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20110302 - Beige Book

USA
Despite the problems in Libya are being solved in a peaceful manner and the crude oil is again well above 100, the ADP data on labor are relatively benign (217k vs. 180k). The figure puts a little 'fear of what might be the decisions of Bernanke, but in the end is positive and the markets will benefit. The Beige Book Fed published later, shows a general improvement in economic circumstances.
DJI +0.07% +0.16% SPX, Nasdaq +0.50% VIX 20.70 (-1.48%)

Europe
data on U.S. labor can not revive the fortunes of the European market, particularly concerned about the costs of 'Energy and its data production cost, which rose more than expected. The hawks in the ECB will soon raise interest rates threaten to strangle the cost of recovery, especially in the already poorly developed peripheral countries. The results do not finally convince corporate investors.
CAC -0.81%, DAX -0.58%, -0.41% SMI, DJES50 -0.82% V2X 24.60 (+3.26%)

Japan
good data for U.S. workers mean more buyers for Japanese goods. Despite a JPY under pressure then, the Nikkei try to field a small rebound after the devastating previous session. Well then, in general, all exporters who drag the rest of the market.
Nikkei +0.89%

Asia
also good for Asian markets, which should, also, take the ugly previous session. Together with the U.S. ADP data, there are also indexes of production that enable Koreans to forget the tensions with his cousins \u200b\u200bto the north and lead to the KOSPI bounced 1.5%.
Hang Seng +0.99%, Straits Time +1.14%, Taiwan +1.37%, Shanghai -0.08% Sensex +0.21%


FX USDCHF 0.9262 (0.9273)
USDJPY 81.92 (81.93)
EURUSD 1.3867 (1.3757)
EURCHF 1.2842 (1.2758)
EURGBP 0.8498 (0.8477)
GBPUSD 1.6318 (1.6228)
GBPCHF 1.5112 (1.5050 )

USD Libor 3 months 0.31% (0.31%)
USA tbill 3 months 0.12% (0.13%)
USA tbond 5 years 2.19% (2.10%)
Greece 10 years 12.08% (12.04%)

Gold 1428.93 ( 1430.32)
Crude 101.47 (100.32)
SPGS Commodity 711.98 (702.28)
Baltic Dry Index 1281 (1262)

Considerations
An interesting aspect of the market and how it more or less, to consider one problem at a time, respectively, a favorable one. There are many issues on the table of global finance: from heavy indebtedness to the imbalances between countries and their war of currencies, not to mention the new geopolitical risks. Yet, it seems that from time to time and discuss the market moves based solely on this or that.