Recap 4-09-13

Commentary:

None

Notable:

  • Canada Housing Starts increased to 184k in March vs 175k exp and 180.7k prev
  • China CPI declined to 2.1% YoY in March vs 2.5% exp and 3.2% prev
  • Economist: just under half the [hedge fund] managers subsequently modified their data. Some tweaks are tiny but many are material: around 30% of managers revised past figures by 0.5% or more, roughly equivalent to a month’s returns… Investors who systematically sold out of hedge funds immediately after they first adjusted their results outperformed those that did not by a hefty 3.3% a year.

Upcoming Data:

  • Wed: China Money Supply, Trade Balance, Australia Employment,
  • Thu: US Jobless Claims, Canada New House Price Index
  • Fri: US Retail Sales, UMichigan Confidence
  • Sun: Kuroda Speaks, Australia Home Loans, China IP, Retail Sales, GDP
  • Mon: EU Trade Balance, Empire Mfg, NAHB Housing Market Index
  • Tue: UK CPI, German Zew, US Housing Starts
Advertisements