Frontrunning: September 20
- Greek bank stress tests delayed until glitchless passage can be ascertained. No way would Europe want to test someone if there is even a small risk they fail (FT)
- Europe debt crisis abates as traders see yield spreads narrow (Bloomberg), yet oddly enough Irish Bund spread surge to 390...strange this thing reality
- Lenihan Rules Out Outside Aid for Ireland as Bond Auction Nears (Bloomberg)
- Raghuram Rajan - Perhaps Paul Krugman believes that by labeling other economists as politically extreme, he can undercut their credibility. But his is badly weakened by the myriad errors he makes. (The American)
- Bond Markets Get Riskier (WSJ)
- Shock Waves for Stocks If GOP Wins Congress (Bloomberg)
- Fear and loathing in Paris and Brussels (FT)
- Escaping Double Dip to Growth Recession Means No Job Relief (Bloomberg)
- Tea with little sympathy for US (FT)
- Japan Can't Curb Yen Acting Alone, Bank of Korea Governor Says (Bloomberg)
- China Must Spur Consumption to Meet Global Challenges, Li Says (Bloomberg)
- Swedish Government Wins Second Term; Far-Right Sees Gains (WSJ)
- Bank of England Says Pound Rally May Reflect Confidence in U.K. Outlook (Bloomberg)
- Krugman on the angry rich (NYT)
- Italy Trade Balance (Total) (Euros) for July 1750.0 - better than expected.Consensus 1000.0. Previous -3058.0.
- UK Rightmove House Prices for September -1.1% m/m 2.6% y/y. Previous -1.7% m/m 4.3% y/y.
- UK Major Banks Mortgage Approvals for August 45K - lower than expected. Consensus 46K. Previous 47K.
- UK M4 Money Supply for August -0.2%m/m 1.8% y/y - lower than expected. Consensus 0.2% m/m. Previous 0.4% m/m 2.3% y/y.