Week of April 3, 2011 thru April 9, 2011
All figures year-over-year percent changes unless otherwise
Date Time For Event Previous
11-15 Apr -- / -- Q1 Forex Reserves*($trln,q/q chg $bln) 2.85/+199.0
11-15 Apr -- / -- Mar Money Supply (M2) (% ytd y/y) +15.70
11-15 Apr -- / -- Mar New Loans (yuan bln mth, trln ytd) +535.6/+1.58
11-15 Apr -- / -- Mar Actual FDI <% y/y, % ytd y/y> +32.2/+27.1
--President Obama: U.S. Gov 'Will Remain Open For Business'
--Obama: Agreement Calls For 'Largest Annual Spending Cut In History'
--Speaker Boehner: Bill To Be Ready For Final Vote In Middle Of Next Wk
--Senate Majority Leader Reid: 'Tough Choices' For Both Parties
--Sen. McConnell: 'Much Larger Discussions' Ahead On Debt Hike, FY'12
--House, Senate To Pass Week-Long Stop-Gap Spending Bill To Fund Gov
By John Shaw
WASHINGTON (MNI) - President Obama, House Speaker John Boehner and
Senate Majority Leader Harry Reid announced late Friday night that they
WASHINGTON (MNI) - The following text is a statement by the U.S.
Treasurt Department Friday announcing that it will delay the release of
its semi-annual report to Congress on international foreign exchange
Treasury today announced that it will delay publication of the
Semi-Annual Report to Congress on International Economic and Exchange
Rate Policies of our major trading partners in light of several
upcoming, high-level international meetings: the G-20 Finance Ministers
and Central Bank Governors Meeting April 14-15, 2011; the Spring
WASHINGTON (MNI) - The following is the text of a press release
Friday by the Securities and Exchange Commission, announcing it will
hold a roundtable on May 10 regarding money market funds and systemic
COMMISSION ANNOUNCES A ROUNDTABLE DISCUSSION REGARDING MONEY MARKET
FUNDS AND SYSTEMIC RISK
The Securities and Exchange Commission announced today that it will
host a roundtable discussion in May on money market funds and systemic
risk. The roundtable will include participants from the Financial
Stability Oversight Council (FSOC).
By Dennis Pettit
NEW YORK, April 8 (MNI) - The dollar was nursing modest losses vs.
the euro and the yen Friday, in the case of the euro, extending an
overnight slide, as U.S. Budget uncertainty provided a negative
Euro-dollar was changing hands at $1.4440 in afternoon dealings
Friday, the euro in the upper reaches of the day's $1.4397/1.4445 U.S.
hours range, the euro beginning the Friday session around $1.4415.
Dollar-yen meantime was trading at Y84.77 in afternoon dealings,
down slightly from its Y85.28 early level of the session and in the
WASHINGTON (MNI) - The following text is a statement by
International Monetary Fund Managing Director Dominique Strauss-Kahn
regarding Portugal's request for financial aid:
"The IMF has received a request for financial assistance from the
Portuguese authorities and we stand ready to join the effort, together
with our European partners, to help restore growth and financial
stability in Portugal.
"We are prepared to move expeditiously on this request and hold
swift discussions with the Portuguese government, together with the
--Senate Majority Leader Continues To Hammer GOP On Policy Rider
--'An Agreement Was Reached' On FY'11 Spending
--'Ridiculous' To Shut Government Over Planned Parenthood Rider
--Will Offer Bill To Fund Troops For FY'11, Gov For Week
By John Shaw
WASHINGTON (MNI) - Senate Majority Leader Harry Reid said again
Friday that bipartisan budget talks that took place at the White House
Thursday night reached an accord on the level of spending for the final
fiscal year 2011 spending bill.
At a briefing with most Senate Democratic senators, Reid said "an
--House Speaker: Still No Accord On Final FY'11 Spending Number
--'Almost All Policy Issues' Have Been Resolved
--House GOP Is 'Not Going To Roll Over' On Budget
By John Shaw
WASHINGTON (MNI) - House Speaker John Boehner Friday said he is
"hopeful" an agreement can reached on the 2011 fiscal year budget, but
said disputes remain on the level of spending cuts in the final package.
In remarks after a meeting of House Republicans, Boehner said there
is "no agreement" on a final FY'11 spending level despite repeated
--House Republicans To Meet At Noon, Senate Dems At 1 PM
--Dems, GOP Use Senate Floor To 'Spin' Blame For Impasse
By John Shaw
WASHINGTON (MNI) - With tensions rising on Capitol Hill and a
government shutdown set for midnight, House Republicans and Senate
Democrats have set separate meetings Friday afternoon to review the
status of the stalled budget talks and assess the way ahead.
House Republicans have just begun meeting to review the FY'11
budget impasse while Senate Democrats are scheduled to meet at 1:00 PM
--Barclays: Sees 'Challenging Vulnerabilities' For EMs From $100/bbl Oil
By Brai Odion-Esene
WASHINGTON (MNI) - Tight oil market conditions, fueled by the
conflict in Libya, mean further increases in oil prices should be
expected, Deutsche Bank analysts said Friday, while analysts at Barclays
warn that such a rise would pose significant risks to emerging market
An average annual oil price above $100 per barrel would result in
"challenging vulnerabilities" in emerging market economies such as
India, Barclays analysts wrote in a research note.