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Frontrunning: August 22

Tyler Durden's picture

  • Majority of Swiss Polled Back SNB Currency Operations (Bloomberg)
  • Merkel, Van Rompuy Caution Against Euro Bonds (Bloomberg)
  • Italy’s Debt May Swell as Austerity Chokes Growth (Bloomberg)
  • Jackson Hole Build Up (FT)
  • China Previews Rising Leadership (WSJ)
  • Gaddafi Regime Collapsing (FT)
  • Prosecutor to drop Strauss-Kahn case: report (Reuters)
  • Inflation a danger for safe havens (FT)
  • Syria Revolt Fueled by Roof Fires and Tweets (WSJ)
  • Smithers Sees ‘Significant’ S&P 500 Rally (Bloomberg)
  • Layoffs sweep Wall Street, along with low morale (Reuters)
  • Japan July Supermarket Sales Post 2nd Y/Y Rise on Heat Waves (Market News)
  • Balanced Budget Acts as Dumb in Europe as in U.S. (Bloomberg)

Global highlights courtesy of Egan-Jones:

  • Brent oil falls near $105 as Libyan rebels overrun most of Tripoli, threaten to topple Gadhafi.
  • German economy still on course for 3% growth rate in 2011.
  • Osram files new complaints in lighting patent battles with South Korean companies.
  • South Africa speaks of compromise and incremental progress ahead of
    climate change talks.
  • Symbol of inter-Korean cooperation faces demise as North vows to scrap
    Seoul resort assets.
  • Thailand's economy shrank in 2Q to 0.2% as auto production falls in aftermath
    of Japan tsunami.
  • World stock markets mixed amid fears US economy is slipping back into recession.
  • Yen, Franc weaken amid speculation Japan, Switzerland ready to intervene.
  • Amlin swings into loss of $250M in 1H on 'unprecedented' catastrophe losses.
  • Bain Capital LLC agreed to buy MYOB Pty. Ltd., deal worth about $1.2B.
  • BlueScope Steel sheds 1,000 jobs to turn around $1.1B annual loss.
  • China Construction Bank 1H profit up 31% to $14.5B on higher fee, interest income.
  • China Windpower reports 1H net income of HK$237M.
  • Gazit-Globe Ltd Q2 profit grew to $70M, rental income higher.
  • GTC posts loss in Q2 of 36.5M Euros on revaluation of assets due to slowdown in
    the region.
  • Hollywood's Legendary, China's Huayi Bros raise $220.5M for co-production venture. n    Jyske Bank profit falls below consensus hurt by adjustments to its investments and
    nearly flat income.
  • Kenya's Standard Group 1H profits rise 6.5% to $2.48M due to sharply weakened
    local currency and high oil prices.
  • Maybank Q4 profit up 27% helped by robust regional loans growth but sees
    pressure on margins.
  • Micro Focus International Plc ends takeover talks with private-equity firms, resumes
  • Renesola adopts Rights Plan to defend shareholders if bid made. n    Verizon strikers return to work.

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Mon, 08/22/2011 - 08:27 | 1585415 Careless Whisper
Careless Whisper's picture

The Morning Careless Whisper Report

YouTube Ranter "drinkingwithbob": There's Only One Candidate Who Cares About You

1/3 Of Florida-Based Banks Under FDIC Severe Enforcement Actions

Livin' Large: Romney To Tear Down $12 Mill Mansion To Build Bigger One

NYC Home Sales Down 40%

Scientists: Ecstacy (MDMA) Makes Cancer Cells Disappear

Bank Of "We Will Help You" America Forecloses On Granny For Making Mortgage Payment One Month Early And "Not In Month It Was Due"

Law And Order On DVD - Box Set To Contain 104 Discs

Rick Perry: Abstinence Works In My Life

Betty White On Happiness


Mon, 08/22/2011 - 08:45 | 1585434 the not so migh...
the not so mighty maximiza's picture

Time too whip out the glow sticks and take some E

Mon, 08/22/2011 - 09:41 | 1585632 tip e. canoe
tip e. canoe's picture

"tripping on e does sound a lot better than chemo." 

Mon, 08/22/2011 - 09:47 | 1585650 tip e. canoe
tip e. canoe's picture

bDoA : 'While this may not be the response you were hoping for, I trust I have addressed your concerns.'

Mrs Bullington said: 'I just don't understand why they're doing this. It looks like they're out to get us.'

indeed they are, dear Mrs. Burlington, indeed they are.

Mon, 08/22/2011 - 08:32 | 1585426 Sudden Debt
Sudden Debt's picture

Merkel, Van Rompuy Caution Against Euro Bonds

To funny! :)

First they promote it and than they bash it :)

He who doesn't understand it will never be politician material!


Mon, 08/22/2011 - 08:36 | 1585441 Sudden Debt
Sudden Debt's picture

Frontrunning August 22 PART DEUX!

Attack on PM's starts 1 hour before the opening bell and continue untill friday!

Mon, 08/22/2011 - 08:47 | 1585478 lolmao500
Mon, 08/22/2011 - 08:51 | 1585495 Sudden Debt
Sudden Debt's picture

Maybe if everybody went to M. vineyard on vacation at taxpayers expense, everybody would also be as optimistic?


Mon, 08/22/2011 - 08:59 | 1585522 somethingelse
somethingelse's picture

gold and silver smack down commencing...oh it it must be monday morning on Wall Street

Mon, 08/22/2011 - 09:19 | 1585567 lolmao500
lolmao500's picture

Jack Layton is dead... RIP

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