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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... More
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  • Monday Morning Notes: Global Markets Trading Lower While Spooz are Flat  0 comments
    Apr 11, 2011 9:33 AM
     HedgeFundLIVE.com – Morning Notes

    - Some key news items to kick off the week, and global markets are trading mostly lower
    - In China over the weekend, trade balance showed both imports and exports were higher than expected
    - Chinese markets initially rallied on data release, but retraced that move later on
    - In Japan, Machine Orders came out worse than expected, even though this data is a snapshot before the first earthquake hit
    - Another earthquake of 6.6 magnitude hit Tokyo and a tsunami warning was issued (after Asian markets closed)
    - Initial reports in Japan are indicating that the latest hit had minor effects
    - Oil has pulled back a bit in overnight
    - Gold is trading lower
    - Note that earnings season “officially” kicks off tonight after the bell with Alcoa (NYSE:AA)
    - Rewinding back to Friday night, U.S. reached a budget deal that cuts spending by $78.5B from President’s FY11 budget request; to cut $13B from funding for programs at Dept. of Labor, Education, and Heallth and Human Services, >$1B from non defense agencies and $8B from State and Foreign Ops; cuts in housing assistance programs and certain health care programs
    - Nothing on economic calendar for today

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