Putin states he's not looking to take control of CrimeaMarch 04, 2014 Posted by: Pete Karabatos
Global equity markets rebounded while bond yields rose and gold prices fell from a four month high as Russia stepped back from escalating tensions in Ukraine. Russian president Putin said he’s not looking to take control of Crimea and would only send troops into Ukraine in an extreme situation. The JPY is trading weaker today while most other major currencies are little changed from yesterday.
• The Royal Bank of Australia kept its target rate at a record low of 2.5% and reiterated that it’s likely to keep rates low as the “demand for labor has remained weak and, as a result, the rate of unemployment has continued to edge higher.”
• Japanese wages rose for the first time in nearly 2 years on pay boosts for part-time workers as consumers rush to purchase goods and services ahead of a planned sales tax increase in the country.
• U.K. Prime Minister David Cameron said today that cutting taxes is “the right thing to do.”
• The Institute for Supply Management’s manufacturing index rose to 53.2 in January, indicating that U.S. manufacturing expanded at a faster than projected pace.
• President Obama will release his 2015 fiscal budget plan which includes tax cuts for low income families.
03/05 EUR: GDP (Q4)
03/05 USD: MBA Mortgage Applications (Feb 28)
03/05 EUR: Economic/Consumer/Industrial/Services Confidence Reports (Feb.)
03/05 USD: ISM Non-Manufacturing Composite
03/05 CAD: Bank of Canada Rate Decision.
03/06 EUR: BOE Rate Announcement
03/06 CAD: ECB Announces Interest Rate.
03/07 CAD: Unemployment Rate (Feb)
03/07 USD: Non-Farm Payrolls (Feb)
03/10 CAD: Housing Starts (Feb)
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