Frontrunning: July 7

Tyler Durden's picture
  • IMF Greek Loan Decision May Counter Its Policy Guidelines (WSJ) good thing the IMF's policies are made to be broken
  • Murdoch Closing Tabloid Linked to British Hacking (NYT)
  • News Corp.’s BSkyB Bid Facing Delay on Review (BBerg)
  • High-frequency trading adding risk, Haldane says (FT)
  • Countrywide Wages Victorious Tranche Warfare Against Investors (Bloomberg)
  • Obama expects "bottom lines" on debt limit on Sunday (RTRS)
  • European regulators under fire over stress tests (FT)
  • No plans to drop Strauss-Kahn charges, no plea deal (RTRS)
  • Eurozone governments warned on bail-outs (FT)
  • S&P Lifts California's Outlook as State Tackles Its Finances (WSJ)
  • Air Goes Out of Protests in a Leaderless Yemen (NYT)
  • Libyan Rebels Aim for Tripoli (WSJ)
  • In Syria's Capital, Opposition Broadens Tactics (WSJ)

Asian economic data:

  • Japan Bank Lending Ex-Trusts for June -0.60% y/y. Previous -0.80% y/y.  
  • Japan Bank Lending Including Trusts for June -0.60% y/y. – lower than expected. Consensus -0.50%. Previous -0.70%.
  • Japan Current Account Total for May ¥590.70B. – higher than expected. Consensus ¥306.0B. Previous ¥405.6B.
  • Japan Current Account Balance -51.7% y/y – higher than expected. Consensus -75.2%. Previous -69.5%.
  • Japan Trade Balance – BOP Basis for May -  ¥772.7B – higher than expected. Consensus ¥764.0B. Previous ¥417.58B.
  • Japan Bankruptcies 1.5% y/y. Previous 4.9%.
  • Japan Eco Watchers Survey Current: 49.6 – higher than expected. Consensus 40.0. Previous 36.0.
  • Japan Eco Watchers Survey Outlook 49.0 – higher than expected. Consensus 46.0. Previous 44.9.

European economic data:

  • Germany Exports SA for May 4.3% mom higher than expected Consensus 1.5% mom Previous -5.6% mom (Revised from -5.5% mom)
  • Germany Imports SA for May 3.7% mom higher than expected Consensus 1.5% mom Previous -2.4% mom (Revised from -2.5% mom)
  • Germany Current Account for May 6.9B lower than expected Consensus 7.0B Previous 9.0B (Revised from 8.8B)
  • Germany Trade Balance for May 14.8B higher than expected Consensus 12.2B Previous 10.8B (Revised from 10.9B)
  • France Bank of France Business Sentiment for June 99 Previous 103
  • France Central Government Balance for May -68.4B higher than expected Consensus -70.7B Previous -61.4B
  • Italy Industrial Production sa for May -0.6% mom lower than expected Consensus -0.1% mom Previous 1.1% mom (Revised from 1.0% mom)
  • Italy Industrial Production wda for May 1.8% yoy lower than expected Consensus 2.2% yoy Previous 3.8% yoy (Revised from 3.7% yoy)
  • Italy Industrial Production nsa for May 4.9% yoy Previous 0.0% yoy (Revised from -0.1% yoy)
  • Switzerland Unemployment Rate for June 2.8% in line with expectations Consensus 2.8% Previous 2.9%
  • Switzerland Unemployment Rate (sa) for June 3.0% in line with expectations Consensus 3.0% Previous 3.0%
  • Sweden Industrial Production for May 2.6% mom 13.4% yoy higher than expected Consensus 0.4% mom 10.0% yoy Previous -0.7% mom 11.9% yoy (Revised from 12.0% yoy)
  • Sweden Industrial Orders for May 0.1% mom 8.6% yoy higher than expected Consensus -0.1% mom 9.2% yoy Previous 0.2% mom 9.4% yoy (Revised from -0.1% mom 9.2% yoy)
  • UK PPI Input NSA for June 0.4% mom 17.0% yoy higher than expected Consensus -0.1% mom 16.1% yoy Previous -1.7% mom 16.1% yoy (Revised -2.0% mom 15.7% yoy)
  • UK PPI Output n.s.a. for June 0.1% mom in line with expectations 5.7% yoy higher than expected Consensus 0.1% mom 5.5% yoy Previous 0.2% mom 5.4% yoy (Revised from 5.3% yoy)
  • UK PPI Output Core NSA for June 0.2% mom in lin with expectations 3.2% yoy lower than expected Consensus 0.2% mom 3.3% yoy Previous 0.2% mom 3.4% yoy)