Frontrunning: December 6

Tyler Durden's picture
  • Merkel, Sarkozy Unite as S&P Issues Warning (Bloomberg)
  • Austerity package key to Italy averting collapse (FT)
  • GOP Rejects Democrats' New Payroll-Tax Bill (WSJ)
  • Europe can get out of crisis (China Daily)
  • Belgium, at Last, Forms Government (WSJ)
  • Geithner to Add US Weight to Euro Zone Talks (CNBC)
  • Asia Faces ‘Much Greater’ Global Risks: ADB Says (Bloomberg)
  • Understanding sectoral balances for the UK (FT)
  • Carney Likely to Keep Key Canada Lending Rate at 1% Amid Risks From Europe (Bloomberg)
  • China may cut RRR at Lunar New Year: report (WSJ)
  • Putin’s party loses support in Russian vote (FT)

European Economic Highlights

  • Eurozone GDP s.a. 1.4% y/y – in line with expectations. Consensus 1.4% y/y. Precious 1.4% y/y.
  • Eurozone Gross Fix Cap for 3Q 0.1% - lower than expected. Consensus 0.6%. Previous 0.2%.
  • Poland Industrial Sales for October -2.5% m/m 2.5% y/y. Previous 16.8% m/m 2.1% y/y.
  • UK Halifax House Prices -0.9% m/m -1.0% 3m/3m – lower than expected. Consensus 0.0% m/m -0.7% 3m/3m. Previous 1.2% m/m -1.8% 3m/3m.
  • Norway Consumer Confidence for 4Q 9.7. Previous 22.8. Revised 18.6.
  • Czech Republic Retail Sales for October 1.5% y/y – higher than expected. Consensus 1.0% y/y. Previous -0.5% y/y. Revised 0.0% y/y.
  • Romania GDP 4.4% y/y. Previous 4.4% y/y.
  • Switzerland CPI  -0.2% m/m -0.5% y/y – lower than expected. Consensus 0.1% m/m -0.3% y/y. Previous -0.1% m/m -0.1% y/y.