Archives of “canada” tag

rss

Busy week next week highlighted by rate announcements and employment reports

  
  Analysis
#  #  #  #  #

RBA and RBNZ to announce rate decisions

It is busy week next week with rate announcements from the Reserve Bank of Australia and also the Reserve Bank of New Zealand. It is also employment week for both Canada and the US.  China is on holiday Monday to Thursday. Australia will be off on Monday.
Monday, October 4
  • OPEC+ meeting all day
  • Spain’s unemployment change, 3 AM ET/ 0700 GMT
Tuesday, October 5
  • Reserve Bank of Australia rate decision, 11:30 PM ET Monday/0330 GMT.  Rate expected to remain steady at 0.10%
  • US ISM services PMI for September.  Estimate 59.9 versus 61.7 last month.  10 AM ET/1400 GMT
  • ECB’s Lagarde speaks, 11 AM ET/1500 GMT
  • FOMC Quarles speaks, 1:15 PM ET/1715 GMT
Wednesday, October 6
  • RBNZ rate decision, expected 0.25% hike to 0.5% from 0.25%.  9 PM ET/0100 GMT
  • ADP nonfarm employment change, estimate 455K versus 374K last month. 8:15 AM ET/1215 GMT
  • US crude oil inventories, 10:30 AM ET
Thursday, October 7
  • US unemployment claims. Estimate 350K versus 362K last week.  8:30 AM ET/1230 GMT
  • Canada Ivey PMI. Estimate 60.3 versus 66.0 last month. 10 AM ET/1400 GMT
  • BOC Macklem schedule to speak.  12 PM ET/1600 GMT
Friday, October 8
  • RBA financial stability review, 8:30 PM ET/0030 GMT
  • Canada employment change.  Estimate 61.2K vs 90.2 last month.  8:30 AM ET/1230 GMT
  • Canada unemployment rate.  Estimate 6.9% versus 7.1% last month
  • US nonfarm payroll. Estimate 490K versus 235K last month.  8:30 AM ET/1230 GMT
  • US unemployment rate.  Estimate 5.1% versus 5.2% last month. 8:30 AM ET/1230 GMT
  • US average hourly earnings, estimate 0.4% versus 0.6% last month.  8:30 AM ET/1230 GMT

2009 Country Stock Market Performance

  
Analysis, Economy, Education, Global Indices
#  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #

Below we highlight the year-to-date percentage change (local currency) for the major equity indices of 82 countries.  So far this year, 71 of the 82 countries are in positive territory, and the average change of all countries is 33.27%.  With a gain of 20.76%, the S&P 500 is 13 percentage points below the average, yet it’s the second best G-7 performer behind Canada so far in 2009.

The BRIC countries (Brazil, Russia, India, China) have been standouts this year.  Russia is up the most out of all countries with a gain of 126.71%.  Brazil, China, and India are all up more than 70%.  Along with Russia, the Ukraine, Argentina, and Peru are up more than 100% year to date.

Eleven countries are down so far in 2009.  Ghana is down the most at -48.26%, followed by Puerto Rico (-40.56%), Bermuda (-38.36%), and Costa Rica (-35.37%).
2009 country stock market

Go to top