Frontrunning: April 8

Tyler Durden's picture
  • Japan says economy in "severe" condition (Reuters)
  • Time Running Out for US Budget Deal (FT)
  • Dickering on Budget Goes Down to the Wire (WSJ)
  • BOJ Puts Up $11.73 Billion for Rebuilding (WSJ)
  • Libyan Rebels Blame Deadly Strike on NATO Mistake (Reuters)
  • Egypt Protests Go On, Seeking New Beginning (NYT)
  • As Standoff Continues, a Bleaker Outlook for Ivory Coast (NYT)
  • Brazil Doubles Tax on Consumer Credit to 3% to Slow Inflation, Damp Demand (Bloomberg)
  • El-Erian: European Debt Crisis Morphs Into New Phase (Bloomberg)
  • Nasty Choices in a Time of Raising of Rates (FT)
  • Trichet Defends ECB Rate Increase (FT)
  • Europe's Rate Rise Signals End of Cheap-Money Era (WSJ)
  • Aftershock Shakes Japan's Ruined Northeast Coast (Reuters)

European Economic Highlights:

  • Germany Exports SA for February 2.7% mom - higher than expected.Consensus 2.0% mom. Previous -1.0% mom.
  • Germany Imports SA for February 3.7% yoy - higher than expected.Consensus 1.0% yoy. Previous 2.3% yoy.
  • Germany Current Account (EURO) for February 8.9B - lower than expected.Consensus 12.0B. Previous 7.1B.
  • Germany Trade Balance for February 12.1B - lower than expected.Consensus 13.0B. Previous 10.1B.
  • France Bank of France Bus. Sentiment for March 110.Previous 110.
  • France Central Govt. Balance (Euros) for February -28.0B. Previous -13.4B.
  • Sweden Industrial Prod. s.a. for February 1.1% mom - higher than expected. Consensus 0.0% mom. Previous 4.3% mom.
  • Sweden Industrial Prod. n.s.a. for February 16.9% yoy - higher than expected. Consensus 14.6% yoy Previous 15.3% yoy.
  • Sweden Industrial Orders s.a. for February 0.2% mom 13.7% yoy.Previous -1.5% mom 12.2% yoy.
  • Switzerland Unemployment Rate for March 3.4% - in line with expectations.Consensus 3.4%. Previous 3.6%.
  • Switzerland Unemployment Rate (sa) for March 3.3% - in line with expectations.Consensus 3.3%. Previous 3.4%.
  • UK PPI Input NSA for March 3.7% mom 14.6% yoy - higher than expected.Consensus 2.1% mom 12.5% yoy. Previous 1.4% mom 14.9% yoy.
  • UK PPI Output n.s.a. for March0.9% mom 5.4% yoy - higher than expected. Consensus 0.6% mom 5.1% yoy Previous 0.5% mom 5.3% yoy
  • UK PPI Output Core NSA for March 0.4% mom 3.0% yoy - higher than expected.Consensus 0.3% mom 2.9% yoy. Previous 0.0% mom 3.1% yoy.