Frontrunning: April 6

Tyler Durden's picture
  • More from the Oracle: Central Banks Grapple With Competing Forces (Hilsenrath)
  • U.S. Sees Array of New Threats at Japan’s Nuclear Plant (NYT)
  • China’s Rate Tightening Threatens Copper (FT)
  • Fed’s Biggest Foreign-Bank Bailout Saved U.S. Muni Bonds (Bloomberg)
  • NATO Blamed as Libyan Rebels Flee Assault By Qaddafi Forces (Bloomberg)
  • Government Shutdown Looms Despite Obama's Intervention (Reuters)
  • Another "brilliant" HFT "fix": SEC Unveils 'Limit' Curbs to Prevent 'Flash Crash' (WSJ)
  • Ouattara forces storm Gbagbo bunker in Ivory Coast (Reuters)
  • U.S. Fiscal Crisis in Spitting Distance (Laurence Kotlikoff)
  • Euro at high as rate hike eyed, stocks climb (Reuters)
  • Portugal in Talks Over EU Aid (FT)
  • German Banks May Add To Capital (WSJ)
  • Ireland Sees No Bailout Rate Cut Before June-Report (Reuters)
  • Waiting For the Great Rebalancing (FT)

European Economic Highlights:

  • Euro-Zone GDP s.a. for Q4 0.3% m/m 2.0% y/y – in line with expectations. Consensus 0.3% m/m 2.0% y/y. Previous 0.3% m/m 2.0% y/y.
  • Euro-Zone Household Cons for Q4 0.4% – in line with expectations. Consensus 0.4%. Previous 0.4%.
  • Euro-Zone Gross Fix Cap for Q4 -0.5% q/q – higher than expected. Consensus -0.6% q/q. Previous -0.6% q/q.
  • Euro-Zone Govt Expend for Q4 0.1% – in line with expectations. Consensus 0.1%. Previous 0.1%.
  • Germany Factory Orders (nsa) for February 20.1% - higher than expected.Consensus 17.4%. Previous 16.5%.
  • Switzerland Foreign Currency Reserves for March206.2B.Previous 208.0B.
  • Switzerland CPI for March 0.6% m/m 1.0% y/y – higher than expected.Consensus 0.2% m/m 0.5% y/y. Previous 0.4% m/m 0.5 y/y.
  • Switzerland CPI - EU Harmonised for March 0.7% m/m 1.0% y/y.Previous 0.3% m/m 0.5% y/y.
  • UK BRC Shop Price Index for March 2.4%.Previous 2.7%.
  • UK Industrial Production for February -1.2% m/m 2.4% y/y - lower than expected. Consensus 0.4% m/m 4.3% y/y. Previous 0.3% m/m 4.2% y/y.
  • UK Manufacturing Production for February 0.0% m/m 4.9% y/y - lower than expected.Consensus 0.6% m/m 5.8% y/y. Previous 0.9% m/m 6.6% y/y.