Forex news and forecasts archive for 2002-05-16

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from 2001

16/05/2002 08:06 Good morning!

16/05/2002 08:41 HANG SENG INDEX CLOSES MORNING DOWN 3.97 PTS AT 11,834.39

16/05/2002 08:58 Calendar of events for today (16th of May)

16/05/2002 10:02 CEA: W.EUROPE APRIL NEW CAR REGIS. +1.1% Y/Y; EU +1.1%

16/05/2002 10:03 EMU APR NEW CAR REGIS. -1.7% Y/Y; JAN-APR. -5.2% Y/Y

16/05/2002 10:03 ACEA: W.EUROPE JAN-APR NEW CAR REGIS. -2.8% Y/Y; EU -2.6%

16/05/2002 11:05 ITALY ISTAT APRIL HICP REVISED DOWN TO +0.7% M/M, +2.5% Y/Y

16/05/2002 11:06 ITALY ISTAT FINAL APR NIC CPI UNREVISED AT +0.3% M/M,+2.4% Y/Y

16/05/2002 11:06 ITALY APRIL NIC CPI UP 0.3 PCT FROM MARCH; UP 2.4 PCT YR-ON-YR

16/05/2002 11:07 DAX OPENS 5.56 POINTS LOWER AT 5,066.83

16/05/2002 11:08 CAC-40 INDEX OPENS 16.10 PTS LOWER AT 4,455.17

16/05/2002 11:50 Yen Consolidates Overnight Gains

16/05/2002 12:00 Germany's IG Metall Wins 4% Raise This Year

16/05/2002 12:11 US Blue Chips Ended Sligtly Down, While Techs Rose Wednesday

16/05/2002 12:12 The U.S. April CPI Was Up 0.5%, With Core Up 0.3%

16/05/2002 12:13 The U.S. Industrial Production Rose 0.4% in April

16/05/2002 13:10 Euro up in early London trade after IG Metall secures 4 pct wage hike

16/05/2002 13:47 Technical analysis from Commerzbank AG (16th of May)

16/05/2002 14:02 GERMANY 2002 PUBLIC TAX REVENUE E7.7 BN BELOW PREVIOUS EST

16/05/2002 14:02 GERMANY 2003 PUBLIC TAX REVENUE E17.5 BN BELOW PREVIOUS EST.

16/05/2002 14:03 GERMANY 2004 PUBLIC TAX REVENUE E17.7 BN BELOW PREVIOUS EST.

16/05/2002 14:03 GERMANY 2005 PUBLIC TAX REVENUE E18.7 BN BELOW PREVIOUS EST.

16/05/2002 14:03 BOF SURVEY:APRIL IND OUTPUT UP IN ALL SECTORS PRE-MAY HOLIDAYS

16/05/2002 14:04 -BOF SURVEY:NEW DOM ORDERS UP MARKEDLY DUE AUTOS, SEMI-FIN GDS

16/05/2002 14:04 BOF SURVEY: FOREIGN ORDERS ALSO HIGHER; US DEMAND STRONGER

16/05/2002 14:04 BOF SURVEY: FRANCE EXECS FAIRLY CONFIDENT ON POST-2Q OUTPUT

16/05/2002 14:04 BOF SURVEY: FRANCE 1Q GDP FCST +0.4% Q/Q (+0.2%); 2Q +0.5%

16/05/2002 14:05 BOF SURVEY:FINISHED GOODS STOCKS SEEN CLOSE TO DESIRED LEVELS

16/05/2002 14:05 BOF SURVEY: FIN GOODS PRICES HIGHER DUE AUTOS, AG SECTOR

16/05/2002 14:05 BOF SURVEY: APR CAP UTIL RECOVERS, NEAR LEVEL END 3Q 2001

16/05/2002 14:06 BOF SURVEY: MAR-APR REAL ADJ RETAIL SALES +0.7% VS JAN-FEB

16/05/2002 14:06 EURO ZONE Q1 HICP UP 0.8 PCT VS Q4

16/05/2002 14:07 Apr HICP Revised Up Sharply But Core Y/Y Falls

16/05/2002 14:37 Morning Market Update - UBS Warburg

16/05/2002 16:30 FED'S MOSKOW: KEEPING'ACCOMMODATIVE'STANCE WOULD BE INFL'RY

16/05/2002 16:31 MOSKOW:FINAL DEMAND GRWTH STAYING POWER KEY TO TIMING 1ST HIKE

16/05/2002 16:31 MOSKOW:TO SOLIDIFY EXP'SN FINAL DMND MUST'GAIN FIRMER FOOTING'

16/05/2002 16:31 MOSKOW: 'WE APPEAR TO BE ON OUR WAY TO A MODERATE EXPANSION'

16/05/2002 16:32 MOSKOW:TO SOLIDIFY EXP'SN FINAL DMND MUST'GAIN FIRMER FOOTING'

16/05/2002 16:32 MOSKOW: 'INFLATION REMAINS REASONABLY WELL CONTAINED'

16/05/2002 16:32 MOSKOW:LOW INFL GIVES'MORE ROOM TO REACT'IF RECOV PROVES SLOW

16/05/2002 16:33 MOSKOW: ARE 'RISKS AND UNCERT'IES'BUT LON-RUN PROSPECTS 'GOOD'

16/05/2002 16:33 MOSKOW: FIRMS 'CAUTIOUS' ON CAP'L SPENDING, 'HESITANT' TO HIRE

16/05/2002 16:33 MOSKOW: OVERTIME, TEMPS USE 'INDICATIVE OF GOOD NEWS TO COME'

16/05/2002 16:33 MOSKOW: NO PENT-UP CONS DEMAND; BUS. INV'MNT KEY TO EXPANSION

16/05/2002 16:34 MOSKOW: BUS INV'NT'MAY BE IMPROVING SOMEWHAT;'HI TECH STABL'NG

16/05/2002 16:41 NY FED'S STEWART: US BUSINESS STILL CAUTIOUS ON NEW HIRES

16/05/2002 16:42 STEWART: BUSINESS COMMUNITY FINDING DIFFICULT TO RAISE PRICES

16/05/2002 16:42 STEWART: GLOBAL COMPETITION STILL HOLDING DOWN US PRICES

16/05/2002 17:04 OECD: MONPOL SHOULD REMAIN SUPPORTIVE OF NON-INFL. GROWTH

16/05/2002 17:04 OECD: MUST EYE LESS MONETARY STIMULUS WHEN RECOVERY CLEAR

16/05/2002 17:04 OECD:NEED CONTINUED AMPLE LIQUIDITY WHERE DEFLATION PERSISTS

16/05/2002 17:05 OECD MINISTERS PLEDGE TO USE RECOVERY TO BETTER FISCAL STANCE

16/05/2002 17:21 MOSKOW: SEES 'SIGNS OF EMPLOYMENT GROWTH;'HIRING HELPS SPENDNG

16/05/2002 17:22 MOSKOW: EXPECTS EMPLOYMENT GROWTH TO CONTINUE REST OF YEAR

16/05/2002 17:22 MOSKOW:'BUSINESS FIRMS NEED TO STOP DECREASING BUS SPENDING'

16/05/2002 17:22 MOSKOW:IF BUSINESS SPENDING LEVELS OFF THAT WOULD BE FINE

16/05/2002 17:22 MOSKOW:BUSINESSES NEED TO INCREASE SPEND,FOR SUSTAINABLE RECOV

16/05/2002 17:23 MOSKOW: LAST 6 MONTHS SEEN MORE TRANSPARENCY IN ACCT STANDARDS

16/05/2002 17:23 MOSKOW:ACCOUNTING TRANSPARENCY POSITIVE FOR THE ECONOMY

16/05/2002 17:28 MOSKOW:IF NUMBER OF TEMP WKRS GROW, NEGATIVE FOR ECONOMY

16/05/2002 18:08 MOSKOW:CONSUMER SPENDING ON POSITIVE TREND, EVEN EX AUTOS

16/05/2002 18:08 MOSKOW:RE RETAIL SALES,MUST LOOK AT SEVERAL MONTHS OF RPTS

16/05/2002 20:01 PHILADELPHIA FED BUSINESS ACTIVITY INDEX 9.1 MAY VS 12.3 APR

16/05/2002 20:02 PHILADELPHIA FED PRICES PAID INDEX 19.7 MAY VS 7.5 APR

16/05/2002 20:02 PHILADELPHIA FED NEW ORDERS INDEX 10.2 MAY VS. 12.8 APR

16/05/2002 20:04 PHILADELPHIA FED PRICES RECEIVED 7.3 MAY VS 2.1 APR

16/05/2002 20:04 PHILADELPHIA FED DELIVERY TIME INDEX -10.3 MAY VS -5.6 APR

16/05/2002 20:04 PHILADELPHIA FED EMPLOYMENT INDEX 5.1 MAY VS. -3.5 APR

16/05/2002 20:04 PHILADELPHIA FED SHIPMENTS INDEX 17.3 MAY VS. 16.4 APR

16/05/2002 20:05 PHILADELPHIA FED 6-MO OUTLOOK INDEX 51.3 MAY VS 48.3 APR

16/05/2002 20:05 PHIL FED: REGIONAL MFG SECTOR CONTINUES RECOVERY

16/05/2002 20:05 PHIL FED: EMPLOYMENT SHOWS STRONG IMPROVEMENT IN MAY

16/05/2002 20:05 PHIL FED: EMPLYMNT, CAP SPENDING OUTLOOKS FALL MODESTLY

16/05/2002 20:13 TREBING: EMPLOYMENT FIRST POSITIVE READING IN ABOUT 19 MONTHS

16/05/2002 20:56 DUISENBERG:'LESS THAN ENTIRELY SATISFIED' W/RECENT INFL MOVES

16/05/2002 20:56 DUISENBERG:IMPORTANT NOW TO REMAIN VIGILANT ON INFL. FACTORS

16/05/2002 20:56 DUISENBERG:ECB DETERMINED NOT TO RISK PRICE STAB. ACHIEVEMENTS

16/05/2002 21:00 DUISENBERG INFL. REMARKS IDENTICAL TO MAY 2 NEWS CONF, ECB RPT

16/05/2002 21:11 DUISENBERG: MON POL NOT SUITABLE TOOL TO FINE TUNE ECONOMY

16/05/2002 21:12 DUISENBERG:ECB TAKES RESOLUTE TIMELY ACTION TO KEEP PRICE STAB

16/05/2002 22:58 STERN:FED'APPROPRIATELY ACCOMMOD'VE'DESPITE SLOW MONEY GRWTH

16/05/2002 22:58 STERN: NAIRU ONCE SAID 6% BUT 'NOT GOING TO FALL BACK ON THAT'

16/05/2002 22:58 STERN:TIGHT'NG BIAS LANGUAGE WON'T CONSTRAIN FED RATE DECISION

16/05/2002 22:58 STERN: CONS SPENDING TO GROW AS MUCH OR MORE THAN BUS INV'MNT

16/05/2002 22:59 STERN: RETAIL SALES CONSISTENT WITH MODEST EXPANSION

16/05/2002 22:59 STERN: 'STARTING TO HEAR REPORTS OF IMPROVEMENT IN PROF'BTY'

16/05/2002 22:59 STERN: 'NOT TROUBLED'BY BANK LENDING RESTRAINT,MONEY AVAILABLE

16/05/2002 22:59 STERN: BY MOST MEASURES ECON'ALREADY OPERATING AT A HIGH RATE'