Jun. 27, 2009 (Action Economics) --
U.S. calendar Fri has personal income, consumption Michigan consumer sentiment Fed custody holdings hit a new record high of $2.754 tln the week of Jun 24th USD fell after the PBOC reiterated its call for a 'super sovereign' currency GBP was boosted by Middle Eastern demand; EUR saw Asian sovereign demand AUD rallied in line with European majors; mooted RBA offers capped gains U.S. Treasury yields climbed higher in European morning session European debt futures lower on the session, Bunds outperform, stock markets advance Preliminary German June HICP seen at -0.1% y/y (median -0.2%), CPI at -0.1% y/y Swiss June KOF improve to -1.65 from -1.85, a three-month high French June consumer confidence rose to highest level since March 2008 German May import prices 0.0% m/m, -10.4% y/y (medians +0.3, -10.1) from -8.6% y/y BoE said banks are still vulnerable to shocks - Financial Stability Report ECB Stark said that the ECB cannot keep up stimulus indefinitely Japan Finance Minister Yosano: CPI fell amid weak demand; will counter deflation Asian stock markets are mixed; regional financial stocks generally stronger NYMEX crude rose above $71 on Nigeria attacks and weaker USD Japan May core CPI declined 0.3% m/m to record -1.1% y/y from -0.1% y/y in April New Zealand GDP tumbled 1.0% in Q1, below expectations vs 1.0% drop in Q4 Action Report: Can The ECB Unlock The Credit Channel?
