by Calculated Risk on 7/14/2011 11:15:00 PM
Thursday, July 14, 2011
European Stress Tests results at 12 PM ET
The 2011 EU-wide stress test reports will be released at 12 PM ET: Some country reports might be released earlier, but the summary report and the aggregate results will be published by the European Banking Authority (EBA) at 6pm CEST (5pm BST) on Friday, July 15th.
Here is the page for the European Banking Authority (EBA) (it will probably crash at 12 PM ET).
From the NY Times: Europe Looks for Hope in Bank Test Results
[T]he euro zone’s top banking supervisor will announce on Friday the results of its latest examination into the health of its financial institutions. It is an exercise that an increasingly desperate European Union hopes will quell investor fears ... Since the last stress tests a year ago, the banks have raised 67 billion euros ($94.2 billion) in new capital, according to Morgan Stanley, a relative pittance given that European banks have on their books 1.1 trillion euros in government debt from Greece, Ireland, Portugal and Spain.Also tomorrow:
8:30 AM: Consumer Price Index for June. The consensus is for a 0.2% decrease in prices. The consensus for core CPI is an increase of 0.2%.
8:30 AM ET: NY Fed Empire Manufacturing Survey for July. This is the first of regional surveys for July. The consensus is for a reading of 8.0, indicating expansion, after a reading of -7.8 in June (contraction).
9:15 AM ET: The consensus is for a 0.4% increase in Industrial Production in June, and an increase to 76.9% (from 76.7%) for Capacity Utilization.
9:55 AM: Reuters/University of Mich Consumer Sentiment preliminary for July. The consensus is for a slight decrease to 71.0 from 71.5 in June.