Oil demand expectations rise as recovery strengthens

5:35 AM   Initial estimates peg first-day iPad (AAPL) sales at 120K, for delivery beginning April 3. Analyst Victor Castroll: "Apple has been able to generate over $75M in revenue in one day on a product that 99.9% of purchasers haven't touched or for that matter, even seen in person, and we're still three weeks away. That is amazing."

6:35 PM   A recent study picks up on a disturbing trend: For the first time ever, premium borrowers are defaulting on their mortgages quicker than on their credit card debt. A possible explanation: Those in danger of losing their homes anyway still need credit cards to buy groceries.

5:46 PM   Regulatory reform might not be a lost cause, despite a recent collapse in talks. In a letter signed by Sen. Richard Shelby, Republicans said they remain open to working out a solution, but demanded that Senate Banking Committee Chairman Chris Dodd slow down the process to give them time to consider a new bill he plans to release on Monday.

5:30 PM   Hans-Werner Sinn, head of the Ifo think tank, says the rush to rescue Greece through a new European Monetary Fund could endanger the euro: "I fear the fund would become a redistribution system, distributing the resources of the more prudent countries to the less prudent ones."

5:17 PM   "Is today’s agricultural industry suffering from a lack of free and fair competition in the marketplace?" asks AG Eric Holder. Farmers are nervous about a few large firms that dominate many agricultural markets, and Holder is promising "an historic era of enforcement." (but...)

  Read all today's Market Currents on Seeking Alpha »