IMF on the Wires Regarding Irelands Future
March 2, 2012 by Lawrence Fayman · 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 Lawrence Fayman · Leave a Comment
ISM Manufacturing and Construction Spending Drop, Prices Paid Higher
March 1, 2012 by Lawrence Fayman · 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 Lawrence Fayman · Leave a Comment
US Jobless Claims Improve as Personal Income and Spending Drop
March 1, 2012 by Lawrence Fayman · 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 Lawrence Fayman · 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 Lawrence Fayman · Leave a Comment
US GDP & Personal Consumption Data Due at 8:30AM
February 29, 2012 by Lawrence Fayman · Leave a Comment








