09:30CHSNB 3-Month Libor Target RateHigh Impact
Period: 1Forecast: 0%Previous: 0%Actual: 0%

SNB 3-Month Libor Target Rate: Historical Data:

Comments about this Event:

In its quarterly policy review the Swiss National Bank kept its three-month Libor target range at 0.00 – 0.25 percent and said that it will continue to enforce the minimum cap of 1.20 on . The bank said that it is ready to buy unlimited quantities of foreign currencies to keep the floor and it will continue to maintain high levels of liquidity on the money markets.

The SNB also raised its growth forecast for 2012 to “close to 1 percent”, attributing this to the success of the measures taken, saying the cap was helping the economy stabilise. The central bank also said that the Swiss franc is still high and are ready to take further measures at any time if the economic outlook or risk of deflation require.

EUR/CHF fell to a session low of 1.2086 at the announcement but recovered to 1.2114. also dipped to a day’s low of 0.9264 after the SNB’s decision, and is now trading at 0.9272.

10:40ESBond AuctionMedium Impact

Comments about this Event:

The Spanish Tesoro sold €3 billion of bonds on Thursday, attracting strong demand as investors showed faith in the country’s ability to stick to a deficit cutting plan. The amount sold was in the middle of the €2.5 - €3.5 billion target range.

Spain sold €1 billion of 3-year bonds maturing on January 31st 2015 at an average cost of 2.440 percent versus 2.966 percent at the previous sale. They also sold €976 million worth of 4-year paper at an average yield of 3.374 percent against 3.748 percent at the previous sale and €1.03 billion of bonds maturing on July 31st 2018, at a yield of 4.193 percent. Bid-to-cover ratios were 5.0, 4.1 and 2.9 times for the bonds maturing in 2015, 2016 and 2018 respectively.

11:00EZEmployment Y/YMedium Impact
Period: 4Forecast: -Previous: 0.2%Actual: -0.2%

Employment Y/Y: Historical Data:

13:30USEmpire State Manufacturing SurveyMedium Impact
Period: 3Forecast: 17.4Previous: 19.53Actual: 20.21

Empire State Manufacturing Survey: Historical Data:

13:30USWeekly Jobless ClaimsMedium Impact
Period: 9Forecast: 355000Previous: 362000Actual: 351000

About this Event:

This figure measures the number of Americans filing for jobless benefits in the previous week. It is published by the Labor Departments and is an important leading indicator on the overall state and health of the economy and labor market.

Weekly Jobless Claims: Historical Data:

Comments about this Event:

More encouraging signs from the US labour market, after last week’s non farm payrolls, weekly jobless claims eased further, reaching 4 year lows throughout last week. The actual figure came out at 351k better than the previous 362k and even better than the expected 355k.

US producer prices for February jumped to 0.4% from the previous month’s 0.1% the yearly equivalent came out at 3.3% higher than the expected 3.1%. Stripped of the food and energy component the index showed that at the core producer prices remained in line with expected levels – Core PPI for the month was out at 0.2% while the yearly figure was out at 3.0%.

Good day

13:30USContinuing Jobless ClaimsMedium Impact
Period: 8Forecast: 3.405MlnPrevious: 3.416MlnActual: 3.343Mln

About this Event:

Continuing claims refers to the total number of jobless people who qualify for unemployment benefits. The people that are considered for this data must be covered by unemployment insurance and who currently receive benefits. This excludes those not eligible for insurance and/or those who have lost their entitlement to receive benefits.

Continuing Jobless Claims: Historical Data:

Comments about this Event:

More encouraging signs from the US labour market, after last week’s non farm payrolls, weekly jobless claims eased further, reaching 4 year lows throughout last week. The actual figure came out at 351k better than the previous 362k and even better than the expected 355k.

US producer prices for February jumped to 0.4% from the previous month’s 0.1% the yearly equivalent came out at 3.3% higher than the expected 3.1%. Stripped of the food and energy component the index showed that at the core producer prices remained in line with expected levels – Core PPI for the month was out at 0.2% while the yearly figure was out at 3.0%.

Good day

13:30USPPI M/MHigh Impact
Period: 2Forecast: 0.5%Previous: 0.1%Actual: 0.4%

About this Event:

The Producer Price Index (PPI) measures the average change over time in the selling prices for goods and services which domestic producers charge for their output. PPI is used as an early measure for inflation as higher costs at the production stage are passed onto consumers as higher retail prices.

PPI M/M: Historical Data:

Comments about this Event:

More encouraging signs from the US labour market, after last week’s non farm payrolls, weekly jobless claims eased further, reaching 4 year lows throughout last week. The actual figure came out at 351k better than the previous 362k and even better than the expected 355k.

US producer prices for February jumped to 0.4% from the previous month’s 0.1% the yearly equivalent came out at 3.3% higher than the expected 3.1%. Stripped of the food and energy component the index showed that at the core producer prices remained in line with expected levels – Core PPI for the month was out at 0.2% while the yearly figure was out at 3.0%.

Good day

13:30USPPI Ex Food and Energy M/MMedium Impact
Period: 2Forecast: 0.2%Previous: 0.4%Actual: 0.2%

About this Event:

The PPI is also published excluding the volatile food and energy components. Apart from being seasonally volatile, the two make up a significant portion of goods. Consequently, any abrupt change in oil or food supplies will significantly influence the PPI inflation calculation. By excluding such entities, Core PPI or PPI ex food and energy may provide a more precise, and consistent gauge of inflation trends.

PPI Ex Food and Energy M/M: Historical Data:

Comments about this Event:

More encouraging signs from the US labour market, after last week’s non farm payrolls, weekly jobless claims eased further, reaching 4 year lows throughout last week. The actual figure came out at 351k better than the previous 362k and even better than the expected 355k.

US producer prices for February jumped to 0.4% from the previous month’s 0.1% the yearly equivalent came out at 3.3% higher than the expected 3.1%. Stripped of the food and energy component the index showed that at the core producer prices remained in line with expected levels – Core PPI for the month was out at 0.2% while the yearly figure was out at 3.0%.

Good day

13:30USPPI Ex Food and Energy Y/YMedium Impact
Period: 2Forecast: 2.9%Previous: 3%Actual: 3%

PPI Ex Food and Energy Y/Y: Historical Data:

Comments about this Event:

More encouraging signs from the US labour market, after last week’s non farm payrolls, weekly jobless claims eased further, reaching 4 year lows throughout last week. The actual figure came out at 351k better than the previous 362k and even better than the expected 355k.

US producer prices for February jumped to 0.4% from the previous month’s 0.1% the yearly equivalent came out at 3.3% higher than the expected 3.1%. Stripped of the food and energy component the index showed that at the core producer prices remained in line with expected levels – Core PPI for the month was out at 0.2% while the yearly figure was out at 3.0%.

Good day

13:30USPPI Y/YHigh Impact
Period: 2Forecast: 3.1%Previous: 4.1%Actual: 3.3%

About this Event:

The Producer Price Index (PPI) measures the average change over time in the selling prices for goods and services which domestic producers charge for their output. PPI is used as an early measure for inflation as higher costs at the production stage are passed onto consumers as higher retail prices.

PPI Y/Y: Historical Data:

Comments about this Event:

More encouraging signs from the US labour market, after last week’s non farm payrolls, weekly jobless claims eased further, reaching 4 year lows throughout last week. The actual figure came out at 351k better than the previous 362k and even better than the expected 355k.

US producer prices for February jumped to 0.4% from the previous month’s 0.1% the yearly equivalent came out at 3.3% higher than the expected 3.1%. Stripped of the food and energy component the index showed that at the core producer prices remained in line with expected levels – Core PPI for the month was out at 0.2% while the yearly figure was out at 3.0%.

Good day

14:00USTotal Net TIC FlowsLow Impact
Period: 1Forecast: -Previous: 87.1BlnActual: 18.8Bln

About this Event:

The US Treasury Department releases the total net TIC flows to show the net inflow or outflow of financial resources to the United States. TIC stands for Treasury International Capital.

Total Net TIC Flows: Historical Data:

Comments about this Event:

Data published on Thursday showed net capital inflows were sharply lower compared to the previous month in the United States in January. The Treasury Department international capital release showed overall net TIC inflows fell to $18.8 bln from $87.1 bln but net long-term TIC flows surged to $101.0 bln from $17.9 bln.

14:00USNet Long-Term TIC FlowsLow Impact
Period: 1Forecast: -Previous: 17.9BlnActual: 101Bln

About this Event:

The Treasury international capital flows represents foreign fund flows into US treasuries and agency bonds, as well as corporate bonds and equities. It is used to monitor inflows and outflows of capital in USD denominated assets.

Net Long-Term TIC Flows: Historical Data:

Comments about this Event:

Data published on Thursday showed net capital inflows were sharply lower compared to the previous month in the United States in January. The Treasury Department international capital release showed overall net TIC inflows fell to $18.8 bln from $87.1 bln but net long-term TIC flows surged to $101.0 bln from $17.9 bln.

15:00USPhiladelphia Fed Business IndexMedium Impact
Period: 3Forecast: 12Previous: 10.2Actual: 12.5

About this Event:

This index measures general manufacturing activity in the Philadelphia area. An index value above 0 signals growth, below 0 signals contraction.

Philadelphia Fed Business Index: Historical Data:

Comments about this Event:

The Federal Reserve of Philadelphia business conditions index was higher than expected in March, data showed on Thursday. The index for business conditions in the US mid-Atlantic region rose higher than the previous month, to 12.5 from 10.2 versus consensus for 12.0.