Atlanta, GA 5/29/12 (StreetBeat) -- Stocks were generally strong in Asian trade on Tuesday. The Hang Seng was up one and a third percent, Shanghai gained 1.2%, Australia added 1.1% and the Nikkei rose three quarters of a percent. European indexes are mixed this morning, with the Dax up three quarters of a percent and the Footsie better by a slight fraction, but Spain is down two and a half percent. US stock futures are up about a half percent as I write.*The April reading of Japan’s Jobless Rate unexpectedly rose one tenth to 4.6%; it had been forecast to be unchanged from March.
*The April reading of Japan’s Retail Trade was down 0.3% from the month before, a one tenth increase was the estimate.
*The Bank of Spain thinks the economy there is going to continue shrinking in Q2. Also the Spanish Treasury says they will need to recapitalize troubled bank Bankia through new debt issuance.
*There was some unsubstantiated talk earlier this morning about a large German bank looking to raise capital again.
*The preliminary May reading of Germany’s Consumer Price Index was -0.3% month on month, well under the unchanged reading that was expected. The annualized rate was down one tenth from the month before to 2.1%; both measures are EU Harmonized.
*The March reading of the Case/Shiller Home Price Index is due out at 8:00am CDT; it is expected to be -2.60% on a year on year basis. The May reading of Consumer Confidence is due out at 9:00am CDT; it is forecast to be up a fraction to 69.6.
*The May reading of the Dallas Fed Manufacturing Index is due out at 9:30am CDT, it is expected to be +3.0, it was -3.4 in April.
*The Fed is scheduled to sell Treasuries today that are due to mature between 6/30/14 and 5/15/15; the results of the operation will be announced just after 10:00am CDT.
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