Succinct Summation of Week’s Events (3.25.11)

Succinct summation of week’s events


1) Japanese stocks bounce, reactor mania calms but not out of the woods
2) Initial Claims below 390k for 5th week in past 7
3) New Home Sales awful but keeps new homes off the market to better suck up existing ones
4) French biz confidence highest since Oct ’08 and German IFO remains near best on record
5) Trichet reaffirms desire to hike rates to quell inflation
6) Philippines joins fight against inflation by raising rates


1) UoM confidence falls 10 pts from Feb, 1 yr inflation expectations at 2 1/2 year high
2) Portugal heading into hands of EU/IMF as gov’t falls, Irish yields also spike
3) Feb Durable Goods disappoint even with easy comparison
4) New Home Sales awful, builders continue to suck wind
5) Existing Home Sales well below estimates
6) Oil prices back near recent high as bombs drop on Libya
7) Trichet still wants to hike rates, can Europe handle it?
8) UK CPI now at 4.4%

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