Forex news and forecasts archive for 2002-11-07

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07/11/2002 08:18 Good morning!

07/11/2002 08:20 Global Calendar for Thursday, Nov. 7 and Friday Nov. 8

07/11/2002 08:23 HANG SENG INDEX CLOSES MORNING UP 3.38 PTS AT 9,777.36

07/11/2002 08:25 Forex - Dollar/yen firms in late morning but weak tone remains on economy woes

07/11/2002 10:11 GERMANY OCT CPI REVISED TO UNCH M/M; +1.3% Y/Y (-0.1%;+1.2%)

07/11/2002 10:12 GERMANY OCT HICP REVISED TO -0.1% M/M;+1.3% Y/Y (-0.2%,+1.2%)

07/11/2002 10:12 GERMANY FINAL OCT CPI EX-OIL +0.9% Y/Y; SEP +1.0% Y/Y

07/11/2002 10:14 US rate cut - full text of statement

07/11/2002 11:01 DAX OPENS 0.33 POINTS LOWER AT 3,298.51

07/11/2002 11:01 CAC-40 INDEX OPENS 28.26 PTS HIGHER AT 3,241.12

07/11/2002 11:10 HANG SENG INDEX CLOSES UP 70.40 PTS 9,844.38

07/11/2002 11:10 GERMAN OCT JOBLESS UP ADJ 22,000 VS SEPT

07/11/2002 11:11 EAST GERMAN OCT JOBLESS DOWN ADJ 5,000 VS SEPT

07/11/2002 11:12 WEST GERMAN OCT JOBLESS UP ADJ 27,000 VS SEPT

07/11/2002 11:13 GERMAN OCT TOTAL JOBLESS 3.93 MLN VS 3.94 MLN IN SEPT

07/11/2002 11:14 GERMAN OCT JOBLESS RATE 9.4 PCT VS 9.5 PCT IN SEPT

07/11/2002 11:24 HANG SENG NOV CONTRACT CLOSES AT 9,810 PTS

07/11/2002 11:30 DANISH SEPT UNEMPLOYMENT 5.3 PCT VS 5.2 IN AUG

07/11/2002 11:31 DANISH SEPT INDUSTRIAL SALES UP 1 PCT FROM AUG; ORDERS UP 6

07/11/2002 11:33 DUTCH SEPT INDUSTRIAL OUTPUT DOWN 2.3 PCT YR-ON-YR

07/11/2002 11:52 GERMANY AUG SA PAYROLL JOBS -64,000; JULY -39,000 (-5,000)

07/11/2002 11:54 PAN-GERMANY OCT. SA JOB VACANCIES -10,000; SEPT -17,000 (-17,000)

07/11/2002 11:55 WEST GERMANY OCT. UNADJ. UNEMPLOYMENT RATE 7.7% VS SEPT 7.7%

07/11/2002 11:56 EAST GERMANY OCT. UNADJ. UNEMPLOYMENT RATE 16.9% VS SEPT 17.2%

07/11/2002 12:17 BBK: SA PAN-GERMANY OCT UNEMPLOYMENT RATE 9.9%; SEP 9.8%

07/11/2002 12:18 BBK: SA E. GERMANY OCT UNEMPLOYMENT RATE 17.9%; SEP 18.0%

07/11/2002 12:19 BBK: SA GERMANY OCT JOB VACANCIES 416,000; SEP 426,000

07/11/2002 12:20 BBK: SA W. GERMANY OCT UNEMPLOYMENT RATE 8.0%; SEP 8.0%

07/11/2002 12:37 UK JUL-SEP HOUSING STARTS +9% Q/Q; +4% Y/Y, SA

07/11/2002 12:59 ECB meets in shadow of Fed's 0.5pc cut

07/11/2002 13:00 German jobless total rises in October

07/11/2002 13:36 UK OCT BRC SHOP PRICE INDEX DN 0.32% M/M; UP 0.79% Y/Y

07/11/2002 14:02 EU SEES 4Q EMU GDP FCAST AT +0.2-0.5% Q/Q (UNREVISED)

07/11/2002 14:03 EU SEES 3Q EMU GDP FCAST AT +0.2-0.5% Q/Q (UNREVISED)

07/11/2002 14:04 EMU 2Q NET EXPORT CONTRIBUTION UNREVISED AT +0.2 PCT PT

07/11/2002 14:05 EMU 2Q GDP UNREVISED AT +0.4% Q/Q, +0.7% Y/Y

07/11/2002 14:06 EMU 2Q INVENTORY CHG CONTRIBUTION REVISED TO +0.2 PT (+0.1 PT)

07/11/2002 14:06 EMU 2Q EXPORTS REVISED TO +1.6% Q/Q FROM +1.8%

07/11/2002 14:07 EMU 2Q EXTERNAL BALANCE UNREVISED AT +3.1% OF GDP

07/11/2002 14:08 EMU 2Q GOVT CONSUMPTION UNREVISED AT +0.4% Q/Q

07/11/2002 14:36 UK BROWN: RESTATES EUROZONE STABILITY PACT NEEDS REFORM

07/11/2002 14:37 UK BROWN: STILL IN TALKS WITH EU MEMBERS ON STAB. PACT REFORM

07/11/2002 14:38 UK BROWN: THERE IS ABSOLUTELY NO DOUBT WE FACE WORLD DOWNTURN

07/11/2002 14:52 Forex - Dollar firms in midmorning London trade as market digests US rate cut

07/11/2002 15:36 BANK OF ENGLAND LEAVES REPO RATE UNCHANGED AT 4.00%

07/11/2002 15:38 NASDAQ 100 DEC FUTURES CONTRACT DOWN 14.50 AT 1,054.50 AT 7.26 AM

07/11/2002 15:38 DJIA DEC FUTURES CONTRACT DOWN 62.00 AT 8,705.00 AT 7.29 AM

07/11/2002 15:38 S&P 500 DEC FUTURES CONTRACT DOWN 7.20 AT 7.20 AT 7.30 AM

07/11/2002 15:40 UK STRAW: UN SECURITY COUNCIL VOTE ON IRAQ POSS. FRI NIGHT

07/11/2002 15:52 ECB LEAVES VARIABLE REFI MINIMUM BID RATE UNCHANGED AT 3.25%

07/11/2002 15:52 ECB LEAVES DEPOSIT AND MARGINAL LENDING RATES UNCHANGED

07/11/2002 15:53 ECB RATES UNCHANGED

07/11/2002 15:53 EURO SLIPS BELOW PARITY WITH DOLLAR AFTER ECB HOLDS RATES

07/11/2002 15:58 UK's Blair doubts agreement on Iraqi UN resolution will be reached by Monday

07/11/2002 15:59 UK's Straw: Iraq UN Resolution Vote Poss. As Early As Friday>

07/11/2002 15:59 EURO RECOVERS SHARPLY AGAINST DOLLAR AFTER INITIAL DROP ON ECB RATE DECISION

07/11/2002 16:03 German shares fall further after ECB keeps rates on hold

07/11/2002 16:27 Eurostat reiterates eurozone forecasts

07/11/2002 16:27 ECB votes to leave interest rates on hold

07/11/2002 16:29 3Q US NONFARM PRODUCTIVITY +4.0% (2Q +1.7%); Y/Y +5.3%

07/11/2002 16:30 3Q US UNIT LABOR COSTS +0.8% (2Q +2.2%); Y/Y -2.0%

07/11/2002 16:32 US INITIAL CLAIMS 4-WK AVG +250 TO 402,000 IN NOV 2 WEEK

07/11/2002 16:33 US WEEKLY JOBLESS CLAIMS DOWN 20,000 TO 390,000

07/11/2002 16:34 DUISENBERG: ECB DISCUSSED ARGUMENTS FOR/AGAINST RATE CUT

07/11/2002 16:35 DUISENBERG:EXTENSIVE DISCUSSION OF PRO AND CONS OF RATE MOVE

07/11/2002 16:36 DUISENBERG:ECB TO MONITOR CLOSELY DOWNSIDE EMU GROWTH RISKS

07/11/2002 16:37 DUISENBERG: HIGH UNCERTAINTY ON FUTURE GROWTH, INFLATION

07/11/2002 16:38 DUISENBERG: STRONG M3 EXPANSION SHLD BE INTERPRETED W/CAUTION

07/11/2002 16:39 DUISENBERG:LOW LEVEL OF SHORT RATES BOOSTING DEMAND FOR M3

07/11/2002 16:40 DUISENBERG: ALL EVIDENCE ON M3 SHOWS EXCESS LIQUIDITY EXISTS

07/11/2002 16:42 DUISENBERG:GIVEN WEAK GROWTH,HIGH M3 NOT SEEN AS INFL. RISK

07/11/2002 16:43 DUISENBERG: DATA SHOWS REAL GDP GROWING ONLY MODERATELY

07/11/2002 16:44 DUISENBERG: MARKETS HAVE SHOWN SIGNS OF STABILITY RECENTLY

07/11/2002 16:45 DUISENBERG:STILL SEE EMU GDP RETURN TO POTENTIAL DURING 2003

07/11/2002 16:46 DUISENBERG:UNCERTAINTY IN ECB 2003 FORECAST REMAINS HIGH

07/11/2002 16:47 DUISENBERG:DUISENBERG:VERY HARD TO PREDICT TIMING, STRENGTH OF UPSWING

07/11/2002 16:48 DUISENBERG:BUT FURTHER HICP RISE SHLD BE ONLY TEMPORARY

07/11/2002 16:49 CLARIFY:DUISENBERG:CAN'T RULE OUT FURTHER HICP RISE EARLY '03

07/11/2002 16:50 DUISENBERG SAYS CANNOT RULE OUT DELAY IN RETURN OF INFLATION TO UNDER 2 PCT

07/11/2002 16:51 DUISENBERG: VIGILANCE WARRANTED ON EMU PRICE OUTLOOK

07/11/2002 16:53 DUISENBERG AGAIN URGES DECISIVE STRUCTURAL REFORMS

07/11/2002 16:54 DUISENBERG:STRONG ECB CONSENSUS BUDG DISCIPLINE INDISPENSIBLE

07/11/2002 16:55 DUISENBERG:VIEW TODAY THAT WOULD BE WISE TO LEAVE RATES UNCH.

07/11/2002 16:57 DUISENBERG:SOMEWHAT SURPRISED BY SIZE OF FED CUT

07/11/2002 16:58 DUISENBERG:UNCERTAINTY CITED BY FED SAME AS SEEN BY ECB

07/11/2002 16:58 DUISENBERG:FOMC'S ASSESSMENT VERY SIMILAR TO THAT OF ECB

07/11/2002 16:59 DUISENBERG:ECB SHLD HELP GROWTH/JOBS IF NO PRICE STAB. RISK

07/11/2002 17:00 DUISENBERG SAYS ECB CONSIDERS GROWTH IN ALL RATE DECISIONS

07/11/2002 17:02 DUISENBERG: DON'T KNOW YET 2003 PROJECTIONS, ONLY IN DEC.

07/11/2002 17:02 DUISENBERG:THINK STAB. PACT DEBATE THING OF THE PAST

07/11/2002 17:03 DUISENBERG:PLEASED EUROGROUP TO STOP TALKING ABOUT STAB PACT

07/11/2002 17:05 DUISENBERG:DEBATE TODAY SAYS NOTHING ON FUTURE CUT TIMING/SIZE

07/11/2002 17:51 NASDAQ COMPOSITE DOWN 24.14 AT 1,394.85 AT 9.51 AM

07/11/2002 17:59 US SEP WHLESLE INVENTORIES +0.5%;AUG REV TO +0.1%(PRV +0.2%)

07/11/2002 18:00 US SEPT WHOLESALE SLS +0.1%, DURABLES +0.4%, NONDURABLE -0.3%

07/11/2002 18:01 US SEPT WHOLESALE DURABLE INVENTORIES +0.2%; NONDURABLES +0.9%

07/11/2002 18:02 US SEPT WHLESLE AUTO INV +2.7%;SALES -1.1%;I/S 1.32 V AUG 1.27

07/11/2002 18:03 US SEPT WHLESLE PETRO INV +4.2%;SALES+1.8%;I/S 0.30 V AUG 0.29

07/11/2002 18:24 ECB leans ever closer to rate reduction

07/11/2002 18:25 US productivity picks up pace in Q3

07/11/2002 18:31 IMF: RECEIVED LATEST ARGENTINA LETTER OF INTENT WEDS NIGHT

07/11/2002 21:59 FOMC MINS:FEARED DISINFL MIGHT CREATE PROBLEMS'IN POL MAKING

07/11/2002 21:59 MINUTES: FOMC WANTED 'MORE EVIDENCE OF SUBPAR EXPANSION' 9/24

07/11/2002 22:00 MINUTES:SAW BIZ INVEST'SIGNIFICANT QUESTION MARK';HIGH CAUTION

07/11/2002 22:00 MINUTES: FOMC ASKED IF GROWTH STRONG ENOUGH TO REDUCE UNEMP

07/11/2002 22:00 MINUTES:FALLING INFL MIGHT MEAN 'UNWELCOME'REAL FED TIGHTENING

07/11/2002 22:00 MINUTES: LACK OF JOB GROWTH SEEN HURTING CONSUMER SPENDING

07/11/2002 22:00 MINUTES:SOME READY TO 'EASE PROMPTLY' IF 'COMPELLING EVIDENCE'

07/11/2002 22:00 MINUTES: FED STAFF SAW GROWTH BELOW POTENTIAL FOR LONGER TIME

07/11/2002 22:00 US COMMERCE SECRETARY EVANS: US ECON RECOVERY 'ACCEPTABLE'

07/11/2002 22:01 EVANS: US ECON FUNDAMENTALS IN GOOD SHAPE

07/11/2002 22:05 EVANS: US ECON FUNDAMENTALS IN GOOD SHAPE

07/11/2002 22:07 EVANS: LOOKING TO MAKE 2001 TAX CUTS PERMANENT

07/11/2002 22:08 EVANS: COMFORTABLE WITH US DEBT TO GDP AT 32-33%

07/11/2002 22:09 BUSH:WANT TO WORK WITH NEW CONGRESS TO MAKE ECONOMY STRONGER

07/11/2002 22:10 EVANS: WLD BE CONCERNED IF DEBT % TO GDP CLIMBS TO 50%

07/11/2002 22:12 BUSH:HAVE 'RESPONSIBILITY TO STRENGTHEN THE ECONOMY'

07/11/2002 22:13 BUSH:CONGRESS MUST SHOW'FISCAL DISCIPLINE,'THOUGH LATE IN GAME

07/11/2002 22:14 BUSH:MANY US 'FUNDAMENTAL ECONOMIC INDICATORS ARE GOOD'

07/11/2002 22:16 BUSH:ECON HAS COME 'OUT OF RECESSION,' BUT NOT SATISFIED

07/11/2002 22:17 BUSH:WILL WORK W/CONGRESS ON NEW JOBS PACKAGE NEXT YEAR

07/11/2002 22:18 BUSH:NO SPECIFICS OF NEW ECONOMIC PROGRAM YET

07/11/2002 22:20 BUSH:'WAR IS NOT MY FIRST CHOICE,' THOUGH AN OPTION

07/11/2002 22:21 BUSH:THERE IS A CHANCE IRAQ MAY DISARM PEACEFULLY

07/11/2002 22:23 DAX CLOSES 143.18 POINTS LOWER AT 3,155.66

07/11/2002 22:25 BUSH:'MAKING GOOD PROGRESS'ON ECON; STILL WORK TO DO

07/11/2002 22:26 BUSH:WILLIAM WEBSTER A GOOD MAN;WAITING FOR SEC INVESTIGATION

07/11/2002 22:29 BUSH:IRAQ 'STATUS QUO IS UNACCEPTABLE'

07/11/2002 22:34 BUSH:REPEATS 'I HOPE WE DON'T HAVE WAR' WITH IRAQ

07/11/2002 23:11 SEP US CONS CREDIT +$9.9 BN VS AUG +$5.6 BN (PREV +$4.2BN)

07/11/2002 23:11 SEP US NONREVOLVING CREDIT +$4.3 BLN VS AUG -$0.4 BLN

07/11/2002 23:11 SEP US REVOLVING CREDIT +$5.6 BLN VS AUG +$6.0 BLN

07/11/2002 23:11 3Q CONS CREDIT +6.0% ANN. RATE VS. 2Q +4.5% ANN. RATE

07/11/2002 23:11 FED: SEP INTEREST RATE ON CAR LOANS 2.43% VS. 2.23% IN AUG

07/11/2002 23:13 3Q REVOLV CRED +9.5% VS 2Q +5.0%;NONREVOLVING +3.6% V +4.2%