Intraday Market Thoughts

Archived IMT (2008.09.10)

by Ashraf Laidi
Sep 10, 2008 9:00

Falling USDJPY and EURCHF resulting from breakdown in talks between Korea Development Bank and Lehman Bros about potential investment in troubled US investment bank. Lehman's Q3 earnings due 7.30 am EST (11.30 am GMT). Focus shifts to Blackstone and Kohlberg Kravis exploring purchase of Lehman stakes. Will a big US bank step in? US fundamentals data to re-emerge on Thursday with Trade balance and jobless claims, then retail sales, PPI and consumer sentiment on Friday.


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