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Monday, March 24, 2008

Hong Kong Rate Cut Spark Pan-Asian Rally

In Hong Kong, the Monetary Authority followed the Fed in cutting the base rate for its discount window by 75 basis points, to 3.75%.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Apr 08
23:30 Fed's Daly speech 2
23:30 Fed's Goolsbee speech 2
Wednesday, Apr 09
02:00 API Weekly Crude Oil Stock 1 -1.057M 6.037M
07:30 RBNZ Monetary Policy Statement 3
07:30 RBNZ Interest Rate Decision 3 3.50% 3.50% 3.75%
15:00 FPC Statement 1
15:00 FPC Meeting Minutes 1
16:30 MBA Mortgage Applications 1 -1.6%
17:30 BoE Quarterly Bulletin 1
19:30 Wholesale Inventories 1 0.3% 0.3%
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