-MAR South Korea (KR) CURRENT: $ 3.0B v. $ 557 M before; The GOODS BALANCE: $ 3.00B V $ 1.31B BEFORE
-SURVEY of CONSUMER CONFIDENCE (UK) UK APR GFK:-31 V-30E
-PMI MANUFACTURING JAPAN APR MARKIT/JMMA (JP): 50.7 v 51.1 BEFORE
-The RATE of GROWTH of MAR Japan (JP): 4.5% (E) v 4.5%; RELATIONSHIP to APPLICANT: 0.76 v 0.76 (E) BEFORE the
-Japan (JP) MAR NATIONAL CPI Y/Y: 0,5% V 0.4% E; The NATIONAL CORE Y/Y 0.2% V 0.1% E (6-month high); APR TOKYO CPI Y/Y:-0.3% V-0.1% E; The TOKYO CORE Y/Y:-0,5% V-0.3% E (5-month low)
-Japan (JP), MAR Y/Y: general household expenditure 3,4% V 4.1% E (2-year high)
-Japan (JP) MAR PRELIMINARY INDUSTRIAL PRODUCTION M/M: 1.0% V 2.3% E; Y/Y: 13,9% V 15.6% E
-Japan (JP) MAR RETAIL M/M:-1.2% V-0.5% E; Y/Y: 10,3% V 10.0% E (multi-year high); LARGE RETAILERS ' SALES Y/Y: 5,0% V 7.2% (E) BEFORE the
-TRADE BALANCE for FEBRUARY Philippines (PH):-V 562 M $-$ 1.0B BEFORE; TOTAL IMPORTS: $ 5.0B V $ 5.1B BEFORE
-China (CN) MAR industrial profits YTD Y/Y:-1.3% V-5.2% against (2nd consecutive decrease)
-Mar Thailand (TH) production: production index; Y/Y:-3.2% v-0.5% (e)
*** Markets snapshot (from 04: 30GMT) ***
-Charts for + 0.8%
-S and P/ASX flat
-Kospi + 0.5%
-Shanghai composite-0.2%
-Hang Seng + 0.5%
-Jun S and P Futures-0,4% of 1,391
-Gold June-0,3% in $ 1,655/oz
-June Crude-0.5% $ 104.06
* ** Review Top headlines ***
-The European fiscal crisis is once again front and Center in the Asia session, overshadowing some modest revitalising housing the U.S., as well as the strong wage conformation of Amazon. S and P has remained at the forefront of aggressive oversight of the sovereign, cutting the rating of Spain by 2 notches to BBB +. Cut it takes S and P rating one stroke below with Moody's and two notches below the Fitch. In particular, Spain is forced to continue support for the banking sector and is also likely to Miss its target of 5.3% debt to GDP in that year. Instead, the S and P sees budget deficit of 6.2% of GDP to contract by 4% in 2012 and by 1% in 2013. S and P500 futures sank more than 5 handles after the Department S and P and never recovered, sitting just above the 1,390 in June. The EUR fell about 60 PIPs in the face of the jump to $ 1.3080, while the majors Asia-Pacific merchandise were sold to a more intensive second session-AUD/USD and NZD/USD fell about 30 pips $ 1.0360 and $ 0.8110 respectively.
-Bank of Japan confounded the traders preparing or disappointed by the purchase of the assets of ¥ 5T increase or cheer more aggressive bloom of ¥ 10T. Instead, the BATTLE increased JGB component of its program ¥ 10T with ¥ 19T to ¥ 29T, but also reduce the g at the fixed rate of delivery of Fund operations by ¥ ¥ ¥ 5T from 35T to 30T Recalling recent episodes of undersubscription. In this connection, the increase in the purchase of the net assets of the battle was only ¥ 5T to ¥ 70T, as the USD/JPY below 80.50 whipsawed over 81.40 and again under 80.90 in hour. In particular, the BATTLE also extended the maturity of JGBs to be purchased in accordance with its programme of 1-3 years of 1-2 years, pressuring JGB gives the page the lower curve. The BATTLE also raised its Outlook for inflation, taking into account changes y/y CPI gradually increase to a range of 0.5-1.0% (previously told y/y, the rate of change in the CPI will remain at around 0% at the time).
*** Speakers/Geopolitical/in the press ***
-Bahk Min Fin South Korea (KR): economy getting out of soft patch, but domestic demand remains slow
-Azumi Min Fin Japan (JP): do not refuse Japan is considering the purchase of the bonds of South Korea; Expects Spain to regain the trust of the market; To monitor the BATTLE of policy decision spends; The need to make full use of monetary policy and deregulation to beat deflation.
-Japan (JP) reaches the agreed US Defense Dept about the presence of US Marines on Okinawa; Plan moving 9 K marines from the island; 5 K Guam and the rest to Australia, Hawaii
* * The * Actions * **
-MQG.AU (Macquarie): reports for FY11/12 NET v 730 M $ $ 726Me; Rev. $ 6 v. 96b. 67b $ 7 y/y
-005930. KR (Samsung Electronics): final reports Q1 NET y and y profit KRW 5.0 T (high record) v KRW 2.8 T, Op profit KRW 5.85 T v KRW 5.3 T y/y, Rev. KRW 45.3 T v KRW37T y/y
*** US action ***
-AMZN: Reports Q1 $ 0.28 v $ 0.07e, R $ 13.18b v 12. $ 9be; + afterhours 13,8%
-CSTR: Reports Q1 $ 1.39 (adj) v $ 1.34e, R $ 568 M v $ 564Me; afterhours-3.4%
-ESM: Reports Q1 $ 1.22 (adj) v $ 1.12e, R $ 1.82b v $ 1.9be; + 1.5% afterhours
-Eksponatem: Reports Q1 $ 0.26, v $ 0.16 y/y, R $ 816. v 5 M $ 791Me; + afterhours 18.7%
-GILD: Reports Q1 $ 0.91 v $ 0.93e, R $ 2.28b v $ 2.2be; -0,2% afterhours
-MET: Reports Q1 $ 1.37 v $ 1.29e, R $ 15.9b v $ 16.7be; -0,2% afterhours
-PFG: Reports Q1 $ 0.70 v $ 0.74e, R $ 2.10b v-$ 2.1be; -0,6% afterhours
-SBUX: Reports Q2 $ 0.40 v $ 0.39e, R $ 3.20b v $ 3.2be; afterhours-5,0% >-WDC: Reports Q3 $ 2.52 v $ 1., no. 58e. 04b, $ 3-$ 2.4be; -8.5% afterhours
*** Fixed income/goods/Forex ***
-H (US) weekly Fed balance sheet assets of the week from 25 Apr: $ 2.85t v $ 2.86t before; M1: + v. 9b $8-before $ 3.9b; M2: + $ 26.1 b v-$ 6.2b before
-Australia (AU), sells A $ 700 M 5.5% bonds due 2018, offer to cover the 2.24 x
-Japan (COR) for the purchase of bonds of the govt of South Korea, in order to strengthen the ties between the two Nations-press financial
-USD/CNY: PBoC (CN) sets the Yuan mid point on 6.2787 v 6.3060 prior close (new Yuan high since the revaluation July 2005)
-SURVEY of CONSUMER CONFIDENCE (UK) UK APR GFK:-31 V-30E
-PMI MANUFACTURING JAPAN APR MARKIT/JMMA (JP): 50.7 v 51.1 BEFORE
-The RATE of GROWTH of MAR Japan (JP): 4.5% (E) v 4.5%; RELATIONSHIP to APPLICANT: 0.76 v 0.76 (E) BEFORE the
-Japan (JP) MAR NATIONAL CPI Y/Y: 0,5% V 0.4% E; The NATIONAL CORE Y/Y 0.2% V 0.1% E (6-month high); APR TOKYO CPI Y/Y:-0.3% V-0.1% E; The TOKYO CORE Y/Y:-0,5% V-0.3% E (5-month low)
-Japan (JP), MAR Y/Y: general household expenditure 3,4% V 4.1% E (2-year high)
-Japan (JP) MAR PRELIMINARY INDUSTRIAL PRODUCTION M/M: 1.0% V 2.3% E; Y/Y: 13,9% V 15.6% E
-Japan (JP) MAR RETAIL M/M:-1.2% V-0.5% E; Y/Y: 10,3% V 10.0% E (multi-year high); LARGE RETAILERS ' SALES Y/Y: 5,0% V 7.2% (E) BEFORE the
-TRADE BALANCE for FEBRUARY Philippines (PH):-V 562 M $-$ 1.0B BEFORE; TOTAL IMPORTS: $ 5.0B V $ 5.1B BEFORE
-China (CN) MAR industrial profits YTD Y/Y:-1.3% V-5.2% against (2nd consecutive decrease)
-Mar Thailand (TH) production: production index; Y/Y:-3.2% v-0.5% (e)
*** Markets snapshot (from 04: 30GMT) ***
-Charts for + 0.8%
-S and P/ASX flat
-Kospi + 0.5%
-Shanghai composite-0.2%
-Hang Seng + 0.5%
-Jun S and P Futures-0,4% of 1,391
-Gold June-0,3% in $ 1,655/oz
-June Crude-0.5% $ 104.06
* ** Review Top headlines ***
-The European fiscal crisis is once again front and Center in the Asia session, overshadowing some modest revitalising housing the U.S., as well as the strong wage conformation of Amazon. S and P has remained at the forefront of aggressive oversight of the sovereign, cutting the rating of Spain by 2 notches to BBB +. Cut it takes S and P rating one stroke below with Moody's and two notches below the Fitch. In particular, Spain is forced to continue support for the banking sector and is also likely to Miss its target of 5.3% debt to GDP in that year. Instead, the S and P sees budget deficit of 6.2% of GDP to contract by 4% in 2012 and by 1% in 2013. S and P500 futures sank more than 5 handles after the Department S and P and never recovered, sitting just above the 1,390 in June. The EUR fell about 60 PIPs in the face of the jump to $ 1.3080, while the majors Asia-Pacific merchandise were sold to a more intensive second session-AUD/USD and NZD/USD fell about 30 pips $ 1.0360 and $ 0.8110 respectively.
-Bank of Japan confounded the traders preparing or disappointed by the purchase of the assets of ¥ 5T increase or cheer more aggressive bloom of ¥ 10T. Instead, the BATTLE increased JGB component of its program ¥ 10T with ¥ 19T to ¥ 29T, but also reduce the g at the fixed rate of delivery of Fund operations by ¥ ¥ ¥ 5T from 35T to 30T Recalling recent episodes of undersubscription. In this connection, the increase in the purchase of the net assets of the battle was only ¥ 5T to ¥ 70T, as the USD/JPY below 80.50 whipsawed over 81.40 and again under 80.90 in hour. In particular, the BATTLE also extended the maturity of JGBs to be purchased in accordance with its programme of 1-3 years of 1-2 years, pressuring JGB gives the page the lower curve. The BATTLE also raised its Outlook for inflation, taking into account changes y/y CPI gradually increase to a range of 0.5-1.0% (previously told y/y, the rate of change in the CPI will remain at around 0% at the time).
*** Speakers/Geopolitical/in the press ***
-Bahk Min Fin South Korea (KR): economy getting out of soft patch, but domestic demand remains slow
-Azumi Min Fin Japan (JP): do not refuse Japan is considering the purchase of the bonds of South Korea; Expects Spain to regain the trust of the market; To monitor the BATTLE of policy decision spends; The need to make full use of monetary policy and deregulation to beat deflation.
-Japan (JP) reaches the agreed US Defense Dept about the presence of US Marines on Okinawa; Plan moving 9 K marines from the island; 5 K Guam and the rest to Australia, Hawaii
* * The * Actions * **
-MQG.AU (Macquarie): reports for FY11/12 NET v 730 M $ $ 726Me; Rev. $ 6 v. 96b. 67b $ 7 y/y
-005930. KR (Samsung Electronics): final reports Q1 NET y and y profit KRW 5.0 T (high record) v KRW 2.8 T, Op profit KRW 5.85 T v KRW 5.3 T y/y, Rev. KRW 45.3 T v KRW37T y/y
*** US action ***
-AMZN: Reports Q1 $ 0.28 v $ 0.07e, R $ 13.18b v 12. $ 9be; + afterhours 13,8%
-CSTR: Reports Q1 $ 1.39 (adj) v $ 1.34e, R $ 568 M v $ 564Me; afterhours-3.4%
-ESM: Reports Q1 $ 1.22 (adj) v $ 1.12e, R $ 1.82b v $ 1.9be; + 1.5% afterhours
-Eksponatem: Reports Q1 $ 0.26, v $ 0.16 y/y, R $ 816. v 5 M $ 791Me; + afterhours 18.7%
-GILD: Reports Q1 $ 0.91 v $ 0.93e, R $ 2.28b v $ 2.2be; -0,2% afterhours
-MET: Reports Q1 $ 1.37 v $ 1.29e, R $ 15.9b v $ 16.7be; -0,2% afterhours
-PFG: Reports Q1 $ 0.70 v $ 0.74e, R $ 2.10b v-$ 2.1be; -0,6% afterhours
-SBUX: Reports Q2 $ 0.40 v $ 0.39e, R $ 3.20b v $ 3.2be; afterhours-5,0% >-WDC: Reports Q3 $ 2.52 v $ 1., no. 58e. 04b, $ 3-$ 2.4be; -8.5% afterhours
*** Fixed income/goods/Forex ***
-H (US) weekly Fed balance sheet assets of the week from 25 Apr: $ 2.85t v $ 2.86t before; M1: + v. 9b $8-before $ 3.9b; M2: + $ 26.1 b v-$ 6.2b before
-Australia (AU), sells A $ 700 M 5.5% bonds due 2018, offer to cover the 2.24 x
-Japan (COR) for the purchase of bonds of the govt of South Korea, in order to strengthen the ties between the two Nations-press financial
-USD/CNY: PBoC (CN) sets the Yuan mid point on 6.2787 v 6.3060 prior close (new Yuan high since the revaluation July 2005)
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