Hedge Fund Live's  Instablog

Hedge Fund Live
Send Message
Jeremy Frommer, CEO of Hedge Fund LIVE Jeremy Frommer has 20 years of industry experience and is currently responsible for general management and leadership of the General Partner. Previously, Mr. Frommer was a Managing Director and Head of the Global Prime Services Group (“GPS”) at RBC Capital... More
My company:
Hedge Fund LIVE
My blog:
Hedge Fund Live
  • Monday Morning Recap: Quiet in the Pre Following Mixed Trading Overseas  0 comments
    Mar 28, 2011 9:59 AM

     HedgeFundLIVE.com — Morning Notes

    - Mixed trading in overseas markets with Nikkei facing some pressure as negative reports were out regarding very high radiation levels in water near Fukushima plant
    - Nikkei closed down 60bps
    - Hang Seng down 40bps, Shanghai Comp up 20bps
    - Local election in Europe ousted German Chancellor Angela Merkel’s party in a key state- DAX (and rest of European bourses) reacting somewhat favorably (at least not negatively) as the index is up small this morning
    - Fighting in Middle East continued over the weekend- Libyan rebel forces pushed west while in Syria Pres. Bashar al-Assad deployed army in main port of Latakia
    - Gold and crude seeing a bit of pressure
    - Treasuries under some pressure as well- weakness may be attributed to Fed Pres. Bullard’s comments that Fed should review QE2 policy
    - Dollar is up
    - S&P futures are up about 1.5 handles from FV ahead of the open
    - February Personal Income: +0.3% vs. +0.4%; prior revised up to 1.2% from 1.0%
    - February Personal Spending: +0.7% vs. +0.5%; prior was revised up to +0.3% from +0.2%
    - February PCE Deflator m/m: +0.2% vs. +0.2%
    - February PCE Deflator y/y: +0.9% vs. +0.9%
    - Futures not really reacting to latest batch of economic data release
    - Remaining on economic calendar for today: Pending Home Sales at 10a ET; 2 yr Note auction results at 1p

Back To Hedge Fund Live's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.