Frontrunning: March 29

Tyler Durden's picture
  • Fed’s Bullard Says QE2 Exit Debate Likely ‘Key’ 2011 Issue (Bloomberg)
  • Obama Defends Libya Fight (WSJ)
  • Radiation Found Outside Japan Reactor, Signaling Meltdown (Bloomberg)
  • Radioactive Flood in Japan Reactor Tunnels (FT)
  • SEC focusing on hedge funds that outperform “market indexes by 3% on a steady basis.” (Securities Docket)
  • Schaeuble Sees Portugal Seeking Bailout, Handelsblatt Reports (Bloomberg)
  • Budget negotiations breaking down (WaPo)
  • Democrats, White House Said to Back $20 Billion of Additional Budget Cuts (Bloomberg)
  • A Requiem for Detroit (WSJ)
  • Spain's Banco Base to Ask for State Funds (WSJ)
  • Libyan Rebels Maintain Westward Push (FT)
  • More housing hell (NYPost)
  • Portuguese Bailout Costs More Than Money Alone (Bloomberg)
  • Yemen Handover Talks Stall but Deal Within Reach (Reuters)
  • Egypt Plans Parliamentary Election (WSJ)

European Economic Highlights:

  • Germany GfK Consumer Confidence Survey for April 5.9 – higher than expected.Consensus 5.8. Previous 6.0.
  • Germany Consumer Price Index for March.Consensus 0.4% m/m 2.2% y/y. Previous 0.5% m/m 2.1% y/y.
  • France Consumer Spending for February0.9% m/m 5.5% y/y - higher than expected.Consensus 0.5% m/m 4.8% y/y. Previous -0.3% m/m 2.4% y/y.
  • UK Total Business Investment for Q4 0.0 q/q 12.2 y/y.Previous -2.5% q/q 10.0 y/y.
  • UK Current Account (BP) for Q4 -10.5B – in line with expectations.Consensus -10.5B. Previous -9.6B.
  • UK GDP for Q4 -0.5 q/q 1.5% y/y – higher than expected. Consensus -0.6% q/q 1.5% y/y. Previous -0.6% q/q 1.5% y/y.
  • UK Net Consumer Credit for February 0.8B – higher than expected.Consensus -0.1B. Previous -0.3B.           
  • UK M4 Money Supply for February -0.3% m/m -1.5% y/y.Previous 0.8% m/m -1.7% y/y.
  • UK Mortgage Approvals for February 47.0K - higher than expectedConsensus 46.0K. Previous 45.7K.