This page has been archived and commenting is disabled.

Frontrunning: April 12

Tyler Durden's picture




 
  • Japan Sees Greater Hit to Economy as Its Nuclear Crisis Deepens (Bloomberg)
  • President Open to Deal on Debt Cap (WSJ)
  • Democrats Allow Trims to Favored Programs (NYT)
  • Libya Rebels and West Dismiss Peace Plan (FT)
  • France and Britain say NATO must step up Libya bombing (Reuters)
  • Toyota Tells U.S. Dealers to Brace for Reduced Car Supplies (Bloomberg)
  • U.S. Lawmakers Reach Agreement on $38 Billion in Budget Cuts (Bloomberg)
  • Yemen's Saleh Exit Plan Held up by Opposition Dispute (FT)
  • U.S. probes A380 taxiway collision in New York (Reuters)
  • Bankers Get Off Scot-Free in Industry Overhaul (Bloomberg)
  • Ouattara urges peace after Ivory Coast rival held (Reuters)
  • UK Watchdog Attacks Commodity Caps Plan (FT)
  • Minsk Metro Bomb Explosion Kills up to 11 (FT)

European Economic Highlights:

  • Euro-Zone ZEW Survey (Econ. Sentiment) for April 19.7.Previous 31.0.
  • Germany Consumer Price Index for March 0.5% m/m 2.1% y/y – as expected.Previous 0.5% m/m 2.1% y/y.
  • France Current Account (EURO) for February -5.2B.Previous -4.1B.
  • Sweden CPI - Headline Rate for March 0.7% m/m 2.9% y/y - in line with expectation.Consensus 0.8% m/m 2.9% y/y.  Previous 0.6% m/m 2.5% y/y.
  • Sweden CPI - CPIF for March 0.4% m/m 1.5% y/y – lower than expected.Consensus 0.7% m/m 1.7% y/y. Previous 0.5% m/m 1.3% y/y.
  • Sweden CPI Level for March 310.11 – in line with expectation. Consensus 310.85. Previous 308.02.
  • Sweden PES Unemployment Rate for March 4.3% - lower than expected.Consensus 4.4%. Previous 4.5%.
  • UK DCLG UK House Prices for February 0.7% y/y – higher than expected.Consensus 0.1% y/y. Previous 0.5% y/y.
  • UK Visible Trade Balance GBP/Mn for February -£6,776 – better than expected.Consensus -8,000. Previous -7,789.
  • UK Trade Balance Non EU GBP/Mn for February -£2849 – better than expected.Consensus -4,900. Previous -4,210.
  • UK Total Trade Balance (GBP/Mln) for February -£2,443 – better than expected.Consensus -3,950. Previous -3,858.
  • UK CPI for March 0.3% m/m 4.0% y/y – lower than expected. Consensus 0.6% m/m 4.4% y/y. Previous 0.7% m/m 4.4% y/y.
  • UK Core CPI for March 3.2% y/y – lower than expected.Consensus 3.3% y/y. Previous 3.4% y/y.
  • UK Retail Price Index for March 232.5 – in line with expectation. Consensus 232.8. Previous 231.3.
  • UK RPI for March 0.5% m/m 5.3% y/y – lower than expected.Consensus 0.6% m/m 5.5% y/y. Previous 1.0% m/m 5.5% y/y.
  • UK RPI Ex Mort Int.Payments for March 5.4% y/y – lower than expected.Consensus5.5% y/y. Previous 5.5% y/y.

 

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 04/12/2011 - 08:36 | 1161087 Racer
Racer's picture

"France and Britain say NATO must step up Libya bombing"

 

They have money for bombs and killing but NO  money for pensioners and poor people

Tue, 04/12/2011 - 08:47 | 1161114 Terminus C
Terminus C's picture

Funny how that works...

 

Tue, 04/12/2011 - 12:54 | 1161996 jmc8888
jmc8888's picture

Yep, tupac said it best

"Got money for wars, but can't feed the poor"

 

Tue, 04/12/2011 - 08:41 | 1161092 Johnny Lawrence
Johnny Lawrence's picture

Economists predict V-shaped recovery for Japan: http://imarketnews.com/node/29220

What does it take to be an economist these days? 

Tue, 04/12/2011 - 08:43 | 1161103 Cdad
Cdad's picture

What does it take to be an economist these days? 

Not much...just the ability to lie daily and pathologically, as the criminal syndicate known as Wall Street front runs your lies.


Tue, 04/12/2011 - 09:00 | 1161168 A Man without Q...
A Man without Qualities's picture

In-house economists ALWAYS predict v-shaped recoveries.  It allows them to quietly lower expectations without causing a panic.  Trouble is, we NEVER have v-shaped recoveries.

One other thing, the banks love it, because it makes the duration trade very profitable...

Tue, 04/12/2011 - 09:04 | 1161182 Snidley Whipsnae
Snidley Whipsnae's picture

V shaped recovery is a laugher...a recovery from the tsunami plus after effects of nuke meltdown, destruction of ag land from radiation rendering crops inedible, salt water intrusion into ag land, shut down of much manufacturing in the worlds third largest economy will take years or decades to recover from...

"Japan raised the severity rating of its nuclear crisis at Tokyo Electric’s Fukushima plant to 7 today, the highest reading. Increasing radiation has prompted the government to widen the evacuation zone and halt shipments of contaminated vegetables produced in regions surrounding the facility."

Tue, 04/12/2011 - 09:02 | 1161126 AN0NYM0US
Tue, 04/12/2011 - 08:52 | 1161134 snowball777
snowball777's picture

"Democrats Allow Trims to Favored Programs"

 

 "In the last month, the amount of federal debt held by the public increased by more than twice as much as the amount that would be saved under the budget deal reached by Congress..."

 

If you cut their Pell Grants, during summer they'll have naught to do but run wild in the streets.

Tue, 04/12/2011 - 08:58 | 1161153 dogismyth
dogismyth's picture

I guess the PTB must really hate the brown people, or its just bad luck that the brown people are natural descendants to an abundance of resources.  I hope the Libyan rebels give NATO a hard time.  Its obvious what the agenda is for NATO and those behind the veil.  Its to the point of being ridiculously blatant....yet, what can we do?

Tue, 04/12/2011 - 09:01 | 1161162 unwashedmass
unwashedmass's picture

 

dudley just said that the chance of deflation is "greatly diminished"....

gee, ya think? inflation eating us alive, and you think deflation is slightly less of a risk?

where do they find these morons?

Tue, 04/12/2011 - 09:08 | 1161198 knukles
knukles's picture

I'd like an iPad with a Coke, please.  And supersize me!

Tue, 04/12/2011 - 09:09 | 1161202 Snidley Whipsnae
Snidley Whipsnae's picture

The same place they find all Fed members... An ivory tower where they are brainwashing future members of the Fed...Until they are called on to further the interests of those pulling the strings of the DC puppets.

The bread and circus sheeple have yet to realize that their pols are bought and paid for and have been since 1913. 

Tue, 04/12/2011 - 09:12 | 1161210 Snidley Whipsnae
Snidley Whipsnae's picture

The 'brown people' of the Mid East do not have bankers controlling every aspect of their lives. If they want to complete a transfer of funds to an expat living anywhere in the world they go to their religious leader, hand over some currency, and it is wire transferred where ever it's needed. Western bankers hate this system for it leaves them without a cut of the action.

Do NOT follow this link or you will be banned from the site!