Catalysts to Watch
· Central Banks - The ECB holds a meeting on Thurs and China’s National People’s Congress starts Mar 5. There will also be meetings from the RBA and BOE.
· Health Care – Obama will make an announcement this week (on Wed) about the "way forward" on health care following the bipartisan meeting last week; new revised HC outline to be released
· HMO exec meeting on Wed - top health-insurance executives are expected to appear before the Obama administration's top health official to discuss health-care premiums. WSJ
· There are a couple mid-Q updates (ALTR) and important Feb sales releases (auto companies release throughout the day on Tues and people will be looking for share shifts given the Toyota recall headlines; retailers will hit Thurs morning).
· Greece could unveil EU4B worth of additional budget cuts on Wed according to headlines. Greek Prime Minister George Papandreou has called a cabinet meeting for Wednesday to "take decisions about the economy" (Reuters) and Greece’s PM will be traveling to Germany on Fri 3/5. The WSJ reported that Germany and France were working on a EU20-30B bond sale deal w/Greece whereby state-backed German and French banks would take down half the issue w/the private markets taking the other half.
· Obama will be traveling to Savannah, GA; Obama’s four-hour visit to Savannah, Ga., will focus on a roughly $6 billion, short-term program designed to get consumers to invest in energy-saving home repairs and upgrades – and in turn, help create tens of thousands of jobs. Politico. http://www.politico.com/news/stories/0310/33729.html
· Fed update due later this week - The Obama administration may make an announcement on its plans for the three vacancies on the Federal Reserve this week - "We may have more on that later in the week," White House spokesman Robert Gibbs told reporters (DJ).
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