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Crude $103.14 (-73c) Europe getting hit hard today on heightened political uncertainty and generally weaker macro data across the board. Socialist Francois Hollande edges out Nicolas Sarkozy in Round 1 of the French elections as expected (28.5% to 27.1%), while the far-right National Front's Marine Le Pen took
ont's Marine Le Pen took third with a record high 18.2% of the vote. Hollande & Sarkozy will now go head-to-head in a Round 2 run-off on May 6 with Hollande still holding a commanding lead in opinion polls (Sarkozy will need to convert a large % of Le Pen supporters to have a chance). Meanwhile, the Dut
com/news/a20120423PD205.html> Key Events This Week Tuesday: GOP Primaries (CT, Rhode Island, Delaware, NY & PA), S&P/CaseShiller Home Price Index, Richmond Fed Manufacturing Index, Barcap Retail and Restaurant Conference (NYC), Earnings (ALXN, APD, BHI, COH, HSY, MMM, R, T, WU, X, AAPL, BIDU, JNPR) Wednesday: FOMC Rate decisi
tch cut for MS was consensus despite fears of 3). Hollande, Merkel, Rajoy & Monti meeting in Rome today ahe
ago Fed Index, Dallas Fed Manufacturing, New Home Sales, GHS 100 Energy Conference (SF), Earnings (APOL) Tuesday: III/CaseShiller Home Price Index, Richmond Fed Manufacturing Index, Consumer Confidence, MS Transportation Conference (Chicago), JPM Media CEO Conference (London), Earnings (HRB, ZZ, LDK) Wednesday: Durable s Capi
that "significant downside risks still persist" and that "stress has increased as of late." Round 1 of the French election on Sunday and polls show Hollande with a slight 28%-25% edge over Sarkozy (Round 2 polls for May 6 run-off still have Hollande winning by a more comfortable margin of 57%-43%). BofA
ay: Earnings (CHKP, COP, HAS, STI, NFLX, ZION, TXN) Tuesday: GOP Primaries (CT, Rhode Island, Delaware, NY & PA), S&P/CaseShiller Home Price Index, Richmond Fed Manufacturing Index, Barcap Retail and Restaurant Conference (NYC), Earnings (ALXN, APD, BHI, COH, HSY, MMM, R, T, WU, X, AAPL, BIDU, JNPR) Wednesday: FOMC Rate decisi
Entities connected to both François Hollande and Richmond Fed Manufacturing Index

Barack Obama
PERSON
Angela Merkel
PERSON
Lesley Groff
PERSON
Bloomberg L.P.
ORGANIZATIONIke Groff
PERSON
Nicolas Sarkozy
PERSON
Barron
PERSONBaird
PERSONBarcap
ORGANIZATION
Wells
ORGANIZATION
Piper
PERSON
Bernstein
PERSON
Michigan
LOCATIONUtilities
ORGANIZATIONImperial
ORGANIZATIONJefferies
ORGANIZATIONStifel
ORGANIZATIONChicago Fed
ORGANIZATIONCanaccord
ORGANIZATION
Moody's
ORGANIZATION