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Thursday, September 18, 2008

Reason for today’s sharp recovery in Nifty

Reason for today’s sharp recovery in Nifty:

“Central Banks of US., Europe, Japan, UK, Switzerland and Canada join hands to inject more cash into troubled global money markets”

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jun 05
18:00 Unit Labor Costs 2 6.6% 5.7% 5.7%
18:00 Initial Jobless Claims 4-week average 1 235.00K 230.50K Revised from 230.75K
18:00 Initial Jobless Claims 2 247K 235K 240K
18:00 Continuing Jobless Claims 1 1.904M 1.910M 1.907M Revised from 1.919M
18:00 Goods and Services Trade Balance 1 $-61.6B $-94.0B $-140.5B
19:30 Ivey Purchasing Managers Index 2 52.3
19:30 Ivey Purchasing Managers Index s.a 2 48.3 47.9
20:00 EIA Natural Gas Storage Change 1 111B 101B
21:00 4-Week Bill Auction 1 4.215%
21:30 Fed's Kugler speech 2
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