Frontrunning: December 20

Tyler Durden's picture
  • FBI Runs ‘Perfect Hedge’ to Nab Inside Traders (Bloomberg)
  • Japan in Talks With China About Purchasing Government Debt (Bloomberg)
  • Bankers Seek to Debunk ‘Imbecile’ Attack on Top 1% (Bloomberg)
  • UK rejects EU pleas to boost IMF coffers (FT)
  • Spain borrowing costs dive, ECB loans seen at work (Reuters)
  • Dexia Sells Off Luxembourg Division (FT)
  • Japan Plans to Bolster Intervention War Chest (Bloomberg)
  • South Korea Says to Supply Liquidity if Needed (Reuters)
  • House Republicans Push For New Payroll Tax Cut Talks (Reuters)

European economic news:

  • UK Nationwide Consumer Confidence for November 40 – higher than expected. Consensus 36. Previous 36.
  • Germany GfK Consumer Confidence Survey for January 5.6 – higher than expected. Consensus 5.5. Previous 5.6.
  • Germany Producer Prices for November 0.1% m/m 5.2% y/y – in line with expectations. Consensus 0.1% m/m 5.2% y/y. Previous 0.2% m/m 5.3% y/y.
  • Germany IFO - Business Climate for December 107.2 – higher than expected. Consensus 106. Previous 106.6.
  • Germany IFO - Current Assessment for December 116.7 – higher than expected. Consensus 116.0. Previous 116.7.
  • Germany IFO - Expectations for December 98.4 – higher than expected. Consensus 97.0. Previous 97.3.
  • Italy Industrial Orders s.a. for October -1.6% m/m – lower than expected. Consensus -1.3%. Previous -8.3%. Revised -8.2%.
  • Italy Industrial Orders n.s.a. for October -4.8% y/y – lower than expected. Consensus -1.2%. Previous -3.6%.
  • Italy Industrial Sales s.a. for October 0.1% m/m. Previous -5.4%. Revised -5.5%.
  • Italy Industrial Sales n.s.a. for October 1.1%. Previous 1.9%.
  • Sweden Riksbank Interest Rate 1.75% - in line with expectations. Consensus 1.75%. Previous 2.00%.
  • Switzerland Trade Balance for November 3.0B – higher than expected. Consensus 2.0B. Previous 2.15B. Revised 2.16B.
  • Switzerland Exports real s.a. for November -6.8% m/m. Previous 1.3%. Revised 0.9%.
  • Switzerland Imports real s.a. for November -7.7% m/m. Previous 1.4%.