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UK Chancellor Calls For Continued Spending

Chancellor Alistair Darling called upon his counterparts in the G20 to “see though measures to support demand and repair the financial system” though continued stimulus spending. Warning governments not to be “complacent” about the economic recovery, Darling cautioned “We cannot yet be sure the global recovery has sufficient momentum to be sustained and durable.”

The Times

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December
23
Today’s Global
Market Events
8:30 am

CAD
GDP m/m
0.3% vs. 0.4%
USD
Core PCE Price Index m/m
0.1% vs. 0.2%
USD
Personal Spending m/m
0.6% vs. 0.7%
USD
Personal Income m/m
0.4% vs. 0.2%
9:55 am

USD
Revised UOM Consumer Sentiment
74.0 vs. 73.4
USD
Revised UOM Inflation Expectations
2.1%
10:00 am

USD
New Home Sales
442k vs. 430k
10:30 am

USD
Crude Oil Inventories
-1.5m vs. -3.7m
6:50 pm

JPY
BSI Manufacturing Index
11.2 vs. 15.5
JPY
Monetary Policy Meeting Minutes