FED's plan to swap 200 bln. USD mortgage backed bonds with US government bonds will make stocks go higher as well as the USD. But only for a while. Overnight News Bullets GE Wholesale Price Index MoM/YoY (Feb) out at -0.2%/6.0% vs. 0.5%/6.7% exp. SW CPI Headline MoM/YoY (Feb) out at 0.4%/3.1% vs. 0.6%/3.2% expected. SW CPI Underlying MoM/YoY (Feb) out at 0.4%/2.0% vs. 0.5%/2.2% expected. SW Activity Index Level (Jan) out at 122.9 vs. 123.3 prior. UK DCLG House Price YoY (Jan) out at 8.0% vs.
Author:
Time:
Wednesday, March 12th, 2008 at 11:34 am
Category:
Comments:
You can leave a response, or trackback from your own site.
RSS:
You can follow any responses to this entry through the RSS 2.0 feed.
Navigation:
