Archive for March, 2008

The Day Ahead: United States ISM Report

Monday, March 31st, 2008

In the wake of mixed regional data, the United States ISM
report to be released Tuesday, will highlight the state of the
United States national manufacturing sector. The consensus for the ISM report is a
reading of 47.5 following February’s 48.3 figure.

All times EDT Tuesday 7:45 US ICSC Chain
Store Sales W/W Prior 8:30 CA Industrial Product Price (M/M) FEB Exp:
+0.7% Prior: +0.9% 8:30 CA Raw Materials Price Index (M/M) FEB Exp:
+2.7% Prior: +3.4% 8:55 US Redbook Retail Sales W/W Prior 10:00
US ISM Manufacturing March Exp: 47.5 Prior: 48.3 10:00 US
Construction Spending (M/M) FEB Exp: -1.0% Prior: -1.7% 10:00 US ISM
Prices Paid March Exp: 75.0 Prior: 75.5 10:30 CA BOC T Bill
Auction 11:15 CA BOC Bond Repurchase 13:00 US TSY to Sell US$18B
4-Week Bills 17:00 US ABC Consumer Confidence 30-Mar -31 1-April
US Total Vehicle Sales March Exp: 15.3M Prior: 15.3M 1-April US
Domestic Vehicle Sales March Exp: 11.6M Prior: 11.7M

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The Day Ahead: United States ISM Report

Monday, March 31st, 2008

In the wake of mixed regional data, the United States ISM
report to be released Tuesday, will highlight the state of the
United States national manufacturing sector. The consensus for the ISM report is a
reading of 47.5 following February’s 48.3 figure.

All times EDT Tuesday 7:45 US ICSC Chain
Store Sales W/W Prior 8:30 CA Industrial Product Price (M/M) FEB Exp:
+0.7% Prior: +0.9% 8:30 CA Raw Materials Price Index (M/M) FEB Exp:
+2.7% Prior: +3.4% 8:55 US Redbook Retail Sales W/W Prior 10:00
US ISM Manufacturing March Exp: 47.5 Prior: 48.3 10:00 US
Construction Spending (M/M) FEB Exp: -1.0% Prior: -1.7% 10:00 US ISM
Prices Paid March Exp: 75.0 Prior: 75.5 10:30 CA BOC T Bill
Auction 11:15 CA BOC Bond Repurchase 13:00 US TSY to Sell US$18B
4-Week Bills 17:00 US ABC Consumer Confidence 30-Mar -31 1-April
US Total Vehicle Sales March Exp: 15.3M Prior: 15.3M 1-April US
Domestic Vehicle Sales March Exp: 11.6M Prior: 11.7M

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Treasury regulatory overhaul plan sparks debate

Monday, March 31st, 2008

WASHINGTON - Treasury Secretary Henry Paulson revealed sweeping plans on Monday for streamlining a hodgepodge of financial regulations that are blamed for allowing the United States mortgage crisis to balloon into a full-blown economic threat.

Auto sales incentives seen steady in March vs Feb

Monday, March 31st, 2008

DETROIT - Sales incentives offered on new vehicles in the United States market were up 4 percent in March from a year earlier as automakers struggled with sagging demand, according to a report on Monday.

US suspends IBM from seeking new federal contracts

Monday, March 31st, 2008

SAN FRANCISCO - IBM is under investigation by the United States Environmental Protection Agency and has been temporarily suspended from seeking new business contracts with all United States agencies, the company has said on Monday.

Wall Street up on data, regulatory plan, but down for quarter

Monday, March 31st, 2008

NEW YORK - United States stocks gained on Monday as a report showing stronger-than-expected Midwestern business activity eased worries about the economy and a plan for regulatory overhaul liftd hopes for calmer financial markets.

Fed to speed up streamlined check processing

Monday, March 31st, 2008

CHICAGO - The Federal Reserve Banks on Monday set an accelerated schedule to streamline its check-processing system as more consumers and businesses shift to electronic payments from paper checks.

Lehman to lift $3 billion capital

Monday, March 31st, 2008

NEW YORK - Lehman Brothers Holdings Inc, an investment bank beset by rumors of not having enough funding, has said it plans to lift $3 billion of capital.