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ECB’s Constancio: Inflationary pressure is cause of concern – MNI

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Main scenario is that euro zone economy approaches full potential in 12-24 months Big growth risk comes from oil Reassuring that Greek govt restated it wants to comply with terms of aid package

Greek PM addressing cabinet on new fiscal measures: Reforms should have been done years ago

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Reforms will be spelled out after Easter Mid-term economic plan will be completed in next few weeks Aims to cut state spending to 44% of GDP by 2015 And there was me all ready to hear some juicy reform details. Oh well, ho hum. Life can be very disappointing at times. EUR/USD slips to ...

PBOC’s Zhou: To continue to make yuan more flexible

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Yuan reforms to be done in gradual manner China welcomes discussions to include yuan as part of SDR

China Q1 CPI “not optimistic”

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Market News citing "PBOC source"

BOE Sentance: Weak Sterling Could Push CPI Over 5%: Bloomberg

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--Bloomberg Interview: Sentance: Stg Boost From Hike Not Unwelcome LONDON, April 15 (MNI) - Sterling weakness threatens to push inflation above 5%, Bank of England Monetary Policy Committee Member Andrew Sentance told Bloomberg in an interview published today. "There's still quite ...

Spanish/German 10 year govt bond yield spread widens to 201 bps

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11 bps wider on day. EUR/USD unchanged from when I got in, presently at 1.4470. Early Eastern European buying helped lend support, but momentum so far lacking to push on through 1.4500 and threaten barriers up at 1.4530 and 1.4550.

Can China bust inflation without stifling growth

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WSJ's Bob Davis

Hungary’s Foreign Min: Still Want To Become EMU Member: Press

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BERLIN (MNI) - Hungary is still interested in becoming a member of the Eurozone despite the current euro crisis, Hungarian Finance Minister Janos Martonyi told German business daily Handelsblatt in an interview published Friday. "We want to become a member ...

IMF’s Lipsky: Extension Of Greece’s Bailout Program Possible

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FRANKFURT (MNI) - From the view point of the International Monetary Fund, the bailout program for Greece could be extended beyond 2013, IMF Deputy Director John Lipsky said in an interview published Friday. "We have an ongoing program that is ...

BOE’s Sentance: Still quite a bit of evidence that further upward pressure on CPI to come -Bloomberg

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Clearly risk that inflation goes up to 5% or a bit above Concerned that sterling weakened more than needed, contributing to inflation

Roubini: Greek debt restructuring is unavoidable

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Greek debt level to GDP is at "level of insolvency" Irish govt rescue package aimed at saving banks risks deepening country's debt crisis Sees US house prices declining in next few months China faces risk of "hard landing" in three years ECB may raise benchmark rate 50-75 bps this year Sees ECB benchmark rate raised to ...

USD/JPY slips slightly in early European trade

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Down at 83.23 from around 83.40 when I arrived. US treasury yields are also marginally lower since I got in, so that explains that one. Recent talk has had Kampo lurking down around 83.00, while Sean overnight reported very decent buy orders lined up down at 82.50/75. I'd hazard a guess ...

ECB’s Honohan: Irish banks ability to raise cash “not very flexible”

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ECB longer-term funding facility would ease banks' worries Not wearing "Irish hat" in monetary policy discussions

MNI Survey: Japan Mar Trade Surplus Seen -31% Y/Y On Quake

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-- See Separate Table For Details Of Individual Forecasts TOKYO (MNI) - Japan's trade surplus in March is expected to have totaled about Y647.1 billion, down 30.6%% from a year earlier, posting the first fall in two months due to the impact of the March 11 ...

Moody’s downgrades Ireland

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To Baa3 from Baa1; outlook remains negative. EUR/USD slips slightly on news. Says downgrades Ireland on expected decline of government's financial strength and country's weaker economic growth prospects Uncertainty created by ESM solvency test for provision of future liquidity support key driver to downgrade A further deterioration in Ireland's economic outlook would also exert downward ...

Euro doesn’t fly with all the voters

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David Cottle in the WSJ

Repeat:ECB Tumpel-Gugerell:Greece To Implement Consolid. Plan

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--Story originally transmitted at 16:38 EDT FRANKFURT (MNI) - Greece will implement its consolidation plan and not require a restructuring of debt, European Central Bank Executive Board member Gertrude Tumpel-Gugerell said in an interview released Thursday. Tumpel-Gugerell told German business daily ...

EUR/USD touch easier during lacklustre Asian trade

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EUR/USD down marginally at 1.4470 from a North American close Thursday up around 1.4490. A cluster of strong Chinese data releases has some anticipating another early Chinese rate hike. Not that the last one had much of an effect on the forex markets, it has to be said. Euro zone data ...

Japan Feb Industrial Output Revised to +1.8% M/M From +0.9%

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-- Japan Industrial Output Posts 4th M/M Rise in Row TOKYO (MNI) - Japanese industrial production rose a revised 1.8% in February from January, marking the fourth straight month of gains, data from the Ministry of Economy, Trade and Industry showed on Friday. ...

JAPAN DATA: Revised industrial production data for…

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JAPAN DATA: Revised industrial production data for February from the Ministry of Economy, Trade and Industry: -- Japan Feb Industrial Output Revised to +1.8% M/M From +0.9% -- Japan Feb Industrial Output Posts 4th M/M Rise in Row

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