March 15, 2010 8:19 AM
Bobbys Corner-Open Market-March.15.2010
0
Good Morning:
GBP was the main driver in overnight markets as Moody's warned the UK (and US) of losing their AAA rating, The UK's political problems and poor UK housing data also contributed to sterling's woes.
In the Euro Zone, no political decisions have been made regarding an aid package for Greece. Greece has not asked for any direct aid as of yet. The Greek government insists it will work out it's debt problems themselves. EU ministers begin a 2 day meeting in Brussels today to discuss the Greek debt issue.
World equity markets were mostly lower-and US futures are also pointing to a lower opening this morning.
Commodities were mostly lower-lead by metals. Concerns that China and India may restrict economic growth to curb inflation, lead to the drop.
Oil:$80.79 Gold:$1106.20
HAVE A GREAT DAY & GOOD LUCK
- Plosser says no need for further policy accomodations
- Retail Sales: Weaker headline, Better Ex Auto. Revisions not so good. Dollar higher
- US Import Price Index at expectations while Advance Retail Sales higher yet lower than expected
- BOE’s King says UK inflation to fall to around 2% by the end of 2011.
- ZEW comments
- Eurozone ZEW -8.1 (-32.5 prior).
- UK CPI Jan (y/y) 3.6% as expected.
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