Frontrunning: June 27

Tyler Durden's picture
  • China Auditor Warns of Risk on Local Debt (Reuters)
  • Germany's Weber Slams Rescue Efforts (WSJ)
  • Papandreou Faces Showdown on Austerity (Bloomberg)
  • Obama to meet Senate leaders, keep debt talks alive (Reuters)
  • Deutsche Bank, UniCredit May Have to Raise Additional Capital After Basel(Bloomberg)
  • China to stimulate domestic demand: Wen (Reuters)
  • Outflows a 'Major' Risk for Greek Banks (WSJ)
  • Brussels eyes Tobin tax to aid EU coffers (FT)
  • Threat of $100bn hit if US top rating lost (FT)
  • Fed Seen Buying $25 Billion a Month in Treasuries After QE2 Comes to End (Bloomberg)
  • Push for Private Help for Greece (WSJ)
  • Iran Woos U.S. Allies as Troops Withdraw (WSJ)
  • Crowd attacks police over Egypt trial delay (FT)
  • Bank of America Sees Overseas Takeovers by India Curbed by Rates (Bloomberg)

European economic highlights:

  • Italy Hourly Wages for May 0.0% m/m 1.8% y/y Previous 0.1% mom 1.8% y/y.
  • Sweden Trade Balance for May 45.7B - lower than expected. Consensus 6.0B. Previous 4.0B.
  • UK Nationwide House prices sa for June -0.1% m/m – lower than expected.Consensus 0.0% m/m. Previous 0.3% m/m.
  • UK Nationwide House prices nsa for June-3.9% - lower than expected. Consensus -1.3% y/y. Previous -1.2% y/y.
  • UK Lloyds Business Barometer for June 36.Previous 14



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Temporalist's picture

Central planning inflation/price controls:

World Bank offers risk management product

"The World Bank announced a new risk management product earlier this week that aims to provide up to $4 billion (R27bn) in protection from volatile food prices for farmers, food producers and consumers in developing countries."

maff's picture

Outflows a 'Major' Risk for Greek Banks (WSJ)

Outflows just a polite way of saying "run on the bank"

Yen Cross's picture

 Frontrunning? Give me some Vanilla Options!

spanish inquisition's picture

Threat of $100bn hit if US top rating lost -

Ben - " I crap that before my morning coffee"