- US Retail Sales ex Autos and Gas rose 0.6% MoM in March vs 0.5% expected. Last month’s print was revised higher to 0.9% from 0.6%. Base effects, however, takes the YoY rate down to 7.1%, and the CPI adjusted print down to 5%
- JPM: 1.28 vs 1.15. Revenues were inline, beat was from IB, lower provisions that were somewhat offset by comp. Total loans, however, fell -1% QoQ and -4% YoY, driven by lower credit card loans. NPA formation fell -47% QoQ and -69% YoY, which generated at 35c card reserve release. Trading revenues were off -2% on a YoY basis.
- UK ILO Employment 3ma fell to 7.8% in vs 8.0% expected and previously
- UK Average Weekly earnings rose 2.0% annualized over the past 3 months, vs 2.6% expected and 2.3% previously.
- South Korea UE was unchanged at 4.0% vs 3.8% expected
- Too busy today to have much of a view, so here are a few interesting charts from the 2011 world bank report on Conflict, Security and Development: