ZGR 4/24/2013


-Physical gold and silver shortages being reported world wide. Gold run appears to be ‘on’

-Mossad/MI6/CIA Bird flu jumps to Taiwan

-Queens Bank Coutts said EU approaching TARP moment, London royal insiders buying gold

-Aussie firms want Yuan not Dollar invoicing for coal, metals

-USA durable goods tank

- AAPL Q2 earnings had margins disappoint but Board approves $60B buyback (15% of market cap); increases dividend 15%. Hi 415, Low 402. Holding Above $400

-DP, Enrico Letta, EU insider, selected as Italian PM to form Coalition govt

- Germany April IFO Survey comes in below expectations with Business Climate registering its 2nd M/M decline

-Asia Markets put on Rally hat after EU/USA party

Market Commentary

-USA Summary

A wild trading day like yesterday. Yesterday I was fortunate to sell my DIA long near the high ahead of the AP/Twitter flash crash. My computer program got the near bottom to close out my intraday SPY and DIA short in that 2 minute interval. My broker has not demanded that money back. Twitter and AP should be sued. That was real money that was lost by the mindless black box herd following the PPT higher. Thanks WS devils!! Wisely Americans are staying away from the rigged Casino known as Wall Street. If you’re on Wall Street the ZGR has one word for you: ‘jump’.

Today despite some really great reports, notably from BA , F and even APPL, the horrid durable goods orders tanked USA markets and I took some minor gains intraday out of my shorts. APPL is going to play the IBM game of buying shares and increasing dividends to beat the street, until their product line is revamped, if they can catch up to BBRY and Samsung /GOOG/Motorola. I’ve not been a fan of Tim Cook since he was selected and it remains to be seen if he can come up with the team to give APPL the hot hand. Recall we said last year Netflix and Blackberry would be the hot stocks to ride and not APPL.No fewer than eight firms cut ratings and price targets on the firm overnight. Many cited expectations for a very weak June quarter, taking their cue from Apple’s tepid guidance. The ZGR is long Black  Berry since last year.

Note household staple PG is not even keeping the top line up with the real inflation rate, a sign the USE is rotten to the core as Wall Street and London, and Washington DC have destroyed main street and are hiding out behind gates and cameras and pigs because of it.

Economic Release Summary

(US) Mar Durable Goods Orders: -5.7% v -3.0%e; Durables Ex Transportation: -1,4% v +0.5%e; Durables Ex-Defense: -4,7% v +4.5% prior; Capital Goods Orders Non-defense Ex Aircraft: 0.2% v +0.3%e; Capital Goods Shipments Non-defense Ex Aircraft: 0.3% v 0.8%e
(US) MBA Mortgage Applications w/e Apr 19th: 0.2% v 4.8% prior

(BR) Brazil Mar Current Account: -$6.57B v -$6.3Be; Foreign Direct Investment (FDI): $5.7B v $4.3Be
(BR) Brazil Apr FGV Consumer Confidence: 113,9 v 112.0e

Late EU releases

(TR) Turkey Apr Industrial Confidence: 112.0 v 112.1 prior; Capacity Utilization: 73.6% v 72.7% prior

(BE) Belgium Apr Business Confidence: -14.7 v -14.7e

(US) DOE Crude +950K v +1Me; Gasoline -3.93M v -0.5Me; Distillate +100K v +0.5Me; Utilization 83.5% v 86.6%e

(UK) Apr CBI Industrial Reported Sales: -1 v +8e

1:17 p.m. EDT 04/24/13Major Stock Indexes
Last Change % Chg
DJIA 14691.27 -28.19 -0.19
Nasdaq 3266.67 -2.66 -0.08
S&P 500 1579.51 0.73 0.05
DJ Total Stock Market 16447.79 13.75 0.08
Russell 2000 930.10 0.74 0.08
Global Dow 2140.91 12.33 0.58
Australia: S&P/ASX* 5102.40 86.20 1.72
India: BSE Sensex* 19179.36 9.53 0.05
Japan: Nikkei 225* 13843.46 313.81 2.32
Taiwan: TAIEX* 8023.71 80.94 1.02
France: CAC 40* 3842.94 59.89 1.58
Germany: DAX* 7759.03 100.82 1.32
Italy: FTSE MIB* 16563.43 72.66 0.44
Spain: IBEX 35* 8389.30 100.00 1.21
Stoxx Europe 600 294.63 2.00 0.68
UK: FTSE 100* 6431.76 25.64 0.40
Brazil: Bovespa 55179.51 294.76 0.54
Canada: S&P/TSX 12226.30 135.36 1.12
Get this by E-mail * at close
1:17 p.m. EDT 04/24/13Treasurys
Price Chg Yield %
2-Year Note -1/32 0.242
10-Year Note 3/32 1.701
* at close
1:07 p.m. EDT 04/24/13Futures
Last Change Settle
Crude Oil 91.18 2.00 89.18
Gold 1421.4 12.6 1408.8
E-mini Dow 14630 -14 14644
E-mini S&P 500 1574.25 0.75 1573.50
1:17 p.m. EDT 04/24/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY)

-Jew Bloomberg with Irish Stooge makes another move to turn NYC into London

The city’s security “Ring of Steel’’ must be widened, NYPD Commissioner Ray Kelly said yesterday.Touring the Police Department’s Lower Manhattan Security Initiative — a center where scores of workers scour constant images from 4,000 cameras around town — Kelly said he wants to “increase significantly’’ the amount of surveillance-video equipment feeding into the site.“We have roughly 4,000 cameras that are monitored in this center,’’ he said, referring to a surveillance system that also includes images from private security cameras.“I’d like to see that increase significantly and to other boroughs,’’ he said of the coverage. “We’re mostly focused in Manhattan here.”The commissioner, accompanied by Mayor Bloomberg to the site at 55 Broadway, said he had “no reason to believe” that the Boston bombers also planned to hit New York City. NY press.

Wall Streeters are cowards, it comes with being a thief. That said the heartland of American can pray this fiend Bloomberg out of office and perhaps even into jail. He is extraordinarily corrupt and dirty. Christians who read this blog should actively pray that the evil the ZGR  exposes is stopped. Bloomberg is an arrogant Jewish criminal master mind and a terrorist. He terrorizes the American people with false flag and lies and covers up the corruption of WS with his news organization and propaganda organ and stuffs the airwaves with foul evil Jews like Stephanie Rude. Wall Street people are scum and are destroying the country but we should not sit idly by while they do it. Christians are commanded to resist evil!!!


12:42 p.m. EDT 04/24/13Major Stock Indexes
Last Change % Chg
DJIA 14676.96 -42.50 -0.29
Nasdaq 3259.88 -9.46 -0.29
S&P 500 1577.61 -1.17 -0.07
DJ Total Stock Market 16426.64 -7.40 -0.05
Russell 2000 930.41 1.05 0.11
Global Dow 2139.30 10.72 0.50
Australia: S&P/ASX* 5102.40 86.20 1.72
India: BSE Sensex* 19179.36 9.53 0.05
Japan: Nikkei 225* 13843.46 313.81 2.32
Taiwan: TAIEX* 8023.71 80.94 1.02
France: CAC 40 3842.94 59.89 1.58
Germany: DAX 7759.03 100.82 1.32
Italy: FTSE MIB 16563.43 72.66 0.44
Spain: IBEX 35 8389.30 100.00 1.21
Stoxx Europe 600 294.63 2.00 0.68
UK: FTSE 100 6431.76 25.64 0.40
Brazil: Bovespa 55268.27 383.52 0.70
Canada: S&P/TSX 12228.71 137.77 1.14
Get this by E-mail * at close
12:41 p.m. EDT 04/24/13Treasurys
Price Chg Yield %
2-Year Note -1/32 0.242
10-Year Note 2/32 1.705
* at close
12:32 p.m. EDT 04/24/13Futures
Last Change Settle
Crude Oil 90.77 1.59 89.18
Gold 1422.3 13.5 1408.8
E-mini Dow 14634 -10 14644
E-mini S&P 500 1574.75 1.25 1573.50
12:42 p.m. EDT 04/24/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 99.40 99.45
Euro (EUR/USD) 1.2996 1.3001
† Late New York trading.

-Thanks to the reader who sent me this.

-I went back and updated the Asia close with some comments from Asia that emerged in the EU and early USA session. Note the WSJ also reported this morning on the rising Militarism in Japan, so it looks like England wants Japan and the USA to burn up in WW3. Hey the Communist Chinese and Russians have Neutron bombs, and supposedly the USA does not have anymore. Charles wants to make sure the ‘useless eaters’ in the USA and Candian West are killed and he can rewild them quickly with UN government. The hate filled and mad Prince Charles, only prayer and fasting and repentance can bring him down.

-EU summary


EU’s Barroso commented that the economic outlook was challenging and reiterated that the focus to be on both growth and jobs.  European Parliament Schultz (German Jew) noted in the German press that austerity without perspective for economic growth would lead to a dead end; budget consolidation and structural reform were indispensable; budget austerity alone without a view to end hard measures would not work. Dutch Parliament votes in favor of the bailout for Cyprus.

ECB’s Noyer said he does not see inflation pressure rising in the euro zone (in French press); an early exit from accommodative monetary policy would be detrimental to emerging markets; Slovenia is not really an issue; reforms in France remain too slow.


German IFO Economist said that companies were far more cautious than last month. Economist Wohlrabe stated that German economy should grow more strongly in Q2 as exporters remained confident while construction order books were full. He also said that Survey respondents were not expecting ECB to cut interest rates.

Renewed reports made the rounds that German many would raise its 2013 GDP forecast from +0.4% to +0.5% and to maintain 2014 GDP growth view at 1.6%

German Bundesbank’s Dombret commented that he saw no bubble in domestic real estate market. He did concede that Germany’s economy was growingt more slowly than hoped. He did not see sovereign debt crisis spiraling out of control but reiterated that reform fatigue is the biggest concern in Europe.


Enrico Letta (DP) named Italian PM: uncle is Berlusconi confederate. Berlusconi indicated full cooperation in forming Italian govt with new PM (Bersani probably took a dive). Grillo out in the cold it appears, although his guys will get a paycheck and be a force going forward if Silvio does not deliver. Likely this government will be stitched together and the ESM will float Italy through Merkels election.

EU Close

We had a big buy down in Italian debt as Bilderberg/Davos, Crypto Jew ally of the Jewish Berlusconi crime family was installed. The Italian Mob is Jewish, or Sephardi, get over it, and they run the Italian government and not for the benefit of the ‘real’ Italians.  Enrico Letta  is very pro EU, majoring in EU law, and politics, so Regling and Frankel were most likely told to goose the Italian bond markets and the Italian stock markets followed suit although the MIB lagged today, despite FIAT going for American Engineering and manufacturing powerhouse Chrysler and full ownership.

You would have to be an idiot and think lower bond coverage at auction meant higher bond prices (lower yields) for the Italian govt. Some ‘chosen’ front runner probably does the honor for the ESM like DB or GS or JPM or one of the big Italian banks. This of course is massively reflationary (read inflation) and coincident with that today we had CB goons of Europe out denying there was inflation and housing bubbles. The ECB was out defending its bank line and denying credit was stopped up. I will post the press article If I get a chance. Europe is truly Babylon.

Europeans owe Americans trillions, especially the UK for their security and the amount of American tax money paid into to support, Godless, amoral secular humanist super state of the EU through the IMF, Bernankes SWAP lines, and Paulsons and Geithners money transfer to EU banks with American bank recap dough.  At least in France though, and God  Bless those French,  rioted and tried to burn the government down over homosexual marriage. It was a very, wicked and evil Jew Hollande who did all of this to the nation of France in fixed elections. Apparently from as hacked as I was this morning some Jewish cyber-terrorists jammed me up for quoting the words of Moses to them. The Jews can’t stand to hear the words of their prophets. Muslims fanatics have nothing on Jewish fanatics, imo.

European equity markets closed higher, ex Ireland, and firms including Credit Suisse, Novartis and Peugeot reported better than expected quarterly results although in reality the results were very poor y/y. EU traders believe that the probability of an ECB rate cut has increased, following the recent batch of disappointing German data again today, although the German IFO gang said the ECB won’t cut rates.  The Spanish IBEX-35 has outperformed, supported by gains in BBVA. European banks  traded mixed, as traders bought and sold earnings reports from Barclays and Credit Suisse, and I read those reports and they are so opaque they are literally worthless, even worse than USA bank stock earnings reports which are near criminal, if not outright frauds. Shares of Italian banks and Commerzbank  underperformed. Resource related firms were broadly higher, tracking the gains in copper prices. London insiders put out the buy gold word to the ‘royal’ crowd. That’s a big plus for the gold market.Cutting rates alone will be not be enough to turn the tide in Europe, and the European Central Bank will need to by-pass dysfunctional banks through a TARP-like program, said the European CIO of private bank Coutts(Queens ‘mad money ‘ manger-where she keeps funds under ‘public ‘ scrutiny).

Commerzbank, Deutsche Bank, Barclays, JPMorgan and Nomura are all forecasting a 25 bps ECB rate cut at the May meeting next week.

Country: Index Last Change % Chg
Europe Dow 1697.05 15.29 0.91
Stoxx Europe 50 2709.23 21.06 0.78
Stoxx Europe 600 294.63 2.00 0.68
Euro Stoxx 50 2702.16 39.28 1.48
Euro Stoxx 271.08 2.92 1.09
Austria: ATX Index 2413.03 20.94 0.88
Belgium: Bel-20 2657.60 16.59 0.63
Denmark: OMX Copenhagen 20 536.14 5.57 1.05
Estonia: OMX Tallinn* 831.64 2.02 0.24
Finland: OMX Helsinki 6020.18 50.31 0.84
France: CAC 40 3842.94 59.89 1.58
Germany: DAX 7759.03 100.82 1.32
Greece: Athex Composite Share Price* 950.84 8.66 0.92
Greece: DJ Greece TSM* 707.39 7.62 1.09
Greece: FTSE/ATHEX 20* 313.44 3.87 1.25
Iceland: OMX Iceland All-Share* 771.35 0.45 0.06
Ireland: ISEQ Overall 3907.99 -22.61 -0.58
Italy: FTSE MIB 16563.43 72.66 0.44
Latvia: OMX Riga* 399.28 -0.30 -0.08
Lithuania: OMX Vilnius* 391.68 0.26 0.07
Netherlands: AEX 352.94 3.79 1.09
Norway: OSE All-Share 518.23 3.03 0.59
Portugal: PSI 20 6132.36 104.70 1.74
Russia: DJ Russia Titans* 6081.56 151.90 2.56
Spain: IBEX 35 8392.10 102.80 1.24
Sweden: OMX Stockholm 367.77 1.48 0.40
Switzerland: Swiss Market 7859.63 57.15 0.73
UK: FTSE 100 6431.76 25.64 0.40
UK: FTSE 250 13895.10 77.64 0.56
UK: FTSE AIM All-Share 702.77 3.15 0.45

-Durable-Goods Orders Drop 5.7%

Overall orders for USA durable goods decreased 5.7% in March from a month earlier to a seasonally adjusted $216.28 billion, suggesting that economic growth has cooled since the start of the year.

-Fiat is weighing a plan in which it would acquire the remainder of Chrysler it doesn’t own and then launch an offering in the U.S. of shares in the combined company. WSJ

- Procter & Gamble Co. said Wednesday fiscal third-quarter net income rose 6% to $2.57 billion, or 88 cents a share, from $2.41 billion, or 82 cents a share, a year earlier. The company said core earnings rose 5% to 99 cents a share. Quarterly net sales rose 2% to $20.6 billion from $20.2 billion a year ago. Analysts polled by FactSet had expected earnings of 96 cents a share on net sales of $20.72 billion. P&G maintained its guidance of 3% to 4% organic sales growth for 2013 and raised the lower end of its range for core earnings per share by 2 cents, now expecting $3.96 to $4.04 for fiscal year 2013.

-EMC reported a profit of $580.1 million, or 26 cents a share, down from $586.8 million, or 27 cents a share, a year earlier. Excluding items such as stock-based compensation and amortization, per-share earnings in the latest period were 39 cents.Revenue rose 5.8% to $5.39 billion.Analysts polled by Thomson Reuters most recently forecast earnings of 40 cents a share on revenue of $5.42 billion.Cost of product sales were up 4.2% and cost of services rose 7.9%. Revenue from EMC’s high-end storage-product portfolio increased 10%, continuing EMC’s traditional dominance of the top segment of the storage market, while emerging storage sales grew 24%.

- 76% of Americans  say the recent record-breaking run has made them no more inclined to invest in stock, according to research released by Bankrate.com Monday. Not even record-low interest rates, which have rendered other savings vehicles losing propositions, seem to be able to change that attitude. “Although the Fed is trying to push investors into riskier assets in pursuit of better returns, individual investors aren’t biting,” said Greg McBride, senior financial analyst at Bankrate.com, a personal-finance research and publishing company.(so our govt has only 24 % who are fools or who will play their games and be ‘cannon fodder for Wall Street and London).

-Ford Motor  reported first-quarter profit of $1.61 billion, or 40 cents a share, compared with a profit of $1.40 billion, or 35 cents a share, a year ago. The Dearborn, Mich.-based car maker reported quarterly revenue of $35.8 billion, compared with $32.4 billion a year earlier. Analysts polled by FactSet had expected earnings of 37 cents a share on revenue of $33.48 billion. Ford, whose compact Focus is now the world’s best-selling passenger car, said its full-year guidance is unchanged, with pretax profit about equal to that of 2012. In March, it reported its highest monthly unit sales since May 2007. Ford shares rose 2.2% in premarket trading.

-Boeing  said Wednesday first-quarter net income rose 20% to $1.1 billion, or $1.44 a share, from $923 million, or $1.22 a share, a year ago. The Chicago-based company said quarterly core earnings per share rose 24% to $1.73 from $1.40 a year earlier. Quarterly revenue fell 2.5% to $18.9 billion. Analysts polled by FactSet had expected earnings per share of $1.49 on revenue of $18.83 billion. The commercial-airplane and defense company reaffirmed its 2013 guidance, projecting revenue of $82 billion to $85 billion and core earnings per share of $6.10 to $6.30. The earnings statement made no mention of the Dreamliner airplane or impact of the government sequester. Total backlog rose to $391.7 billion in the quarter from $390.3 billion a year ago. Shares rose 4% in premarket trading. MW

-There have been signs of progress in talks between the International Monetary Fund and Egyptian officials over a proposed $4.8 billion loan, Treasury Secretary Jacob Lew said Wednesday. “It is a very difficult political moment in Egypt,” and hard for the government to raise taxes, Lew said. “But [the Egyptians] have to do something on subsidies and they have to do something on revenues if they are going to have an economically sustainable economy,” Lew said. IMF and Egyptian officials met last weekend in Washington for the latest round of talks. The two sides said in a statement that they are working to reach a deal in coming weeks. “It would be very much in the U.S. best interest for Egypt to be on a more sustainable course, and I think the IMF is pushing very hard in that direction,” Lew said at a hearing of the House Appropriation panel’s subcommittee on state and foreign operations. An IMF deal would “lay the foundation” for talks on U.S. bilateral assistance, he added. MW


11:02 a.m. EDT 04/24/13Major Stock Indexes
Last Change % Chg
DJIA 14711.36 -8.10 -0.06
Nasdaq 3264.91 -4.42 -0.14
S&P 500 1580.60 1.82 0.12
DJ Total Stock Market 16453.89 19.85 0.12
Russell 2000 930.12 0.76 0.08
Global Dow 2142.35 13.77 0.65
Australia: S&P/ASX* 5102.40 86.20 1.72
India: BSE Sensex* 19179.36 9.53 0.05
Japan: Nikkei 225* 13843.46 313.81 2.32
Taiwan: TAIEX* 8023.71 80.94 1.02
France: CAC 40 3846.58 63.53 1.68
Germany: DAX 7762.86 104.65 1.37
Italy: FTSE MIB 16595.98 105.21 0.64
Spain: IBEX 35 8397.30 108.00 1.30
Stoxx Europe 600 294.81 2.18 0.74
UK: FTSE 100 6437.06 30.94 0.48
Brazil: Bovespa 55468.63 583.88 1.06
Canada: S&P/TSX 12182.02 91.08 0.75
Get this by E-mail * at close
11:01 a.m. EDT 04/24/13Treasurys
Price Chg Yield %
2-Year Note -0/32 0.238
10-Year Note 2/32 1.707
* at close
10:52 a.m. EDT 04/24/13Futures
Last Change Settle
Crude Oil 90.31 1.13 89.18
Gold 1426.4 17.6 1408.8
E-mini Dow 14660 16 14644
E-mini S&P 500 1576.50 3.00 1573.50
11:02 a.m. EDT 04/24/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 99.38 99.45
Euro (EUR/USD) 1.2996 1.3001
† Late New York trading.

-1038 Europe Credit Market Summary

I’ve been meaning to do more with CDS, but from the CMA or Markit the quotes are so infrequent (and rigged in London),  it is hard to justify the time to report them. London is desperately trying to hold onto its Franchise,  but it is not clear who is writing these things anymore, although at any time a ‘rouge’ in  London, could emerge and write a bunch and hide them like in AIG to collapse global markets. Certainly Gensler at the CFTC done  very little to really get these things onto the exchanges, as London remains the preeminent over the counter market in these fraudulent insurance contracts. One thing we can say, is it remains a shadowy and corrupt market, with nary anyone from this ISDA in jail or even charged. What is risible the ISDA advertises literally IRS and CDS as ‘safe and efficient’ OTC products. But hey, Chilton promised to invest the gold flash crash even as GS boasts about making and easy 10 % nearly every day, so don’t worry.

We had a clear buy down by the ESM (reflation) of the Italian economy as one of their guys got the PM position. It was ‘rumored’ yesterday that Letta would get the job today.

German and UK auctions were very weak.

President Giorgio Napolitano on Wednesday finally named a new prime minister. Forty-six-year-old Enrico Letta, deputy secretary at the DP, is the new man in charge of bringing has been tasked with the job of forming a coalition government. His uncle is a confederate and aid to Berlusconi the Jew. He is a lawyer who specializes in EU law and a regular at the Bilderberg, Davos, etc. Look at that wide mouth and floppy ears and the forehead, likely a Intalian-Sephardic Jew.

Key Rates

U.S. 10yr 1.70-0.01, 0.74%
German 10y 1.24-0.02, 1.71%
Italy 10yr 3.97+0.06, -1.49%
Spain 10yr 4.30+0.03, -0.76%
U.K. 10yr 1.69-0.03, 1.52%


(EU) ECB allotted $1.3B in 7-Day USD Liquidity Tender at fixed 0.64% vs $0M prior
(EU) ECB allotted $27M in 3-month USD Liquidity Tender at fixed 0.63% vs. $451M prior

(EU) ECB allotted €3.0B vs. €4.0Be in 3-Month Refinancing Tender at fixed 0.75%

 (IT) Italy Debt Agency (Tesoro) sold €2.5B vs. €2.0-2.5B indicated in Zero Coupon Dec 2014 CTZ; Avg Yield: 1.167% (EMU era low) v 1.746% prior; Bid-to-cover:1.66 x v 1.43x prior
(IT) Italy Debt Agency (Tesoro) sold €750M in 2.6% I/L 2023 BTP bonds; Avg Yield: 2.65% v 3.02% prior; Bid-to-cover:1.91 x v 2.96x prior

(DE) Germany sold €1.68B €2.0B in 2.5% 2044 Bunds; Avg Yield: 2.16% (record low) v 2.45% prior; Bid-to-cover: 1.5x v 1.8x prior

(SE) Sweden sold SEK5.0B in 6-month bills; Yield: 0.9213%

(RU) Russia sold RUB20.0B in 2028 OFZ bond; Yield: 7.02% vs. guidance of 7.05-7.10%

(BE) Belgium Debt Agency announces it will sell new 5-year bond
(UK) DMO sold £1.3B in 0.125% Inflation-linked 2029 Gilts; Real Yield: -0.635% v -0.367% prior; Bid-to-cover: 1.51x v 2.02x prior

-Europe Economic Releases

(EU) ECB: €0.0 borrowed in overnight loan facility vs. €0.0M prior; €102.4B parked in deposit facility vs. €108.2B prior

 (DE) Germany Apr IFO Business Climate: 104.4 v 106.2e; Current Assessment: 107.2 v 109.5e; Expectations Survey: 101.6 v 103.0e

 (IT) Italy Feb Retail Sales M/M: -0.2% v -0.1%e; Y/Y: -4.8% v -3.0% prior

(DE) Germany Feb Conference Board Leading Index: 103.7

(CH) Swiss Mar UBS Consumption Indicator: 1.25 v 1.24 prior
(FI) Finland Mar PPI M/M: 0.3% v 0.6% prior; Y/Y: 0.0% v 0.1% prior
(CZ) Czech Apr Business Confidence: -0.7 v +2.2 prior; Consumer Confidence: -23.8 v -20.8 prior; Composite: -5.3 v -2.4 prior
(ES) Spain Feb Mortgages-capital loaned Y/Y: -13.6% v -20.0% prior; Mortgages on Houses Y/Y: -7.5% v -12.4% prior
(ES) Spain Mar Producer Prices M/M: -1.0% v +0.2% prior; Y/Y: 0.5% v 2.2% prior
(AT) Austria Feb Industrial Production M/M: -1.4% v -0.5% prior; Y/Y: 1.4% v 2.2% prior

(NL) Netherlands Apr Producer Confidence: -5.6 v -4.8 prior

(RO) Romania Mar Money Supply Y/Y: 5.1% v 2.7% prior
(UK) Mar BBA Loans for House Purchase: 31.2K v 31.4Ke

-Asia Close (updated)

 Taiwan on Wednesday reported the first case of the H7N9 bird flu outside of mainland China.The 53-year-old man, who had been working in the eastern Chinese city of Suzhou, showed symptoms three days after returning to Taiwan via Shanghai, the Centers for Disease Control said, adding that he had been hospitalized since April 16 and was in a critical condition.

Nikkei at 5 year high, closing in on 14000.  Japan Finance Ministry raised its overall assessment of regional economies (first time in three quarters) as it upgraded 8 of 11 regions. It now noted regional economies were improving at a moderate pace vs. prior view of weakening

Japan Life Insurance company Sumitomo stated in its briefing on 2013 investing plan that it might shift to foreign bonds if JGB yields stay low with focus on German, French, Dutch and Australian bonds. It saw USD/JPY at 100 and EUR/JPY at 128 by end-Mar 2014

S&P report on Japan banking sector noted that it could benefit from BOJ deflation action. If BOJ easing did work then bank lending volume could grow. S&P also noted that banks likely to find investment vehicles for deposits hard to find.

China Academy of Social Sciences (CASS) economist Zhang: China Q2 GDP growth could fall below 7.5% vs 7.7% in Q1.

India PM Economic Adviser Rangarajan commented that inflation was slowing but not near govt ‘comfort zone’. He noted that policy changes would be incremental.

RBA Dep Gov Lowe stated that the central bank planned to hold approx 5% of currency reserves in China sovereign bonds. Many Australian business were keen to invoice trade in the CNY, direct AUD/CNY would help

Late Asia Economic Release

(CN) China Q1-end outstanding property loans CNY12.98T, +16.4% y/y; Mortgages +17.4%

Country: Index Last Change % Chg
Asia Dow 3011.23 43.19 1.46
DJ Asia-Pacific TSM 1420.07 20.46 1.46
Australia: All Ordinaries* 5084.20 81.60 1.63
Australia: S&P/ASX* 5102.40 86.20 1.72
China: DJ CBN China 600* 20921.36 392.02 1.91
China: DJ Shanghai* 284.29 5.18 1.86
China: Shanghai Composite* 2218.32 33.78 1.55
China: Shenzhen Composite* 943.78 20.36 2.20
China: Shanghai 50* 1793.88 33.21 1.89
Hong Kong: Hang Seng* 22183.05 376.44 1.73
India: BSE Sensex* 19179.36 9.53 0.05
India: S&P CNX Nifty* 5836.90 2.50 0.04
Indonesia: JSX Index* 5011.61 36.28 0.73
Indonesia: JSX BISNIS 27* 433.38 3.53 0.82
Indonesia: JSX Islamic* 678.95 5.46 0.81
Indonesia: JSX LQ-45* 850.66 7.69 0.91
Indonesia: PEFINDO-25* 523.27 5.67 1.10
Indonesia: SRI-KEHATI* 272.32 2.00 0.74
Japan: DJ Japan TSM* 726.19 12.78 1.79
Japan: Nikkei 225* 13843.46 313.81 2.32
Japan: TOPIX Index* 1164.35 20.57 1.80
Malaysia: DJ Malaysia TSM* 3193.51 10.47 0.33
Malaysia: FTSE Bursa Malaysia KLCI* 1707.35 6.96 0.41
New Zealand: NZX 50* 4538.98 22.48 0.50
S. Korea: KOSPI* 1935.31 16.68 0.87
S. Korea: KOSPI 50* 1641.96 10.28 0.63
S. Korea: KOSPI 100* 1906.91 14.70 0.78
S. Korea: KOSPI 200 Composite* 252.00 1.99 0.80
Singapore: FTSE Straits Times* 3322.71 38.36 1.17
Taiwan: TAIEX* 8023.71 80.94 1.02
Thailand: SET* 1553.85 4.50 0.29

-Catching up..soon.

-0100 Asia

Asian bourses are broadly higher, tracking strong gains in the US following a modest rebound in US new home sales , weak German/EU PMIs that boosted expectations of an ECB easing, and satisfactory earnings reports after- hours, including APPL. US markets recovered quickly in the afternoon session following an false Tweet from a hacked AP account claiming explosions had occurred at the White House. The Nikkei225 gapped nearly 2 % higher tracking a weaker Yen, advancing at one point to a new five-year high.

India FinMin Chidambaram said  India’s growth rate will be better than many peers; Indian 3rd stimulus package boosted inflation; FY13/14 fiscal deficit to be below 4.8%.

Australian Q1 CPI data advanced to 0.4%, much less than the 0.7% expected.  Fixed income markets are now pricing in a near split for an RBA cut against a hold at the upcoming May meeting. Treasurer Swan also later reiterated that the high AUD is weighing on prices and affecting government revenues, and that the government fiscal policy allows the RBA room to move over time. RBNZ announced its decision to leave its cash rate (OCR) unchanged at a record low of 2.5%, remaining on hold since Mar 2011. RBNZ governor Wheeler’s statement shift pointed to New Zealand economy picking up – last time he said economy was still uneven. Wheeler expressed some concerns that housing inflation is high in some regions, but also reiterated that he expects to keep OCR unchanged through 2013.


China’s Shandong Province confirmed its first case of the H7N9 virus as bird flu spreads to a new area.China reported more than 220 people remain dead or missing, 12,211 injured in the remote mountainous villages of the Sichuan province with 968 listed in serious condition. (note likeky ‘engineered’ events by the London directed NATO).

According to a statement issued by China’s State Oceanic Administration, a fleet of Chinese marine surveillance ships on regular patrol duty found several Japanese ships in waters around the Diaoyu Islands on Tuesday.Song Xue, deputy chief of staff of the PLA Navy, told foreign military attaches at a ceremony tocelebrate the Navy’s 64th founding anniversary in Beijing, “The next aircraft carrier we need will be larger and carry more fighters.”

China Banking Regulatory Commission (CBRC): China 2012 banking industry bad loans CNY1.07T.

State Regulatory Commission director Jiang: calls on State owned Enterprises (SOEs) to post 10% profit growth and more than 8% value added performance in 2013 – Chinese press

China Hangzhou City may implement a property tax trial.

Overseas investors said to be increasingly using RQFII program in Hong Kong to short A-share ETFs


Japan and China are planning talks between their senior defense officials in the near future, Japan’s top government spokesman said Wednesday, indicating the two countries are trying to ease tensions over a group of islands controlled by Tokyo but claimed by Beijing.

Japan House of Representatives (lower house) passes election reform bill

Japan Finance Minister Aso: BOJ easing isn’t aimed at exchange rates. Japan Industry Min Motegi: Japan’s idled nuclear facilities might resume operations in autumn .A health ministry panel on Wednesday compiled countermeasures against the H7N9 strain of bird flu in the face of the rapid spread of the virus in China.

Japan Electronics and Information Technology Industries Association (JEITA): FY12/13 PC shipments fell 1.1% y/y to 11.15M units. Officials of Boeing Co. and Japanese battery maker GS Yuasa Corp. emphasized the safety of the Boeing 787 jet’s modified battery system Tuesday at a public hearing held by the U.S. National Transportation Safety Board.

Suzuki : Reports Mar Domestic production -10.2% y/y.  Fuji Heavy: Reports Mar China sales 4.0K; Exports to China 2.8K v 3.9K y/y. Mitsubishi: Raises FY12/13 guidance to Net Y38B from Y13B prior target, Op profit Y67.4B from Y64B prior, Rev Y1.82T from Y1.81T prior. Mazda: Reports Mar Domestic production +19.6% y/y; may report FY12/13 op profit above y100B (highest since record set in FY07/08) v Y45B prior forecast.


Hynix : Reports Q1 Net KRW178.7B v KRW320Be, Op profit KRW317.0B v KRW125Be, Rev KRW2.78T v KRW2.7Te

Economic Release Summary

(AU) AUSTRALIA Q1 CONSUMER PRICES (CPI) Q/Q: 0.4% V 0.7%E; Y/Y: 2.5% V 2.8%E; CPI TRIMMED MEAN Q/Q: 0.3% V 0.5%E (lowest reading in nine quarters); Y/Y: 2.2% V 2.4%E
(VN) VIETNAM APR CPI Y/Y: 6.6% V 7.0%E

Country: Index Last Change % Chg
Asia Dow 3002.79 34.75 1.17
DJ Asia-Pacific TSM 1415.79 16.18 1.16
Australia: All Ordinaries 5070.20 67.60 1.35
Australia: S&P/ASX 5088.30 72.10 1.44
China: DJ CBN China 600 20909.66 380.32 1.85
China: DJ Shanghai 284.09 4.98 1.78
China: Shanghai Composite 2203.88 19.35 0.89
China: Shenzhen Composite 936.86 13.44 1.46
China: Shanghai 50 1777.89 17.21 0.98
Hong Kong: Hang Seng 22122.61 316.00 1.45
India: BSE Sensex 19179.36 9.53 0.05
India: S&P CNX Nifty 5836.90 2.50 0.04
Indonesia: JSX Index 4992.50 17.17 0.35
Indonesia: JSX BISNIS 27 431.25 1.39 0.32
Indonesia: JSX Islamic 674.26 0.77 0.11
Indonesia: JSX LQ-45 846.28 3.31 0.39
Indonesia: PEFINDO-25 522.70 5.11 0.99
Indonesia: SRI-KEHATI 271.03 0.71 0.26
Japan: DJ Japan TSM 723.60 10.19 1.43
Japan: Nikkei 225 13794.55 264.90 1.96
Japan: TOPIX Index 1160.03 16.25 1.42
Malaysia: DJ Malaysia TSM 3185.15 2.11 0.07
Malaysia: FTSE Bursa Malaysia KLCI 1702.53 2.14 0.13
New Zealand: NZX 50 4539.50 23.00 0.51
S. Korea: KOSPI 1933.90 15.27 0.80
S. Korea: KOSPI 50 1640.90 9.22 0.57
S. Korea: KOSPI 100 1905.58 13.37 0.71
S. Korea: KOSPI 200 Composite 251.83 1.82 0.73
Singapore: FTSE Straits Times 3293.48 9.13 0.28
Taiwan: TAIEX 8007.67 64.90 0.82
Thailand: SET 1553.74 4.39 0.28

GLD: SPDR Gold Trust ETF daily holdings fall by 7.5 tons to 1,097.2 ton (lowest since 1,096.6 in Oct of 2009)
US API PETROLEUM INVENTORIES CRUDE: -845K (2nd consecutive draw) V +1ME; GASOLINE: -2.70M V -0.5ME; DISTILLATE: +0.67M V +0.5ME; UTILIZATION: 85.7% V 87.2% W/W

Gold 1428.45 +19.65 +1.39%
Silver 23.140 +0.323 +1.42%
Copper 3.150 +0.061 +1.98%
Crude Oil 89.65 +0.47 +0.53%
Natural Gas 4.265 -0.005 -0.12%
US Cotton No.2 84.88 0.00 0.00%
US Coffee C 137.82 -4.47 -3.14%
EUR/USD 1.2998 -0.0005 -0.04%
GBP/USD 1.5239 -0.0001 -0.01%
USD/JPY 99.36 -0.10 -0.11%
USD/CHF 0.9458 +0.0009 +0.09%
AUD/USD 1.0247 -0.0017 -0.16%
USD/CAD 1.0267 +0.0008 +0.08%
EUR/GBP 0.8529 -0.0003 -0.04%


Japan 10yr 0.60+0.01, -1.95%

U.S. 10yr 1.71-0.00, 0.015%

-USA Afterhours

 AAPL: Reports Q2 $10.09 v $10.18e, R$43.6B v $44.3Be; Board approves $60B buyback (15% of market cap); increases dividend 15% to $3.05 from $2.65; -0.5% afterhours (after initial 5 % pop)
T: Reports Q1 $0.67 v $0.64e, R$31.4B v $31.7Be; -1.5% afterhours
CREE: Reports Q3 $0.34 v $0.34e, R$349M v $343Me; -7.5% afterhours
VMW: Reports Q1 $0.74 v $0.70e, R$1.19B v $1.21Be; -6.0% afterhours
AMGN: Reports Q1 $1.96 v $1.80e, R$4.24B v $4.36Be; -6.2% afterhours
NSC: Reports Q1 $1.22 (ex prop sale) v $1.18e, R$2.74B v $2.78Be; -0.3% afterhours
BRCM: Reports Q1 $0.65 v $0.57e, R$2.01B v $1.95Be; +5.8% afterhours
YUM: Reports Q1 $0.71(adj) v $0.62e, R$2.54B v $2.65Be; +4.5% afterhours
IRBT: Reports Q1 $0.29 (incl benefit) v $0.17e, R$106.2M v $104Me; +16.8% afterhours

USA Closing Prices


5:46 p.m. EDT 04/23/13Major Indexes
Last Change % Chg
DJIA* 14719.46 152.29 1.05
Nasdaq* 3269.33 35.78 1.11
S&P 500* 1578.78 16.28 1.04
DJ Total Stock Market* 16434.04 178.48 1.10
Russell 2000* 929.36 14.56 1.59
Get this by E-mail * at close
6:21 p.m. EDT 04/23/13Markets Diary
Issues NYSE Nasdaq NYSE MKT
Advances 2,451 1,896 228
Declines 620 561 167
Unchanged 89 90 23
Issues at
New Highs 270 126 2
New Lows 18 23 12
Share Volume
Total 3,516,437,650 1,677,076,084 65,684,849
Advancing 2,775,180,573 1,235,106,888 30,368,133
Declining 713,120,344 418,169,874 33,711,491
Get this by E-mail 


A tweet purportedly from the Associated Press just before 1:08 p.m. reported two explosions in the White House and that President Barack Obama had been injured. The posting sent the Dow Jones Industrial Average tumbling roughly 145 points in an instant.Minutes later, the AP said the tweet was a fake resulting from hacking by an outside group, and the White House confirmed there were no explosions. WSJ

-Geopolitical Update

Ricin letter just more Obama /Congress Security Theater

TUPELO, Miss. (AP) — Charges of sending ricin-laced letters to President Barack Obama and others were dropped Tuesday against an Elvis impersonator from Mississippi who has said since his arrest last week that he had nothing to do with the case.

Meanwhile, in Tupelo, numerous law enforcement officers converged on the home of another Mississippi man, Everett Dutschke, including some in hazmat suits. No charges have been filed against him and he hasn’t been arrested. Both men say they have no idea how to make the poisonous ricin and had nothing to do with sending them to Obama, U.S. Sen. Roger Wicker of Mississippi and a state judge.

Referring to officials’ questions for him about the case, “I thought they said rice and I said I don’t even eat rice,” 45-year-old Paul Kevin Curtis said after he was released from custody Tuesday afternoon. “I respect President Obama. I love my country and would never do anything to pose a threat to him or any other U.S. official.”


Boston Strong’: Marching in Lockstep with the Police State


News www.antiwar.com
Updated April 23, 2013 – 11:26 PM EDT
Jordan: Israel Can Use Airspace to Attack Syria
Rebels Claim 500 Killed as Syria Troops Retake Damascus Suburb
EU Lifts Sanctions, Will Buy Oil From Syrian Rebels
200 US Troops in Jordan Could Become 20,000 for Syria Invasion
Bombing Suspect Cites US Wars as Motivation
Bombing Suspect Charged in Civilian Court
Officials: Bombing Suspect Says He and Brother Acted Alone
Tamerlan Tsarnaev May Have Met Dagestan Rebels
Turn to Religion Split Bomb Suspects Tsarnaev’s Home
Bombings Suspect ‘Wanted to Stay in Russia Reading the Quran’
38 Killed as Iraqi Forces Raid Sunni Camp
Iraq’s Sunni Provinces Shut Down as Protests Turn to General Strike
US: Iran the Greatest Threat to Nuclear NPT
Hagel: Israel Has Right to Decide to Attack Iran
Turkey PM Spurns US, Will Visit Gaza
Israel’s Ill-Treatment of Detained Palestinian Children ‘Widespread’
Ricin Letter Suspect Released Without Charges
Brennan: 2011 US Killing of Teen Deliberate?
Canadian Police Foil Train Plot, Claim Iran Connection
Taliban Seize Foreign Hostages in Helicopter Downing
‘Boston Strong’: Marching in Lockstep with the Police State by John W. Whitehead
Drone Strikes and the Boston Marathon Bombing  by Robert Wright
5 of the Worst Reactions to the Boston Manhunt  by Adam Serwer
Spellbound by Terrorism by Paul Pillar
Report on Torture Reveals Moral Stain  Tampa Bay Times
Keeping Secrets, Telling Lies by Charlotte Silver

-Welcome back

Nothing on the schedule. I will just pick the report up in the USA morning most likely.

The Lord has promised us he will deal with the Jew for his eternal wickedness. The Jews don’t like it when you study their Talmud and the Jewish bible and quote what their leaders and prophets said to them about their wicked behavior.

Deuteronomy 21

Moses to the Hebrews

27 For I know thy rebellion, and thy stiff neck: behold, while I am yet alive with you this day, ye have been rebellious against the Lord; and how much more after my death?

28 Gather unto me all the elders of your tribes, and your officers, that I may speak these words in their ears, and call heaven and earth to record against them.

29 For I know that after my death ye will utterly corrupt yourselves, and turn aside from the way which I have commanded you; and evil will befall you in the latter days; because ye will do evil in the sight of the Lord, to provoke him to anger through the work of your hands.

30 And Moses spake in the ears of all the congregation of Israel the words of this song, until they were ended.



Time Cur. Imp. Event Actual Forecast Previous
02:00   CHF     Consumption Indicator 1.26
03:00   EUR     Spanish PPI (YoY) 1.9% 2.1%
04:00   EUR     German Business Expectations 103.0 103.6
04:00   EUR     German Current Assessment 109.5 109.9
04:00   EUR     German Ifo Business Climate Index 106.2 106.7
04:00   EUR     Italian Retail Sales (MoM) 0.4% -0.5%
04:30   GBP     BBA Mortgage Approvals 31.2K 30.5K
04:30   GBP     Index of Services 0.0% -0.2%
Tentative   EUR     German 30-Year Bund Auction 2.450%
06:00   GBP     CBI Distributive Trades Survey 7 0
07:00   USD     MBA Mortgage Applications (WoW) 4.8%
08:30   USD     Core Durable Goods Orders (MoM) 0.5% -0.7%
08:30   USD     Durable Goods Orders (MoM) -2.8% 5.6%
09:30   USD     Treasury Secretary Lew Speaks
10:30   USD     Crude Oil Inventories 1.513M -1.233M
10:30   USD     Gasoline Inventories -0.175M -0.633M
11:30   BRL     Brazilian Foreign Exchange Flows -3.00B
13:00   USD     5-Year Note Auction 0.760%
16:15   CAD     BoC Gov Carney Speaks
19:00   KRW     South Korean GDP (QoQ) 0.6% 0.3%
19:00   KRW     South Korean GDP (YoY) 1.4% 1.5%
22:45   JPY     2-Year JGB Auction 0.060%


-Europe’s TARP Moment is Approaching: Coutts


-Come on ECB tell us why you really stink…



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