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Fed’s Kocherlakota: Mon Pol Key To Preventing High Job Losses

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By Brai Odion-Esene WASHINGTON (MNI) - The bursting of an asset price bubble will not have any impact on unemployment or output if central bank policy is "sufficiently accommodative," the Minneapolis Federal Reserve Bank president said Friday. Presenting an academic paper ...

German February Ifo business climate 111.1

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Above median forecast 110.5. Current conditions index 115.8, above median forecast 114.7 Business expectations index 106.5, lower than median forecast 106.9 Ifo's Abberger: Japan disasters to have no lasting impact on global economy However, Japan could have impact on global economy if Tokyo affected by radiation German companies can cope with higher oil price for now Euro ...

Portuguese 10-year govt bond yield rises through 8%

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Portuguese/German 10-year govt bond yield spread widens to 472 bps, 11 bps wider on day Guess we can expect reports ECB buying Portuguese bonds in the very near future.

China central bank: Dollar could weaken in 2011

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Global recovery on more solid foundation this year European sovereign debt crisis could spread this year Emerging market faces risks from inflation, asset bubbles Countries should try to avoid competitive currency devaluations (they're soooo funny) Global commodity prices still have room to rise in 2011 Gold prices could reach new record, but also sees downside ...

AUD/USD ticks higher; stops noted

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AUD/USD up at 1.0240 from around 1.0215 when I arrived two days ago (well it seems that long given the general inertia). Sources report some buying from a central bank. Reports abound of decent stop loss orders lying close by. Conflicting reports have them through 1.0260 or 1.0265. But as I ...

FRANCE DATA: March consumer morale 83; February 85…

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FRANCE DATA: March consumer morale 83; February 85 --Below expected; MNI analysts survey median 85 --Future inflation worries up 15 points --Buying-propensity down 1 point --Jobless fears down 9 points

French March consumer confidence falls to 83.0

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From 85 in February, weaker than median forecast of 84. EUR/USD sits at 1.4185 in very slow start to European trade. Buy orders 1.4100/10. Sell orders 1.4200/10, probably stops just above there but still need confirmation. Then barrier option interest 1.4250 and 1.4300 and some at 1.4260 apparently (go figure.) Stops through 1.4260 and ...

A nation of dropouts shakes Europe – WSJ

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Bit harsh Lovely country, lovely people.

EU Juncker:Will Not Impose External Financial Aid On Portugal

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FRANKFURT (MNI) - It is not certain that Portugal will seek external financial support, despite the fact that its parliament rejected the government's austerity package, resulting in the prime minister's resignation, Luxembourg Prime Minister Jean-Claude Juncker said Friday. It remains ...

MNI Survey: BOJ Tankan Major Mfg Index Seen Down For 2nd Qtr

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-- Most Firms Likely Responded to March Survey Before March 11 Quake -- See Separate Table For Details Of Individual Forecasts By Shigeo Kodama TOKYO (MNI) - The Bank of Japan's Tankan quarterly survey ...

Germany’s Import Prices Slowed Somewhat M/M In February

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February: +1.1% m/m, +11.9% y/y MNI survey median: +1.0% m/m, +11.7% y/y MNI survey range: +0.9% to +1.1% m/m January: +1.5% m/m, +11.8% y/y FRANKFURT (MNI) - German import ...

Euro stoxx 50 futures up 0.4% early

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DAX futures up 0.5%, CAC 40 futures up 0.4%

Talk Bank of Korea intervened to curb won strength

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Bought USD/KRW. More dollars to be diversified at some juncture.

Repeat:Fed’s Duke:Caution,Postponed Recov Seen in Family Data

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--Retransmitting Story Published 19:30 ET Thursday By Denny Gulino WASHINGTON (MNI) - Surveying the wreckage left by the financial crisis, the Fed finds continuing caution among the Boomer generation such that it's likely to be an additional factor slowing overall recovery, Federal Reserve Gov. Elizabeth Duke said ...

FRANCE DATA: Final 4Q GDP revised up to +0.4% q/q….

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FRANCE DATA: Final 4Q GDP revised up to +0.4% q/q (+0.3%) - 3Q real sa GDP revised down to +0.2% q/q vs +0.3%

JAPAN DATA: Department store sales in Japan rose a…

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JAPAN DATA: Department store sales in Japan rose 0.7% from a year earlier to Y433.2 billion in February on higher demand for clothing and food, posting the first y/y rise in four months after falling 1.1% in January, data released by the Japan Department Stores Association showed today. The association ...

Japan Feb Dept Store Sales +0.7% Y/Y, 1st Rise in 4 Months

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TOKYO (MNI) - Department store sales in Japan rose 0.7% from a year earlier to Y433.2 billion in February on higher demand for clothing and food, posting the first y/y rise in four months after falling 1.1% in January, the Japan ...

Juncker: No one should underestimate the reform of the stability pact

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Heaven forbid!! Doesn't expect Portugal to seek emergency financial help

EUR/USD steady in slow end of week Asian trade

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EUR/USD sits at 1.4175, effectively unchanged from where North America closed out Thursday. Day 2 of the EU summit in Brussels. I can hardly contain my excitement. Got some euro zone data though: 06:30 GMT: Q4 French GDP (final) expected +0.3% q/q, +1.5% y/y 07:00 GMT: German Gfk consumer confidence for April expected 5.8 from ...

Have a great weekend

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That'll do me for the week, Gerry will be along shortly. Have a great weekend.

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