Submitted by: Francis Soyer 4/13/11
News:
•Obama Said to Call for Entitlement Cuts, Higher Taxes (Bloomberg) Change we can believe in yeahhh!!!! What a clown...
•Banks Face Sovereign Debt Scrutiny in EU Stress Tests (Bloomberg)
•ECB: Ireland’s Taxpayers Must Share the Pain (FT)
•BRICS Push Resource-Hungry China to Buy Finished Goods (Bloomberg)
•China’s Nuclear Freeze to Last Until 2012 (FT)
•TEPCO still working on plan to end Japan nuclear crisis (Reuters)
•Schneider Says Currently No Talks With Tyco About Alliance (Bloomberg)
•Portugal's Leaders Bicker Over Bailout (WSJ)
•Chinese Companies Go on Global Bond Spree (FT)
Overnight Markets:
France CAC 40 4,011 +33.99 (+0.85%)
Germany DAX 100 7,180 +76.86 (+1.08%)
Hong Kong* Hang Seng 24,135 +158.66 (+0.66%)
Japan* Nikkei 225 9,641 +85.92 (+0.90%)
U.K. FTSE 100 6,021 +56.47 (+0.95%)
GFMS 2011 Gold Survey Released, Sees Gold Price Surpassing $1,600 Before Year End
Reuters) - Demand for gold bars grew strongly last year, helping lift overall physical investment despite weaker inflows into exchange-traded funds, metals consultancy GFMS said in its annual Gold Report on Wednesday.
Fed POMO Day today
