Monday, March 22, 2010

Catalysts to Watch---Economics calendar --Corporate Events Calendar $CPO

Catalysts to Watch

·         Greece - EU Heads of State Hold a summit on 3/25.  It seems like Europe will simply reiterate what they have been saying – that a plan is in place to give assistance should it be needed but at the moment no such aid is required and no details will be provided to the marketplace. 

·         China and the yuan in focus as China kicks off its China Development Forum (starts Mar 20) and the House holds a hearing on the yuan Mar 24. 

·         Treasuries - This week, the Treasury will sell $44 billion in two-year notes (Tues), $42 billion in five-year notes (Wed) and $32 billion in seven-year securities (Thurs). 

·         In commodities, the CFTC will hold a meeting on Mar 25 to start examining if speculators in the base- and precious-metals markets should be subject to trading limits. 

·         press reports have indicated that GOOG on Mon may formally announce that it is ending its search engine in China due to an inability to reach a deal w/regulators. 

·         Health Care – Obama is due to sign the legislation into law by mid-morning on Tues (CNBC says 11:15amET)   

Economics calendar – daily view

·         Tuesday, Mar. 23rd: US (Existing Home Sales, House Price Index, Richmond Fed, ABC Consumer Confidence); Eurozone (UK - CPI, Retail Prices); Other (n/a).

·         Wednesday, Mar. 24th: US (Durable Goods, MBA Mortgage Applications, New Home Sales); Eurozone (German – PMI Manufacturing, IFO, Eurozone PMI Manufacturing); Other (New Zealand GDP, Japan Trade Balance).

·         Thursday, Mar. 25th: US (Jobless Claims); Eurozone (German Consumer Confidence, UK Retail Sales); Other (Australia Conference Board Leading Index, Japan CPI).

·         Friday, Mar. 26th: US (Third/Final Q4 GDP, PCE, Michigan Confidence); Eurozone (n/a); Other (Switzerland KOF Institute Economic Forecast).

Corporate Events Calendar

·         Mon Mar 22: earnings after the close (MPG).  Analyst meetings (KMB, PEP, NZ). 

·         Tues Mar 23: earnings before the open (Imperial Tobacco, KBH, SCS, CCL, WAG, PVH).  Earnings after the close (SONC, PRGS, DRI, ADBE, JBL).  Analyst meetings (PEP, CPO, RMBS). 

·         Wed Mar 24: earnings before the open (CMC, Li & Fung, China Unicom, LEN, GIS, Q-Cells, Sainsbury, Man Group); earnings after the close (RHT, CKR, PAYX).  Analyst meeting (COP). 

·         Thurs Mar 25: earnings before the open (CAG, CONN, UTIW, BBY, MKC, SolarWorld).  Earnings after the close (WTSLA, ACN, TIBX, ORCL, SMOD, SNX, FINL, SABA).  Analyst meetings (SI, SRE).

Fri Mar 26: analyst meetings (HS, EAT)

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