Week of March 18, 2012 thru March 24, 2012
-- Japan Jan Machine Orders +3.4% M/M; MNI Median F'cast +1.6%
-- Japan Jan Core Machine Orders Post 1st M/M Rise in 2 Months
-- Japan Govt Repeats View: Machine Orders Are Fluctuating
-- Japan Jan Core Machinery Orders +5.7% Y/Y Vs Dec +6.3%
-- Japan Jan Machine Orders From Overseas +20.1% M/M; Dec +5.6%
TOKYO (MNI) - Japan's core private-sector machinery orders rebounded at a faster-than-expected pace in January, backed by solid domestic demand amid easing fears of a global slump, but they are not yet on a recovery track, data from the Cabinet Office showed on Monday.
TOKYO (MNI) - The European Union needs to bolster the European Financial Stability Mechanism in order to deal with the sovereign debt crisis in the region, the Nikkei reported on Monday, citing a senior European Central Bank official.
FRANKFURT (MNI) - The three-year long-term refinancing operations of the European Central Bank have had a somewhat calming impact on financial market tensions, ECB Executive Board member Jose Manuel Gonzalez-Paramo said in an interview published Sunday.
Paramo told Spanish daily El Pais that the LTROs "have had a positive effect on the market because they have restored a certain calm; they have reduced the volatility, and the mid-term financing tensions have diminished a lot in the sense that the banks are assured of being able to refinance their debt."
Moreover, "they are helping to open private-sector markets and have freed the banks from sovereign risk," Paramo added. And, he noted, access to wholesale funding markets is returning for some entities.
* Brazil Copom Minutes May Move Markets, More FX Intervention Expected * Mexico Watching Central Bank Rate Announcement Amid Light Data
All figures year-over-year percent changes unless otherwise specified.
Date Time For Event Previous Local/GMT
12-15 Mar -- / -- Feb Actural FDI ($ bln mth, % ytd y/y) +10.00/-0.3 22 Mar 1030/0230 Mar Flash Purchasing Manager's Index (HSBC) +49.7 23 Mar 0935/0135 Mar MNI China Business Sentiment Flash Survey+58.16 23 Mar 1000/0200 Feb Conf Brd China Leading Index 225.7 23 Mar 1000/0200 Feb Conf Brd China Coincident Index 217.6 30 Mar 0935/0135 Mar MNI China Business Sentiment Survey +58.87 01 Apr 0900/0100 Mar Purchasing Manager's Index (CFLP) +51.0 01 Apr 1030/0230 Mar Purchasing Manager's