM

March 2, 2012 by · Leave a Comment 

ISM Manufacturing and Construction Spending Drop, Prices Paid Higher

March 1, 2012 by · Leave a Comment 

ISM Manufacturing:  Survey: 54.8   Actual: 52.4   Prior: 54.1

Feb vs Jan 12′ Breakdown
Production: 55.3 vs 55.7
New Orders: 54.9 vs 57.6
Employment: 53.2 vs 54.3 
Inventories: 49.5 vs 49.5
Prices:  61.5 vs 55.5
Order Backlogs: 52.0  vs 52.5

ISM Prices Paid:  Survey: 58.0   Actual: 61.5   Prior: 55.5

Construction Spending: Survey: 1.0%   Actual: -0.1%  Prior:  1.5%   Revised: 1.4%

 

USD/JPY moves to the downside a bit.

US ISM Numbers Along with Construction Spending Due at 10AM

March 1, 2012 by · Leave a Comment 

US Jobless Claims Improve as Personal Income and Spending Drop

March 1, 2012 by · Leave a Comment 

Jobless Claims:  Survey:  355K    Actual: 351K   Prior: 351K    Revised:  353K   

Continuing Claims:  Survey: 3418K    Actual:  3402K    Prior: 3392K   Revised: 3404K

Personal Income:   Survey: 0.4%     Actual:  0.3%    Prior:  0.5%   

Personal Spending:   Survey: 0.4%    Actual: 0.2%  Prior: 0.0% 

PCE Deflator:    Survey: 2.3%  Actual:  2.4%   Prior: 2.4%  Revsied: 2.5%

PCE Core(MoM):     Survey: 0.2%   Actual:  0.2%    Prior: 0.2%   Revsied:  0.1%

PCE Core(YoY):    Survey:  1.8%   Actual:  1.9%   Prior:  1.8%   Revsied:  1.9%

 

US jobless claims staying at best levels since March 7, 2008. EUR/USD drops slightly on the news.

EU’s Barroso Speaks in Brussels

March 1, 2012 by · Leave a Comment 

Says:

  • Europe is not ‘out of the woods yet’
  • Region has taken important steps on crisis
  • Spain promissed to present budget in March
  • Need spanish budget before taking decisions
  • Calls on EU leaders to carry out reforms for growth
  • Europe ‘in better condition than before’

 

 

Plethora of US Data at 8:30AM

March 1, 2012 by · Leave a Comment 

US GDP & Personal Consumption Data Due at 8:30AM

February 29, 2012 by · Leave a Comment 

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