-AUSTRALIA (AU) Q1 CONSUMER prices (CPI) Q/P: 0,1% V 0.6% E; Y/Y: 1.6% V 2.2% E (lowest since Q3 2009) >-Japan (JP) MAR company services price INDEX Y/Y:-0.3% V-0.6% E (3-month high)
-China (CN) MAR the Conference Board leading economic index M/M: 0.8% V 1.0% before (3-month low)
MAR-New Zealand (NZ), NET MIGRATION: 130.0 v-300 BEFORE
-Credit card-Mar, New Zealand (NZ), m/m: 0.3% v 0.4% before; y/y: 5.2% v 4.0% against (3-month high)
-(AR) Argentina Mar budget balances (ARS): + 849 m v + 1.3 (B) y/y
*** Markets snapshot (from 04: 30GMT) ***
-Charts for-0.9%
-S and P/ASX + 0.1%
-Kospi-0.7%
-Taiwan Taiex-0.2%
-Singapore Straits Times + 0.3%
-Shanghai composite-1.4%
-Hang Seng-0.3%
-Jun S and P Futures + 0.2% of 1,365
-Gold + 0.3% in June, $ 1,637/oz
-June Crude-0.1% in the $ 102.97
* ** Review Top headlines ***
-Lower than expected inflation in Australia signs the banks possible actions at the next meeting in May. Analysts are speculating that it may be a reduction in June and may. y/y 1.6% inflation was the lowest level since Q3 2009 RBA trimmed means also arrived in at the lowest level in 5 quarters at 0.3% q/q. AUD/USD initially fell more than 60 pips $ 1.0260 before testing to $ 1.0250 fell AUD/CAD on low 5-month during the GBP/AUD rose to high 5-month $ 1.57. Australia 10-yr yield fell to record lows in the vicinity of 3.64%. ASX S and P has increased in the message and the expected cut in May during the Shanghai composite fell more than 1%. Australia Treasurer Swan says inflation core is contained and the bottom of the destination range; No risk for deflation. He said also that the lower the CPI is not a sign of slower growth. USD/JPY reduced to ¥ 80.87, while Japan 5-yr yield test 0.265%, the lowest level since October 2010. The Bank of Japan (battle of) will be meeting decision of the rate at the end of this week. Copper rose above 0.5% to $ 3.64 when silver gained 0.7% to $ 30.73. Political developments in the EU, the current French President Sarkozy coming in the second candidate of Socialists from Sunday's pre-elections and the threat of the Netherlands losing its AAA rating weighed on the markets. ECB'S Nowotny noted that the ECB bond purchase programme (SMP) is currently in "sleep mode" new targeted measures may be carried out when needed. No chance of a wider programme of bonds; Germany would not confirm such measures. Furthermore, they believed that the second LTRO began to be felt in the real economy.
*** Speakers/Geopolitical/in the press ***
-(CN) China State administration of foreign exchange (safe) repeats will ensure financial national security and combating cash flow hot
-South Korea (KR) 2013 budget to focus on welfare, education and the creation of jobs; The aim is to restore budgetary equilibrium and achieve sustainable growth-the Korean press
-(CN) China Bank Regulator (CBRC): 2012 will be a difficult year; The debt crisis in Europe, difficult to solve in the short term, the risk of a recession the euro zone is growing
-Furukawa Min Econ Japan (JP): repeats the hopes that the battle will continue to deal with the powerful monetary easing and appropriate action
-(CN) PBoC sites Zhou: China may first relax the control of borrowing costs and widen the scope of the deposit rate as part of a policy change in the financial industry-Caijing Magazine
* * The * Actions * **
-NCM.AU: Reports Q3 production gold 532.2 k oz v 579 K oz q/q; Copper 18.1 K tonnes 18.2 k tonnes of q/q
-WES.AU: Reports Q3 Rev A $ 7.85b v 7 $ 9be
-SPT.AU: Pacific Equity Partners makes second bid for Spotless, values the company at $ 745 M v and $ 711 M in front of the
-6665. JP: Toshiba pulls out of race for Japan's Elpida-press Japan
-1733. HK: Chalco taking 29.9% stake in Winsway cash HK $ 2.39b
-THE FBU.NZ: CEO: on the path to meet the forecast; NZ housing market showing signs of improvement, Australia is weak and is facing further deterioration
*** US action ***
-WFT: Reports Q1 $ 0.25 (adj) v $ 0.28; Rev. $ 3. No. 60b v $ 3.6be; -1.5% after hours
-TXN: Reports Q1 $ 0.22 (incl. $ 0,10 a fee to connect the NSM) v $ 0.29e, R $ 3.12b v $ 3.1be; + 3.7% after hours >-NFLX: Reports Q1-$ 0.08 v-. 27 e $ 0, $ 870 M v $ 867Me; -16.6% after hours
-USTREN: Reports Q1 $ 0.45 (adj) v $ 0.41e, R $ 1.27b v $ 1.2be; + 2.2% after hours
-CNI: Reports Q1 (C) $ 1.75 v C $ 1.02e. 3be v C $ 2 Rev C $ 2.34b; + 0.1% after hours
*** Fixed income/goods/Forex ***
-JGB: MoF Japan sells ¥ 1.09t 20-yr JGBs 1.7% (1,8% before); on the cover: Latimer x v 3.26 x before
-CN) PBoC offers CNY 9.0 B 28-day repo 2,80% (6 consecutive, offering the same rates); Do not sell the BOM
-(CN) China Stats Office: China pig prices mid April-2, 1%
-(AU) Australia Bureau of statistics: bulk storage of wheat grains 21.3 m tonnes of the end of March to 9% from the end of February
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