Global Macro Perspectives
*** The Big Picture: Things To Be Concerned About Regarding This Market ***
*** FT Alphaville: Cash is king ***
*** FT Alphaville: Glencore IPO term sheet ***
*** FT BeyondBRICs: Renren IPO: over the top? ***
*** self-evident: An intriguing potential problem with CDS ***
MBA mortgage applications rose 4.0%; Prior reading was a fall of 5.6%; On year level MBA Basic Index is down 17.5%.
Challenger’s count of layoff announcements was reported at 36,490 in April vs. 41,528 in March.
ADP Employment rose 179,000 in April vs. revised (up 6,000) gain of 207,000 in March.
Nonfarm payrolls on Friday could be close to the 185,000 consensus.