Turkey this week caught the markets attention on two occasions, the first, after Moody’s upgraded Turkey’s sovereign bond ratings to investment grade (Baa3), in line with Fitch at BBB- and above S&P at BB+. The second time occurred after Turkey’s Central Bank extended its monetary easing cycle. The rating upgrade has been a part of “consensus expectations for an extended period and was one of the main drivers of real money demand for Turkish bonds in the past 12-months.” Investors [...] read more
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Posted by Stuart McPhee at 11:50 pm EDT, 05/21/2013
Posted by Stuart McPhee at 11:46 pm EDT, 05/21/2013
Posted by Stuart McPhee at 11:43 pm EDT, 05/21/2013
May
22
Today’s Global
Market Events
Market Events
Tentative
JPY
BOJ Press Conference
4:00am
EUR
Current Account
(F)14.2B (P)16.3B
(F)14.2B (P)16.3B
4:30am
GBP
MPC Meeting Minutes
(F)0-0-9 (P)0-0-9
(F)0-0-9 (P)0-0-9
GBP
Retail Sales m/m
(F)0% (P)-0.7%
(F)0% (P)-0.7%
GBP
Public Sector Net Borrowing
(F)7.6B (P)16.7B
(F)7.6B (P)16.7B
EUR
German 10-y Bond Auction
(F)N/A (P)1.28/1.6
(F)N/A (P)1.28/1.6
All Day
EUR
EU Economic Summit
6:00am
CHF
SNB Chairman Jordan Speaks
GBP
CBI Industrial Order Expectations
(F)-18 (P)-25
(F)-18 (P)-25
7:00am
GBP
MPC Member Bean Speaks
8:30am
CAD
Core Retail Sales m/m
(F)0.2% (P)0.7%
(F)0.2% (P)0.7%
CAD
Retail Sales m/m
(F)0.2% (P)0.8%
(F)0.2% (P)0.8%
10:00am
USD
Existing Home Sales
(F)4.99M (P)4.92M
(F)4.99M (P)4.92M
USD
Fed Chairman Bernanke Testifies
USD
Treasury Sec Lew Speaks
10:30am
USD
Crude Oil Inventories
(F)-0.4M (P)-0.6M
(F)-0.4M (P)-0.6M
2:00pm
USD
FOMC Meeting Minutes
9:00pm
AUD
MI Inflation Expectations
(F)N/A (P)2.2%
(F)N/A (P)2.2%
9:45pm
CNY
HSBC Flash Manufacturing PMI
(F)50.5 (P)50.4
(F)50.5 (P)50.4


