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Fundamental

Feds Bullard Speaks on CNBC TV

Says:

  • Sees 3% possible growth in 2012
  • 7.8% Unemployment possible by end of year
  • I wouldnt take QE3 off table ever
  • Economy might look different in 6-9 months
  • Labor markets have improved recently
  • Unemployment situation not great
  • Fed rate hike in 2013

Merkel Speaks in Germany

Merkel Speaks in Germany

Says:

  • ‘We want a financial transaction tax in Europe’
  • Euro area must be built on trust
  • EU to aid Greece, Portugal, Ireland ‘is right’
  • Euro-Area aid countries must do ‘their homework’
  • Greece needs ‘state that functions properly’

Canada Retail Sales Fall as Wholesale Sales Rise

Canada Retail Sales:  Survey: -0.1%  Actual: -0.2%   Prior:  0.3%   Revised: 0.4%

Canada Retail Sales Less Autos:  Survey: 0.1%  Actual: 0.0%   Prior:  0.3%  Revised:  0.4%

Wholesale Sales:   Survey: 0.6%   Actual: 0.9%  Prior: -0.4%   Revised: -0.3%

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