Recap 3-11-13

~ globalmacrotrading

Commentary:

None

Notable:

  • China M2 growth slowed to 15.2% YoY in Feb vs 14.9% exp and 15.9% prev.
  • German Trade Balance improved to 13.7bn in Jan vs 13.9bn exp and 12.0bn prev
  • Germany – 800K public sector workers won a 5.6% pay increase; the hike is above German inflation but below the initial 6.5% request – AP
  • China – the country will split its rail ministry into two separate units in an effort to cut down on corruption and inefficiency – Bloomberg

Upcoming Data:

  • Tue: US Retail Sales, Oil Inventories, Australia Employment
  • Wed: French Employment, US Retail Sales, Oil Inventories, AU Employment
  • Thu: Canada New Housing Price Index, US Jobless Claims,
  • Fri: EU CPI, US Empire Mfg

Published by globalmacrotrading

I am a G20 Global Macro Portfolio Manager in NYC. My background includes stints at a major investment bank, a commodities market maker, and one of the world's largest global macro hedge funds.