Frontrunning: January 12

Tyler Durden's picture
  • Home price drops exceed Great Depression (Reuters)
  • The Fed Oracle Speaks: Fed Officials Signal Intent to Back Bond Buys (Jon Hilsenrath)
  • Sanders Says Bernanke Ducks Request for Details on Fed Loans (Bloomberg)
  • Clarium Slumps 90% From Peak After Thiel Hedge Fund Has Third Losing Year (Bloomberg)
  • EU Weighs Boosting Bailout Fund (WSJ)
  • Lisbon Succeeds with Debt Auction (FT)
  • Credit Suisse Plans Market for Long-Term Investors (BusinessWeek)
  • UK Insurers Attacks Europe’s Bank ‘Bail-In’ Plans (FT)
  • World's ATMs Pump Billions Into Wrong Places (Bloomberg)
  • Rethinking the Public-Pension Punching Bag (BusinessWeek)
  • Big Banks Seek Plan for Failures (FT)
  • U.S. Export Financing Challenges China (WSJ)
  • Brazil's Credit Boom Could End in Tears (BusinessWeek)
  • Australia floods may cut GDP by A$13 bln (Reuters)
  • US to Match Chinese Terms for Train Order (FT)

European Economic Data

  • Euro-Zone Ind. Prod. wda for November 1.2% m/m 7.4% y/y - higher than expected.Consensus 0.5% m/m 5.9% y/y. Previous 0.7% m/m 7.1% y/y.
  • Germany Budget (Maastricht) (% of GDP) -3.5% - higher than expected.Consensus -3.6%. Previous 3.0%.
  • Germany GDP (Annual Growth Rate) 3.6% - in line with expectations.Consensus 3.6%. Previous -4.7%.
  • France Current Account (EURO) for November -4.2B.Previous -2.8B.
  • Italy Industrial Production sa for November 1.1% m/m 4.1% y/y - higher than expected. Consensus 0.6% m/m 4.6% y/y. Previous -0.1% m/m 2.9% y/y.
  • Italy Industrial Production nsa for November 4.1% y/y - lower than expected.Consensus -4.7% y/y. Previous -0.2% y/y.
  • UK Visible Trade Balance GBP/Mn for November -£8736 - lower than expected.Consensus -£8350. Previous -£8529.
  • UK Trade Balance Non EU GBP/Mn for November -£5028- lower than expected.Consensus -£4800. Previous -£5071.
  • UK Total Trade Balance (GBP/Mln) for November -£4123- lower than expected.Consensus -£3800. Previous -£4038.