Intraday Market Thoughts

Archived IMT (2009.04.21)

by Ashraf Laidi
Apr 21, 2009 18:42

Stocks boosted by Geithner's assuring markets that most US banks have sufficient capital, alleviating worries about the incoming stress tests regarding the capitalization of banks. The stress tests will be announced on May 4th. Markets also shrug IMFs report expecting $4.1 trillion in writedowns. Looking ahead, Aussie Q1 CPI figures (1:30 GMT) could drag Aussie if figures come in on low side as did Monday's PPI. Annual CPI (y/y) expected at 2.8% from 3.7%. UK Mar unemployment at 8.30 GMT, followed by the preliminary figures of the UK Budget at 11:30 GMT.


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