Frontrunning: March 22

Tyler Durden's picture
  • Arab Regimes Under Siege (WSJ)
  • Rift Over Command of Libya Campaign (FT)
  • Premier Wen Jiabao Says ‘Urgent Steps’ Needed on China’s Trade Imbalance (Bloomberg)
  • Japan Maintains Threat of Further G-7 Action (WSJ)
  • China Central Bank to Lift HK Yuan Clearing Interest Rate (Reuters)
  • U.S. Banks Oppose Tighter Money Rules (WSJ)
  • How Germany Can Avoid a Two-Speed Europe (George Soros)
  • Trichet Signals Rate Increase Likely (WSJ)
  • Osborne to Reveal Borrowing Increase (FT)
  • Buffett Won’t Sell Japan Shares as Earthquake Creates ‘Buying Opportunity.’ (Bloomberg)
  • Finland Holds Key to Eurozone ‘Grand Bargain.’ (FT)
  • Japan Quake May Cost Life Insurers $4.9 Billion, Moody’s Says (Bloomberg)

European economic highlights

  • Switzerland Trade Balance for February 2.49B. Previous 2.04B.
  • Switzerland Exports real SA for February 4.2% m/m. Previous 4.9%.
  • Switzerland Imports real SA for February 0.3% m/m. Previous 1.1%.
  • UK CPI 0.7% m/m 4.4% y/y - higher than expected.Consensus 0.6% m/m 4.2% y/y. Previous 0.1% m/m 4.0% y/y.
  • UK Core CPI 3.4% y/y - higher than expected. Consensus 3.1% y/y. Previous 3.0% y/y.
  • UK Retail Price Index 231.3 - higher than expected. Consensus 230.6. Previous 229.0.
  • UK RPI 1.0% m/m 5.5% y/y - higher than expected. Consensus 0.7% m/m 5.2% y/y. Previous 0.3% m/m 5.1% y/y.
  • UK RPI Ex Mort Int.Payments 5.5% y/y - higher than expected. Consensus 5.2% y/y. Previous 5.1% y/y.
  • UK Public Finances (PSNCR) 7.0B - higher than expected. Consensus -4.2B. Previous -14.8B.
  • UK Public Sector Net Borrowing 10.3B - higher than expected. Consensus 7.6B. Previous -6.3B.
  • UK PSNB ex Interventions 11.8B - higher than expected. Consensus 7.2B. Previous -4.8B.
  • UK CBI Trends Total Orders. Consensus -6. Previous -8.