Tomahawk, WI 4/3/2011 (PennyPayDay) -- Stocks were generally higher in Asian trade. The Hang Seng was up almost one and a half percent, Australia was up a half percent and the Nikkei was up a slight fraction; Shanghai was closed. European indexes are generally little changed, with the Footsie up about a quarter percent and the Dax essentially unchanged at the moment. US stock futures are up a slight fraction.*The February reading of the Eurozone Producer Price Index was up 0.8% on a month on month basis and +6.6% year on year, which was the highest result for this inflation measure since September 2008.
*Reuters over the weekend said the IMF is “pushing Greece to restructure its debt soon in view of the unsustainable fiscal burdens it is carrying, marking a change of course, German magazine Der Spiegel” reports. It was early last month that IMF European Director Borges said he was “confident that Greek debt is sustainable.”
*The Fed is scheduled to buy Treasuries today that are due to mature between 10/31/16 and 3/31/18; the results of the operation will be announced just after 10:00am CDT.
*Fed boss Bernanke is scheduled to speak to a Atlanta Fed conference tonight at 6:15pm CDT; his speech is on the not so exciting topic “Clearinghouses and Financial Stability”, but he will also take Q and A after his prepared remarks. Other Fedsters on the calendar today include: Atlanta Fed’s Lockhart talking about the economy at 8:05am CDT and Chicago Fed boss Evans, he speaks at 8:30am CDT about financial literacy at a conference at his bank, then later he is set to do a CNBC interview at 2:15pm CDT.
*IMF boss Strauss-Kahn is set to speak at 1:00pm CDT in the run-up to this week’s IMF/World Bank meetings.
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