Recap 3-12-13

Commentary:

None

Notable:

  • The PBOC apparently would like to be withdrawing monetary accommodation at the moment amid rising inflationary pressures but powerful resistance from other corners of the government is preventing tightening from taking place. The government is intent on hitting growth targets for the year and inflation is taking a backseat. Reuters
  • Japan Consumer Confidence improved to 44.3 vs 43 exp and 43.3 prev

Upcoming Data:

  • 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
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