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U.S. Day Ahead: Geithner's China trip may yield no oil block

Tuesday, January 10, 2012 - 02:16

Jan. 9 - Reuters Global Oil Forum Editor David Sheppard says China is unlikely to give up Persian crude despite Treasury Secretary Geithner heading to Beijing to discuss Iranian sanctions.

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Here's your US day ahead Treasury Secretary Timothy Geithner travels east in an effort to tighten the financial screws on Iran. He's beating top officials in China and the latest US need to reduce Iran's oil revenue and try to force Iran to abandon suspected nuclear weapons program. But Reuters global oil form editor David shepherd says getting shot at a quick person crude. Will be tough. China has very strong economic links with Iran is the number one importer of crude from that country. What we might see according to Goldman Sachs chief most analysts and fact that China takes advantage of other countries lack of willingness to buy -- in the news. And might be able to fill up their strategic petroleum reserves. -- discounted rates. What get a better idea of how the Fed might stimulate the recovery when three officials take the podium. At 10:30 AM San Francisco fed president John Williams speaks at a forecast -- breakfast in Vancouver. At 11:10 AM Cleveland fed president Sandra can -- it talks about labor markets and Wooster Ohio. And at 1 PM new kid on the block -- George from the Kansas City -- gives her first speech on the economic outlook. Investors will find out how much sparkled -- in jewelry. When Tiffany -- is they'll report their holiday sales numbers the holiday season accounts for 30% of their business. Focus will be on how it continued slowdown in Europe and in any US recovery -- hit their bottom lines. Sales figures will be out before the market. Google's executive chairman Eric Schmidt will give his predictions for the future of tech at the Consumer Electronics Show in Vegas. He's taking part in a panel discussion in the afternoon other luminaries at the speaking include Qualcomm CEO Paul Jacobs and Intel CEO Paul Otellini. CES is still the big issue -- it's kind despite speculation that it may be losing its relevance. And Republican hopeful Mitt Romney is likely to make it two for two at the New Hampshire primary. The former Massachusetts governor has more than twenty point lead over its closest rival Ron Paul. Meantime former Utah governor Jon Huntsman and social conservative Rick Santorum of Beijing's. Results around Tuesday night. Romney is set for tighter race in South Carolina on January 21. I'm Fred Katayama and this is Reuters Insider.

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U.S. Day Ahead: Geithner's China trip may yield no oil block

Tuesday, January 10, 2012 - 02:16