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Economic Statistics

South Korean Current Account Total (in$)

The South Korean Current Account reading fell in January, perhaps to due to some inventory back log. The details of the release are as follows:

  • Current Account – Actual:-$772.2M   Prior:$3958.6M
  • Balance of Payments – Actual:-$1424M   Prior:$3854M

UK Hometrack Housing Survey

Risk is trading off after an early bid to start the week, aided by another soft housing number from the UK for February.

  • Hometrack Housing Survey (MoM) – Actual:0.0%   Prior:0.0%
  • Hometrack Housing Survey (YoY) – Actual:-1.4%   Prior:-1.6%

Feds Bullard Speaks on CNBC TV

Says:

  • Sees 3% possible growth in 2012
  • 7.8% Unemployment possible by end of year
  • I wouldnt take QE3 off table ever
  • Economy might look different in 6-9 months
  • Labor markets have improved recently
  • Unemployment situation not great
  • Fed rate hike in 2013
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