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Saturday, February 23, 2008

U S Stocks rally back on Ambac

Stocks staged an impressive comeback Friday, with the Dow surging more than 200 points late in the session, after a report said that troubled bond insurer Ambac Financial could see a bailout as soon as next week.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Apr 16
19:15 BoC Monetary Policy Report 3
19:30 NAHB Housing Market Index 1 40 37 39
20:00 EIA Crude Oil Stocks Change 1 0.515M 0.400M 2.553M
20:00 BoC Press Conference 3
21:30 Fed's Hammack speech 2
22:30 20-Year Bond Auction 1 4.632%
23:00 Fed's Chair Powell speech 3
Thursday, Apr 17
01:30 Total Net TIC Flows 1 $-48.8B
01:30 Net Long-Term TIC Flows 1 $35.2B $-45.2B
04:15 Consumer Price Index (YoY) 3 2.3% 2.2%
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