* California in December leading indicators of 1.5%, out of m / with the expected 1.0% and 1.3% m pre -
* California Silver Leaf interest rate unchanged at 0.25%
* The United States in January NAHB House Price Index has been 15 and 17 and 16 days before the expected
* New Zealand's fourth quarter, consumer prices have been -0.2% in Q /, 2.0% gamma / year with the unit / the expected 2.1% and 1.3% / 1.7%, the former Education Savings.
* U.S. Weekly ABC Consumer Confidence has been -49 and -44 and -47 prior expectations
* African Union in January Westpac consumer confidence index, previous -3.8% 5.6% before the
* Justice of the Peace in November out in the tertiary sector index -0.2% m / m, as expected, and +0.4% before adjustment
* AU DEWR skilled vacancies in January had been 1.1% m / m and 1.6% before adjustment for
* Justice of the Peace in December machine tool orders for the final in 63.4% of the gamma / year ago and 62.8%

The theme of concern - the forthcoming meeting

(All times GMT)

* General Electric, producer prices (0700)
* The EU ECB Nowotny statement (0740)
* European Union European Central Bank statement Stark (0815)
* Bank of England Conference Memorandum (0930)
* The British claim count rate (0930)
* UK average earnings growth (0930)
* General Electric Federal Bank Fabritius statement (1000)
* California Consumer Price Index (1200)
* U.S. MBA mortgage applications (1200)
* U.S. Federal Reserve statement Dudley (1320)
* Manufacture and sale of California (1330)
* U.S. producer price index (1330)
* U.S. housing starts (1330)
* U.S. building permits (1330)
* The British BOE's Posen speech (1530)

Market Comments:

The risk-on/risk-off pendulum now swung back to the former yesterday, with the strong performance of Wall Street, His Majesty, will be a long weekend meetings. Firmer China's weekly auction rates have been seen in Asia, the risk of weakening and integration into the European Conference of the extension of this theme appetite baton. Weak ZEW survey, Germany and the European Union into the nail, while the euro sterling from the ongoing mergers and acquisitions impact on the Consumer Price Index printed a very high benefit from 12 months. In the King's speech, the British central bank governor said trying to calm the higher consumer price index will not change the Bank of England predicted the CPI rise will prove temporary market's nerves.

BOC will keep interest rates unchanged at 0.25% of the expected, but commented that, once again the strength to repeat the Civil Aviation will act as a "significant growth, and further drag. Bank of China also lowered its 2009 and 2010 economic growth forecast, but the increase in 2011 projections, and added that interest rates are expected to hold at 0.25%, at least until the end of the first half of 2010. net / net considered as minor negative, helped the dollar rebound against the Canadian dollar.

From the Great Wall St and money market's positive mood in the Asian session will soon disappear, in the following ways to obtain the media in the Bank of China has been advised to limit loans to the rest of the January report. After a period of time before more of the official's comments more or less confirmed this point, the CBRC, the CBRC said it would continue to control the supply of credit, and will the banks with new leverage and liquidity ratios (especially China CITIC Bank and the China Everbright Bank that are required to increase the deposit reserve ratio by 0.5%). The news quickly enough to nudge the risk of the usual suspects with the low Australian dollar and New Zealand the main losers.

With the stage set up later with the euro against the U.S. dollar triggered by 1.4250 over the next station down the level of support, we are less than 12 months of 1.4217 below the blink of an eye, to the meeting of the 1.4185 low, but later reduced. Note: The euro against the U.S. dollar is being addressed by a convincing 200-day moving average, match 1 euro against the pound sterling similar action last Friday. Market to keep the eyes in the Senate elections, once in Massachusetts, the Democratic Coakley to admit defeat, we see the dollar extended gains on U.S. stock futures deviation.

As with all strong Chinese interest rates and borrowing constraints, it is not surprising that the market is announced tomorrow the latest news to see a lot of data. To talk about is that the fourth-quarter GDP figure could be higher than in recent surveys (10.5% yes / in the latest Bloomberg survey Y), while the consumer price index and producer price index will be higher than expected (1.4% / year and 0.8%, which is / y is the latest forecast). This would not be surprised that the authorities are trying to use some caution operation / guide very strong economic data in advance of the wind in its sails by.

The International Monetary Fund Dominique Strauss-Kahn is currently in Asia, and as capital flows as an important reference to wire money. He expects sluggish growth in developed economies, although there is no sign of a double-dip, but felt confident of global economic growth will exceed the last review of the Fund's 3% expected. He urged policy makers to continue to take measures to support and employment needs, they are worried that would risk premature to stimulate exports from the double bottom. The International Monetary Fund revised GDP forecast released Tuesday next week.

To tighten the focus on China is likely to remain in the vicinity of clouds, a long-term risk appetite and wide-ranging look forward to seeing the trend of expansion in Asia. Also noteworthy is that there are likely to provide any support and 1 euro 1.40 to push it now appears there is no data card. For Britain, the Bank of England meeting minutes will be attracted to the same month the number of applicants, followed by the most spectacular, although the pound a possible merger, after a pause, the recent development of running back on the Cadbury. The meeting held that the United States Consumer Price Index for Canada, the U.S. producer price index, housing starts and building permits water.