Credit Fears Crunched!
Equity futures rose in the U.S. and Europe this afternoon on speculation that the recent worldwide credit crunch may be nearing an end. The Federal Reserve announced that the U.S. commercial paper market improved somewhat last week, bolstering investors’ confidence. The U.S. Dollar rose versus the Euro and Yen and U.S. Treasury futures declined, as flight-to-quality buying ebbed.
Mike Zarembski, Senior Commodity Analyst
Economic Data Scheduled for Friday, September 14, 2007
(All times in U.S. Central Time)
U.S.
7:30 AM: Retail Sales for August (Consensus 0.5%)
8:15 AM: Industrial Production for August (Consensus 0.3%)
8:15 AM: Capacity Utilization for August (Consensus 82.0%)
9:00 AM: Business Inventories for July (Consensus 0.3%)
9:00 AM: University of Michigan Sentiment Index for September (Consensus 83.5)
Great Britain
None
Canada
None
European Union
1:00 AM: Consumer Price Index for August (MoM) (Consensus 0.1%)
1:00 AM: (Germany) Consumer Price Index for August (MoM) (Consensus-0.1%)
Japan
None
