Wednesday, January 12, 2011

On Tap Today: US Trade Data, More Eurozone Debt Auctions - Wall Street Journal (blog)

A lot of economic data out of the US to look out for on Thursday, and more debt auctions from in the eurozone from Spain and Italy following Portugal?s bond sale on Wednesday.

- The U.S. releases�November trade figures. Analysts will be looking to see whether the deficit, after hitting a�nine-month low in October, continued to narrow in November ?�even as�China?s trade�surplus�hit a nine-month low of its own.

- Also from the US are weekly initial figures on unemployment-insurance claims and the�December index of producer prices, closely watched for inflationary, or deflationary, pressures.

- Spain auctions between�two billion and three billion�euros�in five-year bonds, and Italy plans to sell four�billion�to six billion euros�in four- and 15-year bonds.

- The Bank of England and European Central Bank will both decide�whether to change interest rates;�expectations are that neither will.

- Intel Corp. reports fourth-quarter earnings, which could give further guidance to�the tech-heavy Taiwanese stock market.

- Other companies reporting earnings are India?s Infosys Technologies, South Korea?s Posco, Japan?s Fast Retailing Holdings and Singapore Telecommunications.

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