US DATA: The National Financial Conditions Index (NFCI) decreased
to -0.63, while the adjusted NFCI (ANFCI) edged up to -0.32 in the week
ending on April 8, 2011. According to the Chgo Fed, “the NFCI shows a
complete reversal of the tightening in financial markets that took place
in the spring of 2010. The latest ANFCI value indicates that financial
conditions are on average slightly more lax than typically suggested by
current economic conditions.”