Atlanta, GA 4/30/12 (StreetBeat) -- Stocks were mixed in Asian trade The Nikkei and Shanghai were closed because of holidays. But the Hang Seng was strong, it rose 1.7%, while Australia was up0.8%. European indexes are also mixed this morning with the Footsie down 0.4% and the Dax unchanged. US stock futures are down a slight fraction as I write.*The March reading of German Retail Sales were up 0.8%; two tenths less than forecast. But the annualized reading of Retail Sales was +2.3% and that is more than four times the estimate.
*The March reading of Personal Income and Spending is due out at 7:30am CDT. Income is expected to be up 0.3% on the month and the estimate for Spending is +0.4% month on month. The PCE Deflator inflation measure is expected to be +2.2% year on year and the month on month reading for the PCE Core is +0.2% and the annualized result is forecast to be +2.0%. The April reading of the Chicago Purchasing Managers Index is due out at 8:45am CDT, but remember the subscribers will get the report three minutes earlier; it is expected to be 60.5, down a bit from the 62.2 result seen in March.
*The February reading of Canada’s GDP is due out at 7:30am CDT, it is expected to be +0.2% on a monthly basis and +2.1% year on year. Also due out in Canada at 7:30am is Industrial Production, it is forecast to be +0.1% on the month.
*The Dallas Fed Manufacturing Activity Index is set to be released at 9:30am CDT, it is expected to be 8.0; it was 10.8 the month before.
*The Fed is scheduled to buy Treasuries today that are due to mature between 2/15/36 and 2/15/42; the results of the operation will be announced just after 10:00am CDT.
*Dallas Fed’s Fisher will participate on a panel about “Jobs for America” at a Milken Institute event at 4:30pm CDT.
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