Forex news and forecasts archive for 2002-10-08

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08/10/2002 08:07 Global Calendar for Tuesday, October 8

08/10/2002 08:21 Japan Sept. Wholesale Prices Unchanged From August

08/10/2002 08:23 Australia Companies Say Profits Improved in September

08/10/2002 08:26 U.S. Economy: Consumer Credit Grows at Slowest Rate in 8 Months

08/10/2002 08:28 Tokyo stocks close morning higher, dollar higher against yen

08/10/2002 08:30 Forex - Euro/yen higher in late morning Tokyo on Japan policy worries, Iraq

08/10/2002 08:37 HANG SENG INDEX CLOSES MORNING UP 20.14 PTS AT 8,951.54

08/10/2002 09:21 Forex - Yen recovers in midafternoon Tokyo after 20-yr bond auction

08/10/2002 11:29 GERMAN SEPT JOBLESS DOWN ADJ 1,000 VS AUG

08/10/2002 11:30 WEST GERMAN SEPT JOBLESS UP ADJ 8,000 VS AUG

08/10/2002 11:31 EAST GERMAN SEPT JOBLESS DOWN ADJ 9,000 VS AUG

08/10/2002 11:42 DUISENBERG:SOME DOWNWARD RISKS TO EMU GDP HAVE MATERIALISED

08/10/2002 11:43 DUISENBERG:HAS BEEN NECESSARY TO SCALE DOWN 2002 GDP OUTLOOK

08/10/2002 11:44 DUISENBERG:STRONGER EURO HAS HELPED BALANCE PRICE RISKS

08/10/2002 11:45 DUISENBERG: EMU MONETARY GROWTH STRONG, LIQUIDITY AMPLE

08/10/2002 11:46 DUISENBERG:SOME HIGH M3 GROWTH DUE TO FIN. MKT UNCERTAINTY

08/10/2002 11:47 DUISENBERG: M3 GROWTH MAY ALSO REFLECT LOW INTEREST RATES

08/10/2002 11:48 DUISENBERG:ASSESSMENT OF M3 DEVELOPMENTS 'COMPLEX' AT MOMENT

08/10/2002 11:50 DUISENBERG:UNLIKELY HIGH M3 INFLATIONARY GIVE WEAK ECONOMY

08/10/2002 11:52 DUISENBERG:MOST LIKELY SCENARIO IS EMU GDP PICKUP IN 2003

08/10/2002 11:53 DUISENBERG:MOST LIKELY EMU GDP TO REACH POTENTIAL LATER IN '03

08/10/2002 11:55 DUISENBERG:IF OIL PRICES DON'T RISE MORE,CONSUMPTION SHLD RISE

08/10/2002 11:57 DUISENBERG:UNCERTAINTY ON EMU ECO OUTLOOK HIGH IN SHORT TERM

08/10/2002 11:58 DUISENBERG:STOCK MKT DROP HAS INCREASED RECOVERY UNCERTAINTY

08/10/2002 11:59 DUISENBERG:EMU HICP HOVERING AROUND 2%, AS EXPECTED

08/10/2002 12:04 DUISENBERG:SUBDUED ECONOMY, HIGHER EURO SHLD DAMPEN EMU INFL.

08/10/2002 12:06 GERMANY IND. ASSOC. SURVEY SEES 2002 EXPORT GROWTH AT +1.5%

08/10/2002 12:07 GERMANY IND. ASSOC. SURVEY SEES 2003 EXPORT GROWTH OF UP TO +4%

08/10/2002 12:08 DUISENBERG: ECB INTEREST RATES NOW APPROPRIATE

08/10/2002 12:09 DUISENBERG: OIL, WAGES, M3 UPSIDE PRICE RISKS, MUST MONITOR

08/10/2002 12:11 DUISENBERG REPEATS:PRICE STABILITY ECB'S BEST CONTRIBUTION

08/10/2002 12:12 PAN-GERMANY SEP. UNADJ. UNEMPLOYMENT RATE 9.5% VS AUG 9.6%

08/10/2002 12:13 WEST GERMANY SEP. UNADJ. UNEMPLOYMENT RATE 7.7% VS AUG 7.8%

08/10/2002 12:14 EAST GERMANY SEP. UNADJ. UNEMPLOYMENT RATE 17.2% VS AUG 17.7%

08/10/2002 12:14 DUISENBERG:SOUND FISCAL POLICY NEEDED TO BOOST GDP POTENTIAL

08/10/2002 12:16 DUISENBERG:EMU FISCAL POLICY VERY DISAPPOINTING LAST FEW YEARS

08/10/2002 12:18 DUISENBERG:CRUCIAL THAT FISCAL POLICY MEETS EU STABILITY PACT

08/10/2002 12:20 DUISENBERG:LACK OF CONFIDENCE, NOT RATE LEVEL,MAIN ECO PROBLEM

08/10/2002 12:22 DUISENBERG:ECB RATE POLICY NO HINDERANCE WHATSOEVER TO GROWTH

08/10/2002 12:24 DUISENBERG:ECB POLICY CAN BE CONSIDERED TO BE ACCOMMODATIVE

08/10/2002 12:25 DUISENBERG:PLEASED THAT EUROGROUP DECISION ON BUDGET POLICY

08/10/2002 12:26 HANG SENG INDEX CLOSES UP 46.01 PTS AT 8,977.41

08/10/2002 12:27 DUISENBERG: ECB SEES NO RISK OF EMU-WIDE DEFLATION

08/10/2002 12:29 DUISENBERG:NOTES GERMANY, BELGIAN INFL. RATES AROUND 1%

08/10/2002 12:29 DUISENBERG:SEE EMU-WIDE INFL. AROUND 2% REST OF 2002

08/10/2002 12:31 DUISENBERG:EMU INFL. TO FALL 'ONLY JUST' BELOW 2% IN 2003

08/10/2002 12:32 DUISENBERG:IMF'S KOEHLER SAID NEED REFORMS BEFORE ECB RATE CUT

08/10/2002 12:34 BBK: SA E. GERMANY SEP UNEMPLOYMENT RATE 18.0%; AUG 18.1%

08/10/2002 12:34 BBK: SA W. GERMANY SEP UNEMPLOYMENT RATE 7.9%; AUG 7.9%

08/10/2002 12:35 BBK: SA GERMANY SEP JOB VACANCIES 427,000; AUG 444,000

08/10/2002 12:36 BBK: NSA GERMANY SEP SHORT-TIME WORKERS 216,000; AUG 145,000

08/10/2002 12:37 DUISENBERG:ECO. OUTLOOK 'MUCH MORE MODERATE' THAN ECB EXPECTED

08/10/2002 12:39 DUISENBERG:BUT WEAKER OUTLOOK NOT DUE MONETARY, FISCAL POLICY

08/10/2002 12:40 DUISENBERG:WEAKER OUTLOOK DUE LACK OF CONFIDENCE

08/10/2002 12:41 HANG SENG OCT CONTRACT CLOSES AT 8,965 PTS

08/10/2002 12:43 DUISENBERG:COULD FIND ANSWER TO LOW CONFIDENCE IF GOVT REFORMS

08/10/2002 12:44 DUISENBERG: STRUCTURAL ENVIRONMENT MUCH WORSE THAN IN U.S.

08/10/2002 12:45 DUISENBERG:STOCK MKT DROP IMPACT IN EMU MORE LIMITED THAN US

08/10/2002 12:46 DUISENBERG:CONDITIONS OF EMU BANKS STILL SEEN AS 'SOUND'

08/10/2002 12:58 DUISENBERG:'DON'T KNOW' HOW LONG ECB RATE TO REMAIN UNCHANGED

08/10/2002 12:59 DUISENBERG: ECB HATES DEFLATION AS MUCH AS DO INFLATION

08/10/2002 13:01 DUISENBERG: AGAINST RAISING ECB'S 2% PRICE STAB. LIMIT

08/10/2002 13:02 DUISENBERG:RAISING INFL. LIMIT SO SOON WOULDN'T INSPIRE CONFID

08/10/2002 13:03 DUISENBERG:LIKE STAB. PACT, SHOULDN'T CHANGE RULES OF GAME

08/10/2002 13:12 DUIENBERG:LOWER INFL, NOT HIGHER WAGES, TO BOOST DOM. DEMAND

08/10/2002 13:14 DUISENBERG:HIGHER DOMESTIC DEMAND TO LEAD EMU RECOVERY

08/10/2002 13:28 ECB AVERAGE REFI RATE 3.28 PCT; MARGINAL RATE 3.27 PCT

08/10/2002 13:32 DUISENBERG:IF EMU HICP OUTLOOK BELOW 1%, CLOSE TO DEFL. RISK

08/10/2002 13:34 DUISENBERG:LOWER REAL RATES NO MAJOR HELP AVOIDING RECESSION

08/10/2002 13:35 DUISENBERG SAYS DEFLATION PROSPECT MORE THREATENING IF INFLATION BELOW 1 PCT

08/10/2002 13:37 DUISENBERG:REAL RATES ONLY SMALL FACTOR IN INVEST. DECISIONS

08/10/2002 13:45 Forex - Dollar gains ground in early London after euro group disagreements

08/10/2002 13:50 Asia Markets Rise from Wreckage

08/10/2002 14:00 German jobless falls back under four million

08/10/2002 14:04 European Forex Trading Preview

08/10/2002 15:38 SOURCES: UBSW-BTM INDEX IN WK TO OCT 5 +0.8% W/W; -1.0% M/M

08/10/2002 15:39 DJIA DEC FUTURES CONTRACT UP 46.00 AT 7,489.00 AT 7.39 AM

08/10/2002 15:40 NASDAQ 100 DEC FUTURES CONTRACT UNCHANGED AT 813.00 AT 7.39 AM

08/10/2002 15:41 S&P 500 DEC FUTURES CONTRACT UP 4.50 AT 793.00 AT 7.40 AM

08/10/2002 15:46 US BTM-UBSW SAME-STORE SALES +0.8% IN OCT05 WK VS PRIOR WK

08/10/2002 15:47 US BTM-UBSW: SALES GENERALLY ABOVE PLAN

08/10/2002 15:47 US BTM-UBSW SAME-STORE SALES +3.7% IN OCT05 WK VS YR-AGO

08/10/2002 15:58 Forex - Dollar firm against euro in midday London after Duisenberg comments

08/10/2002 16:55 US REDBOOK SEPT STORE SALES -0.7% VS AUG THROUGH OCT 5 WK

08/10/2002 16:55 US REDBOOK: SEPTEMBER 2002 STORE SALES +0.9% VS SEPTEMBER 2001

08/10/2002 16:55 US REDBOOK:STORE SALES +0.6% IN WK ENDED OCT 5 VS YR-AGO WK

08/10/2002 18:01 US RICHMOND FED: SEPT MFG SHIPMENTS INDEX -12 VS AUG -5

08/10/2002 18:01 US RICHMOND FED: SEPT MFG NEW ORDERS INDEX -15 VS AUG -4

08/10/2002 18:01 US RICHMOND FED: SEPT MFG PRICES PAID INDEX 0.81 VS AUG 0.73

08/10/2002 18:04 US RICHMOND FED: SEPT SVC-SECTOR REVENUES INDEX 10 V AUG -2

08/10/2002 18:04 US RICHMOND FED: SEPT RETL SALE REVENUES INDEX -3 VS AUG -7

08/10/2002 18:08 FED MCDONOUGH:QUITE EXPANSIVE US MON./FISCAL POL. APPROPRIATE

08/10/2002 18:09 MCDONOUGH:FED SEES US 3Q02 GDP +3.75%, 4Q02 AND 1Q03 +3%

08/10/2002 19:40 BIES: NOT ALL NON-BANKING FIRMS FOCUSING ON RISK MANAGEMENT

08/10/2002 19:40 BIES: FIRMS SHOULD 'MONITOR ALL RELEVANT RISKS'

08/10/2002 19:40 FED'S BIES:BANK RISK MNGMNT ENABLES RECORD EARN DESPITE LOSSES

08/10/2002 19:41 BIES: DON'T NEED STANDARD ACCOUNTING FRAMEWORK FOR ALL

08/10/2002 19:41 BIES: 'SOUND CORP GOVERNANCE ESSENTIAL ELEMENT'IN RISK MAN'MNT

08/10/2002 19:46 EU SOLBES:NOV. RIGHT TIME TO DECIDE ON FRANCE EARLY WARNING

08/10/2002 19:46 EU SOLBES:COMMISSION FEELS FRANCE DEFICIT GETTING CLOSE TO 3%

08/10/2002 19:46 EU SOLBES REPEATS NO SIGNIFICANT FRANCE FISCAL EFFORT IN 2003

08/10/2002 19:50 EU SOLBES:LARGE DIVERGENCE BETWEEN FRANCE 02 STAB PLAN,REALITY

08/10/2002 19:50 EU'S PEDERSEN:ECOFIN DISCUSSED POST-ENLARGEMT ECB CAPITAL HIKE