Frontrunning: February 10

Tyler Durden's picture
  • Mervyn King (the UK's Chairsatan) Faces Ticking Clock on Interest-Rate Increase as U.K. Inflation Soars (Bloomberg)
  • Bernanke (our own Chairsatan) Warns Against Steep Budget Cuts (Reuters)
  • Bernanke Makes Sure Fed Reminds Congress Deficit Bigger Than QE2 (Bloomberg)
  • China Developers Move Beyond Shanghai, Beijing, Defy Curbs (Bloomberg)
  • Was Weber Sacrificed for the Euro? (WSJ)
  • Wall Street Justice Means Nobody Gets Pinched: Jonathan Weil (Bloomberg)
  • Weber's Withdrawal Opens Up ECB Race as Debt Crisis Persists (Bloomberg)
  • Credit Suisse Cuts Profitability Goal as Net Misses Estimates (Bloomberg)
  • Now that Ron Paul actually has some power over the Fed, what is he going to do with it? (Slate)
  • Asia Moves Up a Gear in Fighting Inflation (Reuters)
  • Egyptian Party Pulls Out of Talks After Threat of Army Role (Bloomberg)
  • Egypt's government resists mounting pressure for change (Reuters)
  • Democrat Chris Lee Quits, Citing `Mistakes' After Link to Craigslist Ad (Bloomberg, Gawker)
  • Strikers Try to Raise Pressure on Mubarak (FT)
  • North Korea Says `No Need' for More Talks With South (Bloomberg)
  • Deutsche Borse and NYSE Euronext in Talks to Create TransAtlantic Powerhouse (Telegraph)
  • Japan's Budget Impasse Means Early Election Risk Looms for Kan (Bloomberg)
  • Bernanke's Worst Nightmare Is This Man's Boxes (Bloomberg)

Europe Economic Highlights:

  • France Industrial Production for December 0.3% m/m 7.0% y/y - higher than expected. Consensus -0.3% m/m 5.7% y/y. Previous 2.3% m/m 6.0% y/y.
  • France Manufacturing Production for December -0.1% m/m 6.6% y/y - higher than expected. Consensus -0.2% m/m 6.0% y/y. Previous 2.2% m/m 5.1% y/y.
  • Switzerland SECO Consumer Confidence for January 10 - in line with expectations. Consensus 10. Previous 7.
  • Switzerland CPI for January -0.4% m/m 0.3% y/y - lower than expected Consensus -0.2% m/m 0.6% y/y Previous 0.0% m/m 0.5% y/y
  • Sweden Industrial Prod. s.a. for December -2.1% m/m - lower than expected. Consensus 0.6% m/m. Previous 1.2% m/m.
  • Sweden Industrial Prod. n.s.a. for December 10.0% y/y - lower than expected. Consensus 12.5% y/y. Previous 12.3% y/y.
  • Sweden Industrial Orders s.a. for December 0.8% m/m. Previous -1.3% m/m.
  • Sweden Industrial Orders n.s.a. for December 17.7% y/y.Previous 15.8% y/y.
  • Norway CPI for January -0.5% m/m 2.0% y/y - lower than expected. Consensus -0.2% m/m 2.4% y/y. Previous 1.1% m/m 2.8% y/y.
  • Norway CPI Underlying for January -0.9% m/m 0.7% y/y - lower than expected. Consensus -0.5% m/m 1.1% y/y.Previous 0.2% m/m 1.0% y/y.
  • Norway Producer Prices incl.Oil for January 2.5% m/m 22.2% y/y.Previous 4.6% m/m 23.9% y/y.
  • Italy Industrial Production sa for December 0.3% m/m - higher than expected. Consensus 0.2% m/m. Previous 1.3% m/m.
  • Italy Industrial Production nsa for December 8.7% y/y. Previous 4.1%.
  • Italy Industrial Production wda for December 5.4% y/y - lower than expected. Consensus 4.5% y/y. Previous 4.1% y/y.
  • UK Industrial Production 0.5% m/m 3.6% y/y - lower than expected. Consensus 0.5% m/m 3.7% y/y. Previous 0.6% m/m 3.2% y/y.
  • UK Manufacturing Production -0.1% m/m 4.4% y/y - lower than expected. Consensus 0.4% m/m 5.4% y/y. Previous 0.6% m/m 5.1% y/y.
  • BOE Announces Rates 0.5% – in line with expectations.Consensus 0.5%. Previous 0.5%.
  • BOE Asset Purchase Target 200B – in line with expectations. Consensus 200B. Previous 200B.
  • UK NIESR GDP Estimate.Previous 0.5%.