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
  • Thursday Morning Notes: What For Philly Fed, Out at 10a  0 comments
    May 19, 2011 10:05 AM

     HedgeFundLIVE.com – Morning Notes

    - Mixed trading in global markets, indices appear to be net positive
    - Japan Q1 prelim GDP came in much lower than expected
    - While earthquake in March had a detrimental effect on the GDP number, much of the qtrly results had already been in play
    - Japan Q4 results were revised down to -3.0% from -1.3%
    - Note that Japan has seen 2 consecutive quarters of negative growth, so Japan is technically in a recession
    - BOJ commenced a 2 day meeting today
    - European bourses are trading higher this morning
    - Strauss-Kahn has officially stepped down as IMF chief after his scandal
    - UK Retail Sales came in much better than expected (sales were boosted by Easter and royal wedding)
    - Commodities are down, not too much action
    - Initial Claims: 409K vs. 420K; prior revised up to 438K from 434K
    - Continuing Claims falls to 3.711m from 20792m
    - What’s left on the economic calendar for today: May Philly Fed at 10a; April Leading Indicators at 10a

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.