Recap 4-17-13

Commentary:

It looks like seasonal weakness is coming a couple weeks early this year.

Separately, interesting charts from BAML’s Fund Manager Survey:

Notable:

  • UK MPC minutes show that the vote was 6-3 in favor of no action. King, Miles and Fisher voted for a 25mm GBP asset purchase increase.
  • BoC statement was dovish. The BoC now expects the Canadian economy to close its output gap in 2015 vs late 2014 previously.
  • NYT: Hospitals Profit From Surgical Errors, Study Finds

Upcoming Data:

  • Thu: UK Retail Sales, US Jobless Claims, US Philly Fed,
  • Fri: Canada CPI
  • Mon: Canada Existing Home Sales, China HSBC Flash Mfg PMI
  • Tue: Japan Small Business Confidence, EU PMI, Canada Retail Sales, US Markit PMI, New Home Sales
  • Wed: German IFO, US Durable Goods Orders, Oil Inventories
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