HALISTER1: U.S. ECO PREVIEW: Consumer Confidence Index Due in 5 Minutes

U.S. ECO PREVIEW: Consumer Confidence Index Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • Consumer Conf. 119.5; range 115 to 122 (66 estimates)
    • In April, the index retreated from a 16-year high amid weaker less confidence about current conditions and the outlook for the next six months
    • Data from the University of Michigan showed sentiment holding in May near post-election highs

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Philippine Congress Expands Dirty Money Law to Include Casinos

Philippine Congress Expands Dirty Money Law to Include Casinos

(Bloomberg) -- Philippine Senate passed bill expanding coverage of anti-money laundering law to include casinos, it says in statement released by its information bureau.
  • 21 senators voted in favor of measure which amends law against dirty money to cover single casino cash transactions of >5m pesos 
  • Internet and ship-based casinos covered by bill, Senator Francis Escudero who sponsored measure says in statement
  • Philippine House of Representatives adopted Senate’s version of bill in plenary session on Tuesday night
  • NOTE: Bill to be transmitted to presidential office for President Rodrigo Duterte’s signature
  • NOTE: Philippines was thrown into the spotlight last year for what is described as one of the largest bank heists in modern history; thieves stole $81m from Bangladesh central bank after hacking into its account at U.S. Fed, routed funds to accounts at Rizal Bank before most of money disappeared through southeast Asian nation’s casinos

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Francis Escudero (Republic of the Philippines)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: Case-Shiller Index Due in 5 Minutes

U.S. ECO PREVIEW: Case-Shiller Index Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • SPCS 20 0.9% m/m; range 0.3% to 1.3% (19 estimates)
  • SPCS 20 5.7% y/y; range 5% to 5.9% (18 estimates)
    • In February, home prices in 20 U.S. cities rose on a year-over-year basis for the fifth month in a row

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: Personal Income, Spending Due in 5 Minutes

U.S. ECO PREVIEW: Personal Income, Spending Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • Per. Income 0.4% m/m; range 0.2% to 0.5% (68 estimates)
  • Per. Spending Nom. 0.4% m/m; range 0.2% to 0.6% (68 estimates)
  • Pers Spend Infl Adj 0.2% m/m; range 0.2% to 0.4% (11 estimates)
  • PCE Deflator 0.2% m/m; range 0.1% to 0.2% (33 estimates)
  • PCE Deflator 1.7% y/y; range 1.5% to 1.7% (28 estimates)
  • Core PCE Prices 0.1% m/m; range 0% to 0.12% (51 estimates)
  • Core PCE Prices 1.5% y/y; range 1.4% to 1.6% (38 estimates)
    • April spending could be bolstered by a rebound in auto sales, based on strength in industry data: Capital Economics
    • In March, spending was unchanged for the second month in a row while income rose 0.2 percent, the smallest increase since November

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283