Frontrunning: April 4

Tyler Durden's picture
  • Goldman lowers Q1 GDP, sees rest of year outlook as "messy: (Zero Hedge)
  • GOP Aim: Cut $4 Trillion (WSJ)
  • Trichet Seen Burying Ailing Nations With Interest-Rate Rise (BusinessWeek)
  • ECB criticised over expected rate rise (FT)
  • Important for China arbs: BOC HK Cuts Yuan Deposit Interest Rate (Bloomberg)
  • In Tripoli, Growing Murmurs Of Dissent (WSJ)
  • Inflation Surge May Cause Hike in Won, Rates (Korea JoongAng)
  • Us Foreign Policy "Shocker": U.S. Shifts to Seek Removal of Yemen’s Leader, an Ally (NYT)
  • Next Problem for Oil: Nigerian Elections (WSJ)
  • Geithner Says Strict Policy on Currency Hurts China (NYT)
  • China closes half the nation's dairies (Telegraph)
  • Ireland to Push for Better Bailout Terms (WSJ)
  • German foreign minister resigns as head of liberal Free Democrats (Deutsche Welle)
  • Spain's Deficit Fight Risks Setback as Zapatero Bows Out of 2012 Election (Bloomberg)
  • Senators Express Optimism on Avoiding Government Shutdown  (WSJ)
  • US Regulators Divided on Systemic Risk List (FT)

European Economic Highlights:

  • Euro-Zone Sentix Investor Confidence for April 14.2 - lower than expected.Consensus 16.0. Previous 17.1.
  • Euro-Zone PPI for February 0.8% m/m 6.6% y/y – lower than expected.Consensus 0.8% m/m 6.7% y/y. Previous 1.3% m/m 5.9% y/y.
  • Turkey CPI (Mar) 0.42% m/m 3.99% y/y - lower than expected. Consensus 0.87% m/m 4.40% y/y. Previous 0.73% 4.16% m/m.
  • UK Lloyds Employment Confidence for March -65.Previous -68.
  • UK PMI Construction for March 56.4 - higher than expected.Consensus 54.8. Previous 56.5.
  • UK BoE Housing Equity Withdrawal for Q4 £-7.0B – lower than expected.Consensus £-5.7B. Previous £-6.6B.