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Tuesday, March 18, 2008

Goldman Sachs Profit Falls 53%
Goldman Sachs Group Inc., the world's biggest securities firm by market value, reported a smaller-than-estimated 53 percent drop in first-quarter profit after asset writedowns and lower fees from investment banking.

Net income fell to $1.51 billion, or $3.23 a share, in the three months ended Feb. 29 from $3.2 billion, or $6.67, a year earlier, the New York-based firm said in a statement today. The average estimate of 17 analysts surveyed by Bloomberg was for $2.59 a share, with forecasts ranging from $1.95 to $3.40.
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Jun 11
18:00 Consumer Price Index ex Food & Energy (MoM) 3 0.1% 0.3% 0.2%
18:00 Building Permits (MoM) 1 -6.6% 2.2% -5.3% Revised from -4.1%
20:00 EIA Crude Oil Stocks Change 1 -3.644M 0.100M -4.304M
22:30 10-Year Note Auction 1 4.421% 4.342%
23:30 Monthly Budget Statement 2 $-316B $-325B $258B
Thursday, Jun 12
04:15 Electronic Card Retail Sales (YoY) 1 -0.3% -0.3%
04:15 Electronic Card Retail Sales (MoM) 1 0%
04:31 RICS Housing Price Balance 1 -3% -3%
06:30 Consumer Inflation Expectations 2 4.1%
11:30 Industrial Production (YoY) 1 -0.2% -0.7%
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