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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)
 

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Fri, 07/08/2011 - 08:08 | 1435528 hugovanderbubble
hugovanderbubble's picture

Keep the farce one more week¡

EBA CONFIRMS STRESS TEST RELEASE JULY 15 FROM 1600GMT
EBA: 'BACKSTOP' STEPS SEEN ANNOUNCED AT SAME TIME RESULTS
Fri, 07/08/2011 - 08:10 | 1435534 bobert
bobert's picture

Today is the 8th.  I think.

Fri, 07/08/2011 - 08:13 | 1435542 RunningMan
RunningMan's picture

Backrunning?

Fri, 07/08/2011 - 08:17 | 1435551 bobert
bobert's picture

Sleepy.

Fri, 07/08/2011 - 08:19 | 1435560 RunningMan
RunningMan's picture

Cure: a lot of coffee and an eye popping NFP beat in 10 minutes. Followed by a gut wrenching roller coaster of market mayhem.

Fri, 07/08/2011 - 08:23 | 1435570 bobert
bobert's picture

Coffee is a good suggestion.

Trade the mayhem and have fun today!

Fri, 07/08/2011 - 09:16 | 1435940 snowball777
snowball777's picture

"beat" Hahahahahaaa.

 

Fri, 07/08/2011 - 08:17 | 1435548 spanish inquisition
spanish inquisition's picture
  • Murdoch Closing Tabloid Linked to British Hacking (NYT)
  • News Corp.’s BSkyB Bid Facing Delay on Review (BBerg)
  • Delay on review = Politicians realize that there will be increased risk to push it through and are giving Murdoch extra time to come up with a few million in bribes/campaign contributions to ease their worry.

    Paper will restart in the week after completed takeover.

    Fri, 07/08/2011 - 08:19 | 1435559 bobert
    bobert's picture

    Are you suggesting that the global judicial system is corrupt?

    Shocking!

    Fri, 07/08/2011 - 08:27 | 1435581 dcb
    dcb's picture

    headline for eurozone governments warned on bailouts should read, ECB think taxpayers should bear entire bailout burden themselves. See,

    Fri, 07/08/2011 - 08:35 | 1435635 Zedge Hero
    Zedge Hero's picture

    http://www.youtube.com/user/zedgehero

    This week military complex spending 6 trillion, not 1 trillion like Obama just said a few weeks ago, plus new york fed stealing between 6 and 18 billion or at least it went missing.

    Fri, 07/08/2011 - 10:05 | 1436261 snowball777
    snowball777's picture

    U.S. District Senior Judge Mariana Pfaelzer in Los Angeles, who narrowed the case to $2.6 billion in bonds and dropped Countrywide parent Bank of America Corp. (BAC) as a defendant

    ...better hope she created a long-enough paper trail on those bribes.

    Thu, 07/14/2011 - 06:32 | 1455295 rockingsteve
    rockingsteve's picture

    So, while is might sound a little callous, save your sentimentality for your prayers. If you want to do some good, you don't need to look much farther than your own family or neighborhood to help someone who needs it. All the overt pronouncements of sentiment are pretty shallow water compared to the people who anonymously wade deep into the cold water to help another person with action instead of empty words mcitp certification | mcp dumps | mcsa certification | mcse 2008 | mcts dumps | network+certification | pmp dumps | rhce dumps

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