Archived IMT (2008.09.25)

NEW ZEALAND & WASHINGTON. NZ Q2 GDP data due at 5.45 pm EST expected to drop by 0.4% q/q from -0.3% in Q1 and 0.6% y/y from 1.9%. Annualized average seen at 2.3% from 3.0% in Q1. See today's article on NZ FOREX IMPLICATIONS. US SENATOR SHELBY says no agreement reached on Bailout package but after hours markets are not moving. If package is not agreed upon before week's end, Thursday's rally may flounder tomorrow.