Archive for April 14th, 2011

U.S. Producer Price Index Rose 0.7% In March

U.S. producer price index rose 0.7% in March vs. 1.0% consensus. February reading was at 1.6%. On year level PPI is up 5.7%.

Daily Reading – Thursday, April 14, 2011

*** FT Alphaville: This year’s oil bill – $2,400bn according to Morgan Stanley ***
*** FT Alphaville: Glencore’s trading strategies disclosed! ***
*** FT Alphaville: Goldman says there’s been a copper collateral crackdown ***
*** FT Alphaville: Greek-out! Again! ***
*** The Big Picture: Corporate Tax Rates, Then and Now ***
*** The Big Picture: Hoenig: The New GSEs Are Citi, Bank of America ***
*** The Big Picture: Why Has No One on Wall Street Gone to Jail (Yet)? ***
*** Macro Man: Plants vs Zombies ***
*** Casandra Does Tokyo: Credit Where Credit is Due ***
*** The Reformed Broker: Peak Fish and Other Insights from Agriculture 2.0 ***
*** Slope Of Hope: Staring at a Beautiful Top ***

U.S. Initial Jobless Claims At 412.000; Up 27.000

Initial jobless claims in the U.S. were reported at 412.000 vs. 380.000 consensus and last week revised (up 3.000) reading of 385.000.

Four weeks mostly unchanged in the last 6 readings.

U.S. Petroleum Weekly – April 14, 2011

Goldman doesn’t like markets taking their research lightly, so it issued sell recommendations twice.

Same as it issued sell recommendation ahead 2008 crude oil record run.

Look at the gasoline stocks.

China Monetary Expansion Speeds Up In March

The most broad measure of money supply – M2 rose 16.6% y-o-y in March vs. 15.4% consensus and 15.7% rise in February.
Chinese banks issued CNY 679.5 billion of new loans in March vs. CNY 535.6 billion in February and consensus of CNY 600.0 billion. The government has not provided a target for this year, but inferring on Q1 numbers the pace of loan growth could be similar to last years pace.


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