Frontrunning: March 31

Tyler Durden's picture
  • Bondholder Haircut From Ireland May Shut Italy, Spain Funding (Bloomberg)
  • Bank of Ireland, Two Smaller Banks Said to Need $12.7 Billion of Capital (Bloomberg)
  • Hoenig Says Fed Shares Blame for Higher Commodity Prices; Urges Tightening (Bloomberg)
  • Gaddafi Foreign Minister Flees to UK (FT)
  • Fed's Stimulus Exit May Not Wait for Global Turmoil to Pass, Bullard Says (Bloomberg)
  • Kuwait's cabinet resigns to avoid questions (Al Jazeera)
  • Cairo Revolution Finds New Target: Free Market (WSJ)
  • Stop The Madness: Make The Dollar As Good As Gold (Forbes)
  • Stark Defends ECB Plan to Lift Rates (FT)
  • Bill Gross Says Treasuries Have Little Value, Echoing Buffett (Bloomberg)
  • Noonan to Propose 'Radical' Bank Sector Restructuring (IT)
  • Geithner Presses on Exchange Disparities (WSJ)
  • U.K. Economy Shows Life But Clouds Linger (WSJ)

European Economic Highlights:

  • Euro-Zone CPI Estimate for March 2.6% y/y - higher than expected.Consensus 2.4% y/y. Previous 2.4% y/y.
  • Germany Unemployment Change for March -55K – lower than expected.Consensus -25K. Previous -54K.
  • Germany Unemployment Rate (s.a) for March 7.2% - higher than expected.Consensus 7.1%. Previous 7.3%.
  • France Producer Prices for February 0.8% m/m 6.3% y/y – higher than expected.Consensus 0.8% m/m 6.2% y/y. Previous 0.9% m/m 5.6% y/y.
  • Norway Credit Indicator Growth for February 5.9% - lower than expected.Consensus 6.2%. Previous 6.1%.
  • Norway Retail sales - vol sa for February 0.7% m/m 2.7% y/y – higher than expected.Consensus 0.5% m/m 1.3% y/y. Previous 0.1% m/m 0.4% y/y.
  • UK GfK Consumer Confidence Survey for March -28 – higher than expected.Consensus -30. Previous -28.
  • UK Hometrack Housing Survey for March -0.1% m/m -3.2% y/y – higher than expected. Previous -0.2% m/m -2.7% y/y.
  • UK Nat'wide House prices sa for March 0.5% m/m 0.1% y/y – higher than expected. Consensus 0.0% m/m -0.6% y/y. Previous 0.3% m/m -0.1% y/y.