Recap 4-29-13

Commentary:

None

Notable:

  • German Inflation declined to 1.1% YoY vs 1.7% exp and 1.8% prev. The largest contributor appears to be Packed Holiday prices, which dropped 20.5% MoM
  • Italy Business Confidence declined to 87.6 in Apr vs 88.9 exp and prev
  • ECB: in March, (which includes the Cypriot bank crisis) both Spanish and Italian deposit inflows were very strong
  • US Personal Spending rose 0.2% MoM in March vs 0.0% exp. Income rose 0.2% vs 0.4% exp.
  • US Pending Home Sales rose 5.8% YoY in March vs 6.1% exp and 5.0% prev
  • US Core PCE Deflator dropped 1.1% in March vs 1.2% exp and 1.3% prev

Upcoming Data:

  • Mon: South Korea Mfg Business Survey, Japan Markit PMI
  • Tue: Month End, German Unemployment, Canada GDP, Chicago PMI, South Korea HSBC Mfg PMI, China Mfg PMI
  • Wed: UKMfg PMI, US ADP, ISM, Oil Inventories, FOMC, Japan Monetary Base, China HSBC Mfg PMI,
  • Thu: Italy Mfg PMI, ECB, US Trade Balance, Initial Jobless Claims, Australia Services PMI, China Non-Mfg PMI,
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