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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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  • Friday Morning Notes: Positive Tone Upon Strong GDP Figures  0 comments
    May 13, 2011 9:28 AM | about stocks: CPI
     HedgeFundLIVE.com – Morning Notes

    - Positive tone in global markets
    - One exception is the Nikkei, which closed down 70bps on news that a govt official insinuated that major banks may be asked to waive TEPCO’s debt
    - Triple R hike in China yesterday did not have much of a negative effect on the Shanghai Comp and Hang Seng, which closed up 1% and 90bps, respectively
    - Hong Kong raised GDP forecast to +5.6% from +4.5% after the Asian markets closed
    - European bourses were all up (now mixed, however) with strength attributed to Germany and France GDP estimates, which came in much better than expected
    - Commodities are strong this morning as well
    - April Core CPI m/m: +0.2% vs. ++0.1%
    - April CPI m/m: +0.4% vs. +0.4%; prior was +0.5%
    - Preliminary May Michigan Sentiment out at 9:55a

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