Frontrunning: April 11

Tyler Durden's picture
  • Obama Push to Seize Budget Initiative (FT)
  • China gives all clear on bond issuance bubble: Government Boosts the Bond Markets (China Daily)
  • You mean they can't use 200% debt financing? Nasdaq OMX Needs Shareholders to Embrace Rejected Bid (Bloomberg)
  • Complacent Europe Must Realise Spain Will be Next (FT)
  • Japan's seismic nerve center (Japan Times)
  • Kan’s DPJ Suffers Election Setback One Month After Japan Quake (Bloomberg)
  • Edano Says Japan Doesn't Need BOJ to Help Fund Post-Quake Disaster Relief (Bloomberg)
  • State Prosecutor Summons Mubarak (FT)
  • US Doubts Air Power Can Turn Libyan Tide (FT)
  • Nigerian Ruling Party Expected to Lose Assembly Elections (Epoch Times)
  • Portugal’s PM Launches Opposition Attack (FT)
  • Obama’s New Approach to Deficit Reduction to Include Spending on Entitlements (WaPo)

European Economic Highlights:

  • France Industrial Production for February 0.4% m/m 5.6% y/y - higher than expected.Consensus 0.5% m/m 5.2% y/y. Previous 0.7% m/m 5.4% y/y.
  • France Manufacturing Production for February 0.7% m/m 7.4%% m/m – higher than expected.Consensus 0.7% m/m 6.4% y/y. Previous 1.5% m/m 6.8% y/y.
  • Italy Industrial Production sa for February 1.4% m/m 2.3% y/y – lower than expected.Consensus 1.7% m/m 3.4% y/y. Previous -1.7% m/m 0.4% y/y.
  • Italy Industrial Production nsa for February 2.3% y/y – lower than expected.Consensus 3.9% y/y. Previous 3.5% y/y.
  • Norway CPI for March 0.3% m/m 1.0% y/y – in line with expectations.Previous 0.4% m/m 1.0% y/y.
  • Norway CPI Underlying for March 0.2% m/m 0.8% y/y – lower than expected.Consensus 0.4% m/m 0.9% y/y. Previous 0.8% m/m 0.8% y/y.
  • Norway Producer Prices incl.Oil for March 2.5% m/m 21.4% y/y – higher than expected. Consensus 1.2% m/m 21.2% y/y. Previous 1.2% m/m 21.2% y/y.