PMI day Monday from UK EZ and USA. All expected to improve and be at 50 or above. Watch stock market reaction.
Miami JN 14:13:06 GMT - 11/01/2009
FM (or anyone else). What do you think will be the key event this week? Is it the FOMC meeting that seems to hinge on one phrase?
Lahore FM 12:44:17 GMT - 11/01/2009
-Latam currecies fell last week
-MSCI emerging markets stock index fell 6.1 percent last week.
-Dow Jones fell 2.51 percent on friday,its largest fall since July.
-CBOE's favourite investor fear measure,VIX rose 24 percent on Friday.
-Consumer incomes were flat in US,spending down and consumer sentiment below forecast.
-There is FOMC meet on Tuesday and Wednesday where investors would look for the language and see if the word "extended period" phrase is dropped from the statement where interest rates intentions of the Fed are intimated to investors.
-There is ISM manufacturing and Non Farm Payrolls data to add the volatility the coming week.
-Canadian Dollar's rise pauses.JimFlaherty and Mark Carnay breath a sigh of relief.
-CFTC for the last week shows speculators cut short bets on USD.
the above are a few things that caught my eye during Sunday reading.
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