Intraday Market Thoughts

Archived IMT (2009.05.06)

by Ashraf Laidi
May 6, 2009 18:39

All sorts of unconfirmed reports hitting the wires speculating about the results of bank tests, with various sources saying Morgan Stanley, JP Morgan Chase, Goldman Sachs and MetLife see no need for extra capital under tomorrow nights stress test results. Citigroup reported to need $5 bln, and GMAC needs $11.5 bln. NZD April unemployment due at 22:45 GMT (23:45 London) expected at 5.3% from 4.7%, Aussie unemployment due at 1:30 am GMT exp at 5.9% unemp rate from 5.7%.


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