Archive - Nov 8, 2010 - Story

• Germany Attacks US Economic Policy (FT)
• Forget left and right. The real divide is technocrats versus populists (Reuters)
• China Is `Available' to Support Portugal Through Financial Crisis, Hu Says (Bloomberg), they also better be available to support Ireland, Spain, Italy, Greece, and all those other bankrupt European countries
• Hatzius is now bullish: Goldman Says Bernanke Engineers `Substantial Pickup' (Bloomberg), he will be even more bullish when QE2 is expanded to $4 trillion
• BofA May Pay Bonuses in Stock as Deadline Looms on Capital Gap (Bloomberg), unclear if it will throw in toxic MBS as part of compensation
• Citigroup debt funds probed by SEC (Reuters)
• Andy Xie: To Hell Through QE (China Int'l Business)

• CEOs most optimistic on US profits since 1999 in bull signal for S&P 500: Bloomberg.
• China is 'available' to support Portugal through financial crisis, Hu says.
• China's trade surplus likely rebounded in October after narrowing in September.
• ECB rejects request for files on Greek derivative use, cites 'acute' risks.
• Euro falls as concern over Irish bond sales, Greece damps investor demand.
• G-20 conflict risk eases as US says current-account targets unrealistic.
• Oil extends longest rally since April as US jobs report beats forecasts.
• World Bank Chief: G20 should consider adopting a global reserve currency based on gold as part of structural reforms.
• World Bank’s IFC plans to offer benchmark debt in US dollars.
• AIG hopes to complete its government exit before year end. Posts $2.4B loss in Q3.

Three Fed speeches and the quarterly survey of senior bank lending officers. Last QE-lite POMO closes at 11 am.

RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 08/11/10