Frontrunning: April 13

Tyler Durden's picture
  • Obama Said to Call for Entitlement Cuts, Higher Taxes (Bloomberg)
  • Banks Face Sovereign Debt Scrutiny in EU Stress Tests (Bloomberg)
  • ECB: Ireland’s Taxpayers Must Share the Pain (FT)
  • BRICS Push Resource-Hungry China to Buy Finished Goods (Bloomberg)
  • China’s Nuclear Freeze to Last Until 2012 (FT)
  • TEPCO still working on plan to end Japan nuclear crisis (Reuters)
  • Schneider Says Currently No Talks With Tyco About Alliance (Bloomberg)
  • Portugal's Leaders Bicker Over Bailout (WSJ)
  • Chinese Companies Go on Global Bond Spree (FT)
  • Taiwan Halts Plans to Build Atomic Reactors After Japan Crisis (Bloomberg)
  • The Radical Right and the US State  (FT)
  • Special Report: Inside the Egyptian revolution (Reuters)
  • US Lacks Credibility on Debt, Says IMF (FT)
  • Egypt's Mubarak detained, army wins protest respite (Reuters)

European Economic Highlights

  • Euro-Zone Ind. Prod. wda for February 0.4% m/m 7.3% y/y – lower than expected.Consensus 0.8% m/m 8.0% y/y. Previous 0.2% 6.3% y/y.
  • France CPI - EU Harmonised for March 0.9% m/m 2.2% y/y – higher than expected.Consensus 0.7% m/m 2.0% y/y. Previous 0.5% m/m 1.8% y/y.
  • France Consumer Price Index for March 0.8% m/m 2.0% y/y – higher than expected.Consensus 0.6% m/m 1.8% y/y. Previous 0.5% m/m 1.7% y/y.
  • France CPI Ex Tobacco Index for March 121.90 – lower than expected.Consensus 121.71. Previous 120.90.
  • Switzerland Producer & Import Prices for March 0.4% m/m 0.4% y/y – in line with expectations.Previous 0.2% m/m 0.5% y/y.
  • UK Claimant Count Rate for March 4.5% - in line with expectations.Previous 4.5%.
  • UK Jobless Claims Change for March 0.7k – higher than expected.Consensus -3.0k. Previous -8.5k.
  • UK Average Weekly Earnings 3M/YoY for February 2.0% - lower than expected.Consensus 2.6%. Previous 2.3%.
  • UK Weekly Earnings exBonus 3M/YoY for February 2.2% - in line with expectations.Previous 2.3%.
  • UK ILO Unemployment Rate (3mths) for February 7.8% - lower than expected. Consensus 8.0%. Previous 8.0%.