Recap 2-15-13

Commentary:

None

Notable:

  • Late in the Day, Walmart said that February Sales were the worst monthly start in 7 years as a result of the payroll-tax cut expiration. – BBG
  • Reuters reports that Muto is Abe’s leading candidate for the BoJ Governor post. Muto is considered to be the most conservative contender for the post and least likely to enact aggressive new monetary policy measures.
  • UMichigan Consumer Confidence improved to 76.3 in Feb vs 74.8 exp
  • US Empire Manufacturing jumped to 10 in Feb vs -2 exp and -7.8 prev

Upcoming Data:

  • Mon: US Holiday, RBA,
  • Tue: German Zew, NAHB Survey,
  • Wed: BoE Minutes, UK Jobless Claims, US Housing Starts
  • Thu: EU PMI, US CPI, Jobless Claims, Markit Preliminary PMI, Philly Fed, Existing Home Sales, Oil Inventories
  • Fri: German IFO, Canada CPI
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