Frontrunning: November 29

Tyler Durden's picture
  • Insider Case Has Soft-Dollar Focus (WSJ)
  • Treasury 30-Year Returns as Market Bellwether as Fed Policy Propels Trade (Bloomberg)
  • Portugal, Spain in crosshairs as Ireland bailed out (Reuters)
  • Wall Street Shrinks From Credit Default Swaps Before Rules Hit (Bloomberg)
  • Lee Says North Korea Must Pay for Attack; China Urges Talks (Bloomberg)
  • Don’t Just Tell Us. Show Us That You Can Foreclose (NYT)
  • Democrats Gird for Tax-Relief Battle (WSJ)
  • What the UK is Contributing to Ireland (BBC)
  • Chris Whalen: Standing on the brink — of a fresh financial start (Reuters)
  • Yuan-Hungry Investors Urge Companies to Sell Dim-Sum Bonds: China Credit (Bloomberg)
  • World Bank chief says double-dip recession unlikely (Reuters)
  • Iran Scientist Killed Today Worked on Nuclear Project (Bloomberg)
  • EU Says Growth to Weaken as Crisis `Shadow' Remains (Bloomberg)
  • Inside Treasury's nerve center (WaPo)
  • Australia Could Still Face Another Interest Rate Rise (HeraldSun)

Economic highlights:

  • Euro-Zone Business Climate Indicator for November 0.96-lower than expected. Consensus 1.05.Previous 0.98.  
  • Euro-Zone Consumer Confidence for November -9.4-higher than expected. Consensus -10.0.Previous -9.5.
  • Euro-Zone Economic Confidence for November 105.3-higher than expected. Consensus 105.0.Previous 103.8.     
  • Euro-Zone Indust. Confidence for November 0.9-lower than expected. Consensus 2.0.Previous 0.0.     
  • Euro-zone Services Confidence for November 10.2-higher than expected. Consensus 9.0.Previous 8.1.  
  • Italy PPI for October -0.2% m/m 4.0% y/y-lower than expected. Consensus 0.2% m/m 4.2% y/y.Previous 0.3% m/m 4.2% y/y.      
  • Italy Hourly Wages for October 0.0% m/m 1.5% y/y-lower than expected. Consensus 0.2% m/m 2.2% y/y.Previous 0.3% m/m 1.7% y/y.      
  • Sweden GDP s.a. for Q3 2.1% m/m 6.9% y/y-higher than expected. Consensus 1.2% m/m 5.4 y/y.Previous 2.0% m/m 4.5% y/y.      
  • Sweden Retail Sales s.a. for October 0.8% m/m 5.1% y/y-higher than expected. Consensus 0.4% m/m 4.3% y/y.Previous 0.7% m/m 5.2% y/y.
  • UK Hometrack Housing Survey for November -0.8% m/m -1.1% y/y. Previous -0.9% m/m -0.1% y/y.   
  • UK Net Consumer Credit for October 0.3B-higher than expected. Consensus 0.2B.Previous 0.1B.
  • UK Net Lending Sec. on Dwellings for October 1.0B-higher than expected. Consensus 0.5B.Previous 0.2B.      
  • UK Mortgage Approvals for October 47.2k-in line with expectations. Consensus 47k.Previous 47.4K.   
  • UK M4 Money Supply for October 0.7% m/m -0.7% y/y. Previous 0.7% m/m 1.1% y/y.
  • UK M4 Ex OFCs 3M Annualised for October 2.9%. Previous 2.5%.  


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Steak's picture

a little sunday morning redux

exhale (a playlist):

GoinFawr's picture

"Sunday morning is everyday for all I care, and I'm not scared."



Steak's picture

kobain somehow knew about the plight the irish people would face in 2010

Hate me
Do it and do it again
Waste me,
Rape me ,my friend

Miles Kendig's picture

Chris Whalen ROCKS!!

No amount of talk and obfuscation in Washington can prevent the process of liquidation underway on Main Street. Before long, the fact of renewal and restructuring at the micro level will be visible at the macro level as well, and that is good news.


velobabe's picture

World Bank chief says double-dip recession unlikely - reuters

cause it really is a depression. so probably won't get a double depression.

i on the other hand, do in fact get double dip depressions every day. just sayin.