Frontrunning: May 3

  • Treasury Will Act to Avoid Default (WSJ)
  • Conservatives Romp to Crushing Canadian Election Win (Reuters)
  • China Housing Buyers Hang Back (Shanghai Daily)
  • Fed Says Banks Eased Terms as Loan Demand Rose (Bloomberg)
  • Morgan Stanley Joins Funds Buying Commodities As Goldman Sachs Says Sell (Bloomberg)
  • U.K. Manufacturing Index Dropped to Seven-Month Low in April (Bloomberg)
  • Global Standard on Banks’ Lending Risks Urged (FT)
  • New Bundesbank Chief Takes Helm (FT)
  • Swiss Freeze Gaddafi, Mubarak and Ben Ali’s Funds (FT)
  • Nations Brace for Retaliation (WSJ)
  • Pakistan Says Not Part of U.S. Operation to Kill bin Laden (Reuters)
  • South Korea Blames North for Cyber Attack (WSJ)
  • RBI hiked its repo rate by 50bps to 7.25%, reverse repo rate by 50bps to 6.25% - higher than expected



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