Tuesday, February 23, 2010

Calendar of events to watch 02.23.10

Calendar of events to watch


Bernanke’s HH testimony

2/24-25 (House/Senate, respectively);


Health Care -

televised bipartisan summit on 2/25


Toyota’s president

will appear before Congress on 2/24 to provide an update on

that co’s recent recall


The House is hosting a hearing
on Tues discussing the jobs market

and on Thurs

discussing executive compensation



Sen Dodd is expected to unveil his proposed legislation for overhauling the

nation’s financial regulatory framework

sometime this week.


It’s a pretty heavy week for bond issuance

(2s 2/23, 5s 2/24, 7s 2/25).


We could start to hear more on new short selling rules

(Reuters reported late on

Fri that the SEC will consider new short sale restrictions at an open meeting Wed).


In Europe,

press reports have indicated that Greece may try to test the waters

w/a debt deal

this week in an attempt to rebuild investor confidence.


Catalysts to watch coming up for financials
: 1) earnings

(the only big ones left

are out of Europe - RBS Thurs morning and Lloyds Fri morning);

2) conference


starts to heat up again - BoA/Merrill insurance conf 2/23-24 and Keefe

Bruyette's regional bank conf 2/24-25;

3) analyst meetings

- JPM is Thurs morning

Economic Events – daily view


Wednesday, Feb. 24th:

US (MBA Mortgage Applications, New Home Sales);

Eurozone (German GDP, GfK Consumer Confidence Survey); Other (RBA Inflation

Expectations Report).


Thursday, Feb. 25th:

US (Durable Goods Orders, Jobless Claims, House Price

Index); Eurozone (French PPI, German Unemployment Rate, Eurozone Consumer

Confidence); Other (Japan CPI).


Friday, Feb. 26th:

US (GDP, PCE, Chicago PMI, Existing Home Sales); Eurozone

(UK GDP, Eurozone CPI, German CPI); Other (n/a).

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