April 2011

4 April 2011

1. RUSSIA -Dollar bonds reduced as Ruble sales rise NB
2. US- Battle over the US Federal Budget. 4 days to decide on DEBT LIMIT NB.
3. US- The Ryan Plan ( Republican)- $4 trillion in budget cuts
4. US Government shutdown 8 April 2011. Democrats & Republicans fighting over budget cuts & increased Debt limit

5 April 2011

1. IMF – Dominique Strauss warns of various Black Swans in the sea of global uncertainty (e.g. Japan) beyond sovereign default and the focus must be on stability & financial security
2. US will hit its debt limit by May 16; - extraordinary measures will have to be taken to keep Government working- UST Sec Tom Geitner.
3. US Republicans unveil budget plan with a $6 Trillion cut on Obama spending
4. Portugal surpasses Ireland on default risk

7 April 2011

1. FED balance sheet up 288%, calmed and stabilized system. Bernanke deliberates the end of QE2 by June.
2. US – Democrats & Republicans can`t mitigate shutdown tomorrow.

8 April 2011

1. Oil trades above $111 as gold hits record, stocks climb, futures rise
2. Portugal may need EU 110billion to stabilize

11 April 2011

1. OIL-Hedge funds lift bullish oil bets!
2. Oil at a 32 month high. Gold at record
3. PIMCO cuts Government linked holdings to zero ; boosts cash assets
4. Oil price increase pose ‘key downside risks’ to global recovery-IMF

12 April 2011

1. US default our greatest risk. Debt ceiling battle has reached the deadline- Neel   Kashkari (PIMCO) interview
2. Portugal. IMF & EU officials meet in Lisbon on $116 Billion bailout

13 April 2011

1. Deutsche bank said to restructure US subsidiary ahead of capital rules
2. Bill Gross bets against US debt
3. China says foreign currency reserves rose $3.04 Trillion by end of March
4. Italy sells bonds on possible debt contagion