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e 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 third with a record high 1
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 Dutch government failed to agree on budget cuts over the weeke
ufacturing Index, Barcap Retail and Restaurant Conference (NYC), Earnings (ALXN, APD, BHI, COH, HSY, MMM, R, T, WU, X, AAPL, BIDU, JNPR) Wednesday: FOMC Rate decision (Bernanke press conference after), NZ cash rate, Earnings (BA, CAT, GLW, GD, DPS, HST, LO, S, SAP GR, CTXS) Thursday: Chicago Fed Nat Acti
rsist" 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 positive on the Euro banks as a contrar
ufacturing Index, Barcap Retail and Restaurant Conference (NYC), Earnings (ALXN, APD, BHI, COH, HSY, MMM, R, T, WU, X, AAPL, BIDU, JNPR) Wednesday: FOMC Rate decision (Bernanke press conference after), NZ cash rate, Earnings (BA, CAT, GLW, GD, DPS, HST, LO, S, SAP GR, CTXS) Thursday: Chicago Fed Nat Acti
w York Times/CBS News poll (NYT<http://www.nytimes.com/2012/03/13/us/politics/obama-approval-rating-down-in-new-york- times-cbs-poll.html?_r=3&hp>) Sarkozy edges ahead of Holland in latest opinion poll of French election (positive for financials) Net earnings per share revisions for next year turn posi
Small Business Index @ 7:30am, ICSC-GS Chain Store Sales @ 7:45am, Retail Sales @ 8:30am, Redbook Chain Store @ 8:55am, Business Inventories @ 10am, FOMC Rate decision 00 2:15pm Treasury auctions in 10yr notes @ 1pm ($21B), API crude oil inventories @ 4 Conferences: Barclays Global Healthcare (Miami), JP
Entities connected to both Nicolas Sarkozy and FOMC Rate

Lesley Groff
PERSON
François Hollande
PERSONIke Groff
PERSON
Barron
PERSONBaird
PERSONBarcap
ORGANIZATION
Bernanke
PERSON
Vodafone
ORGANIZATIONStifel
ORGANIZATIONChicago Fed
ORGANIZATIONU of Michigan Confidence, Employment Cost Index
ORGANIZATIONRichmond Fed Manufacturing Index
ORGANIZATIONCable & Wireless
ORGANIZATIONNY & PA
ORGANIZATIONS&P/
ORGANIZATIONBarcap Retail and Restaurant Conference (NYC
ORGANIZATIONSAP GR
ORGANIZATIONPending Home Sales
ORGANIZATIONKansas City Manufacturing
ORGANIZATIONJapan CPI & IP
ORGANIZATION