* Tokyo Nikkei 225 (+43.67 / +0.39%)
    * Hong Kong Hang Seng (+17.90 / +0.08%)
    * Australia S&P/ASX 200 (+43.10 / +0.87%)

(6:00 AM)

    * UK FTSE 100 (+29.18 / +0.51%)
    * France CAC 40 (+23.54 / +0.58%)
    * Germany DAX (+33.36 / +0.54%)

FOREX

AUD/USD consolidating above 0.9300 after bouncing from 0.9220.
USD/CAD falls below parity to set new 21-month low.
USD/JPY hits 93.50 session high after Shirakawa’s speech.
EUR/USD retreats from two-day high of 1.3660.
GBP/USD shows a 1.5440 overnight high.
The Monetary Authority of Singapore (MAS) uses exchange rates rather than interest rates to coduct their monetary policy. By adjusting the band the MAS has strengthened the Singapore dollar by around 1%.
Hong Kong’s Peg to Withstand China, Singapore Currency Shift, Options Show.
U.K. Candidates’ Deficit Promises May Shield Pound, Gilts, Economists Say.

(6:00 AM)

    * Dollar / Yen (+0.32 to 93.52)
    * Euro / Dollar (+0.0032 to 1.3646)

Looking Ahead…

Wednesday, April 14

Earnings: ACGY 0.20 ADTN 0.26 ASML 0.31 SCHW 0.11 EUBK -0.65 HOFT 0.14 IGTE 0.16 JPM 0.64 LSTR 0.32 MTOX 0.01 PCBK 0.05 UFPI 0.01 GWW 1.37 YUM 0.52
Economic Indicator: 7:00AM Weekly Mortgage Applications; 10:30AM Crude Inventories.
Economic Indicator: 8:30AM CPI for March.
Economic Indicator: 8:30AM Retail Sales for March.
Economic Indicator: 10:00AM Business Inventories for February.
Economic Indicator: 7:30AM OPEC Monthly report.

Thursday, April 15

Earnings: AMD -0.10 ALNC 0.50 ATR 0.51 STST 0.24 BLX 0.40 PIR 0.31 CBK -0.27 CBSH 0.53 CBST 0.36 DTLK 0.01 FCS 0.23 GOOG 6.56 ISRG 1.68 INXI 0.00 PBCT 0.08 PPG 0.63 SFNC 0.34 SLP 0.03 TNB 0.53 TITN 0.26 VMI 0.88
Economic Indicator: 8:30AM Initial Unemployment Claims; 4:30PM Money Supply.
Economic Indicator: 8:30AM NY Mtfg Survey for April.
Economic Indicator: 9:00AM TICS Capital Flows for February.
Economic Indicator: 9:15AM Ind’l Prod for March.
Economic Indicator: 10:00AM Philly Fed Idx for April.
Economic Indicator: 1:00PM NAHB Sentiment for April.

Friday, April 16

Earnings: ASX 0.08 BAC 0.09 CPC 0.20 EVBS 0.12 FHN -0.16 GCI 0.41 GE 0.16 GPC 0.61 KNL 0.13 LPL 0.50 MAT -0.03 MGN -0.08 BPOP -0.25 PNRG -0.25 PNRG -0.25 SBSI 0.50 UTEK 0.05 VIRC -0.16
Economic Indicator: 10:30AM Weekly Leading Index.
Economic Indicator: 8:30AM Housing Starts/Permits for March.
Economic Indicator: 9:55AM Univ of Mich Sent-Prel for April.
Economic Indicator: 5:00AM Eurozone CPI, European Monster Employment.

Monday, April 19

Earnings: ATX -0.01 ABCB -0.21 ACTG 0.02 AFFX -0.1 Y 3.2 AB 0.5 EPAX -0.32 AMLN -0.29 ANDS -0.17 ACI 0.08 AGO 0.79 ATHR 0.51 AUO 0.14 BOH 0.64 BBX -0.84 BJS 0.08 BSX 0.08 EPAY 0.23 BBNK -0.08 BRO 0.31 BCR 1.24 CADE -0.13 CFNB 0.29 CBKN -0.06 CCBG -0.16 CFNL 0.12 CASS 0.47 CF 1.5 CHFC 0.1 C 0 CSBC -0.18 COBZ -0.1 CNS 0.22 COLB -0.01 CNX 0.77 CLB 1.24 CR 0.52 CCK 0.28 CVBF 0.13 CYBI -0.03 DNBK 0.13 DECK 0.91 DCTH -0.14 DAL -0.23 DEL 0.1 DYAX -0.15 ECBE -0.4 LLY 1.1 ECA 0.32 WIRE 0.06 ELGX -0.02 EPIQ 0.17 EFX 0.56 ELS 1.02 EXPO 0.37 EZPW 0.43 FFKT -0.37 FISI 0.32 BUSE -0.02 FDEF 0.1 FFIN 0.61 FSGI -0.12 FWV N/A FBMI 0.05 FFIC 0.26 FELE 0.32 GHL 0.46 HAL 0.25 HNBC 0.08 HAS 0.16 HBNC 0.45 ICUI 0.41 IEX 0.42 IKAN 0.02 ILMN 0.19 IBCP N/A INSU 0.3 IDC 0.33 IBM 1.93 JJSF 0.46 JAH 0.2 JBLU 0 KMT 0.26 KLAC 0.35 NITE 0.36 KT N/A FSTR 0.26 LAB 0.08 LBAI 0.1 LRCX 0.82 LHO 0.03 LXK 0.88 LNCR 0.6 LMT 1.61 LNET -0.13 MTB 0.98 MCBC -0.57 MSFG 0.04 MCD 0.96 MMR -0.1 WFR 0.05 MPB 0.1 MBRG 0.1 MSL 0.05 MTX 0.66 MTSC 0.32 MLI 0.24 MFSF -0.07 NTY 0.93 NVR 5.68 PKG 0.11 PRK 0.91 PENN 0.22 PNFP 0.01 PBNY 0.08 PULB 0.03 QDEL -0.03 RJF 0.41 RCRC 0.13 RLRN 0.18 RNST 0.18 RBCAA 1.3 RCKY -0.19 ROME 0.12 SYBT 0.35 SCSC 0.43 SBCF -0.19 CKH 0.95 SEIC 0.27 SXT 0.46 SHBI 0.15 SIFI 0.05 BSRR 0.2 SOMH 0.09 SGB 0.18 SPF -0.06 STLD 0.26 SCL 1.32 STSA -2 SPWRA 0.07 SGC 0.22 SYMS -0.07 SYNL 0.07 TROW 0.58 TASR 0 TSH 0.79 TDY 0.61 SWK 0.52 NCTY -0.53 TOFC 0.04 TRAD 0.06 TRIB 0.12 UMBF 0.53 UBSH -0.01 UNTY -0.01 UACL 0.11 UVSP 0.12 ULGX -0.02 USG -0.94 VLY 0.18 VDSI 0.06 WERN 0.16 WAL -0.22 WMS 0.49 ZION -0.94
Economic Indicator: 10:00AM: Composite Indexes for March.
Economic Indicator: Japan Confidence.

Tuesday, April 20

Earnings: AOS 0.98 AKS 0.25 ALGT 1.07 ALTR 0.4 AMNB 0.36 APH 0.51 ASTE 0.21 BMI 0.36 BANF 0.51 BK 0.53 BIIB 1.13 EAT 0.41 CHE 0.9 CBAK 0 COH 0.46 CPTS -0.08 CPY 2.16 CREE 0.44 DDRX 0.37 ETN 0.82 EW 0.79 EVR 0.3 FLXS 0.14 FRX 0.83 FULT 0.13 GILD 0.95 GRT 0.2 GS 4.02 HBHC 0.47 HOG 0.24 HOMB 0.34 IBKC 0.65 ITW 0.57 INFN -0.1 JNJ 1.28 JNPR 0.26 LOJN -0.19 MANH 0.21 MI -0.4 MRTN 0.15 MBWM -0.65 VIVO 0.14 NBR 0.21 EDU 0.3 NTRS 0.72 NUVA 0.21 OMC 0.49 PCAR 0.15 PH 0.76 PEBO 0.19 PVSW 0.06 PLXS 0.49 RF -0.27 RNST 0.18 RLI 0.96 STX 0.94 SMI -0.09 SNA 0.52 STT 0.74 SYK 0.78 SVU 0.61 SNV -0.49 AMTD 0.24 TCK 0.51 TSYS 0.06 TPX 0.31 KO 0.74 TSFG -0.49 TSS 0.23 TWIN 0.11 USB 0.34 UAUA -1.08 ULCM 0 UNH 0.69 ECOL 0.12 VASC 0.07 VMW 0.27 VOCS 0.14 WCN 0.34 WFT 0.09 WWW 0.49 WSFS 0.07 XSEL 0.1 YHOO 0.09
Economic Indicator: 7:45AM Weekly retail sales.
Economic Indicator: 9:00AM Canada Bank Meeting.
Economic Indicator: UK CPI, ZEW Confidence.

All Times Eastern

Economics

(4/13)

ICSC-GS Weekly Store Sales Begin April Rising Further But Sees April Weakening; Redbook Declines But Remain Up YOY.
Import Price Growth Rates Slip Slightly After Rebounding.
U.S. Trade Deficit Remains Close to $40B in 2010 After Worsening in 2009 (Deficit Improvement only seems to occur during recession).
NFIB Small-Business Optimism Remains Off the Lows But Shows an October High; Relative Interest Rates Move to a New High; Credit Conditions Remain Weak With Expectations Back at the Lows.

Contrarian Indicator? Newsweek Cover: America’s Back! The Remarkable Tale of Our Economic Turnaround
www.marketfolly.com/2010/04/contrarian-indicator-magazine-cover.html

“Never Even a Whisper” at Fed’s Open Market Committee Meetings
www.zerohedge.com/article/never-even-whisper-feds-open-market-committee-meetings

Prospectus For The United States – Would You Invest? (Jim Grant did this last week)
www.zerohedge.com/article/guest-post-prospectus-united-states-would-you-invest

Jim Chanos On Charlie Rose (interesting talk on China)
www.charlierose.com/view/interview/10960

The Small-Business report is one of the more interesting monthly reports (this and the ISM reports pretty much cover all).
www.nfib.com/Portals/0/PDF/sbet/sbet201004.pdf.

Markets (oil price and interest rate growth rates relative to the stock market):

Long term: Neutral 2/8.
Intermediate: Neutral 4/7.
Short-term: Neutral 4/9.

Sectors (basic materials and energy growth rates relative to the other sectors):

Long term: Neutral 9/10.
Intermediate: Neutral 11/11.
Short-term: Neutral 1/12.