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Wednesday, February 27, 2008

Rail budget updates...
Railways to make steel coaches from now onwards this should benefit steel producing companies. Railways to implement IT technologies, and smart cards, online booking facilities on mobiles, etc. This should provide oppotunities to software and IT companies for providing the same facilities.

Railways to also implement professionals fro cleaning and other services this should benefit service sectors providing these types of facilities.

Railways to improve port connections, coal-carrying network. Indian railways expects to load 790mn tons of Freight FY08. Cash Surplus with railways in 07-08 at Rs250bn

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Jun 25
22:30 5-Year Note Auction 1 3.879% 4.071%
Thursday, Jun 26
14:00 BoE's Breeden speech 2
15:15 BoE's Greene speech 2
16:30 BoE's Governor Bailey speech 3
18:00 Chicago Fed National Activity Index 1 -0.25
18:00 Initial Jobless Claims 2 245K 245K
18:00 Initial Jobless Claims 4-week average 1 245.5K
18:00 Continuing Jobless Claims 1 1.950M 1.945M
18:00 Gross Domestic Product Price Index 2 3.7% 3.7%
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