08:15 US Sept ADP Employment Change
10:30 DoE Crude Oil/Gasoline/Distillate Inventories
Todays Headlines
5:36:30 AM
(BE) Belgium Debt Agency sells total €2.8B in 3-month and 6-month Bills
- Sells €903M in 3-month bills; avg yield 0.563% v 0.400% prior
- Sells €1.9B in 6-month bills; avg yield 0.621% v 0.449% prior
5:30:11 AM
*(EU) EU COMMISSION QUARTERLY REPORT: GOVTS NEED TO MAKE MORE GROWTH ENHANCING REFORMS
- Reforms need to be front-loaded to mitigate corporate slowdown.
- Still sees liquidity issues for Euro region banks.
- Sees the recovery in Euro region as moderate, uneven with risks remaining.
7:24:06 AM
Analysts at JP Morgan comment on banks' earnings ahead of Q3; expect large banks cap to beat estimates
- Cites better net interest income from a slower drop in earnings assets
- Raises estimates for large cap banks for Q3 and 2010 to reflect higher mortgage production revenues and better net interest income
- Trimming 2011 and 2012 EPS to reflect a slower recovery resulting in slower decline in credit losses and loan growth.
- Expect credit trends to improve further with lower delinquencies and credit losses
10:48:07 AM
(EU) ECB remains divided on when to remove stimulus measures; some members in favor of tightening collateral regulations - unconfirmed report
- ECB considering moving back to a variable rate with 1 and 3 month operations
- ECB remains cautious on economy and peripherals
11:03:31 AM
NY Fed: Purchased $5.19B in outright coupon purchase; dealers submitted $23.6B for consideration (bid to cover 4.5)
- Heaviest purchase $1.01B in the 11/30/16 maturity
- Avg bid to cover over prior four auctions is: 5.9
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