Frontrunning: April 5

  • Hilsenrath speaks again: BoJ Considers Measured Quake Response  (WSJ)
  • Bernanke Says Fed Will Act If Inflation More Than ‘Transitory' (Bloomberg)
  • IMF Chief: 'Black Swans' Still Haunt Global Finance (WSJ)
  • Will the Real Phillips Curve Please Stand Up? (Hussman)
  • China Raises Interest Rates to Counter Inflation Pressure (Bloomberg)
  • Japan Food-Supply Issues Raise Questions on Tariffs, Imports (WSJ)
  • Fed's Bernanke Downplays Inflation Fears (WSJ)
  • U.S. Budget: Demagoguery and Sophistry Reign (RCM)
  • Asian Central Banks Aim to Weaken Currencies (WSJ)
  • Libyan Rebels Set for First Crude Exports (FT)
  • How to Avoid the Pitfalls of a New Tech Bubble (Bloomberg)
  • UN Helicopters Fire on Ivory Coast Forces (FT)
  • Fears for Lisbon as Yields Near 10% (FT)
  • Greens Wait in Wings if Merkel Swaps Partners (FT)

European economic summary:

  • Euro-Zone PMI Composite for March 57.6 – higher than expected.Consensus 57.5 Previous 57.5
  • Euro-Zone PMI Services for March57.2– higher than expected.Consensus 56.9 Previous 56.9
  • Euro-Zone Retail Sales for February -0.1% 0.1% y/y – lower than expected.Consensus 0.1% m/m 0.6% y/y. Previous 0.2% m/m 0.4% y/y.
  • Germany PMI Services for March 60.1 – in line with expectations.Consensus 60.1. Previous 60.1.
  • France PMI Services for March 60.4 – lower than expected.Consensus 60.7. Previous 60.7.
  • UK PMI Services for March 57.1 – higher than expected.Consensus 52.6. Previous 52.6.
  • UK Official Reserves (Changes) for March $2254M.Previous $904M.


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