Frontrunning: December 8

Tyler Durden's picture
  • Germany insists on new treaty for Europe (FT)
  • Banks Prep for Life After Euro (WSJ)
  • Bank Values in Europe Fail to Lure Buyers (Bloomberg)
  • Banks' Ratings Reliance Nears End (WSJ)
  • BOE’s King Waits to See Europe Crisis Response (Bloomberg)
  • Accelerating U.S. Economy Eases Pressure for Further Fed Asset Purchases (Bloomberg)
  • Government acts on payday loan worries (FT)
  • Hong Kong May Loosen Property Curbs: Tsang (Bloomberg)
  • Japan’s Gold Exports Most Since 1985 as Individuals Sell Jewelry, Bars (Bloomberg)
  • Detroit on Review by Moody’s Will Pay $211 Million to Cut Swaps (Bloomberg)

European economic update

  • Bank of France Bus. Sentiment 95. Previous 96.
  • Turkey Industrial Production (nsa) 7.3% y/y – higher than expected. Consensus 5.0% y/y. Previous 12.0% y/y.
  • Turkey Industrial Production (wda) 7.3% y/y. Previous 6.0% y/y.
  • Netherlands CPI -0.1% m/m 2.6% y/y – higher than expected. Consensus -0.2% m/m 2.6% y/y. Previous 0.0% m/m 2.6% y/y.
  • Netherlands CPI - EU Harmonized -0.2% m/m 2.7% y/y. Previous 0.0% m/m 2.8% y/y.
  • Ireland CPI 0.0% m/m 2.9% y/y. Previous 0.3% m/m 2.8% y/y.
  • Ireland CPI - EU Harmonized 0.0% m/m 1.7% y/y. Previous 0.3% m/m 1.5% y/y.
  • Greece CPI - EU Harmonized 2.8% y/y – in line with expectations. Consensus 2.8% y/y. Previous 2.9% y/y.
  • Greece Consumer Price Index 2.9% y/y. Previous 3.0% y/y.
  • Greece Industrial Production -12.3% y/y. Previous -1.7% y/y.
  • Greece Unemployment Rate for September 17.5%. Previous 18.4%.
  • Czech Republic Current Account -1729.3M.  Previous -2047.0M. Revised -2407.7M.
  • Czech Republic Unemployment Rate 8.0% - in line with expectations. Consensus 8.0%.  Previous 7.9%.
  • Romania Industrial Output 0.0% m/m 4.8% y/y. Previous -0.6% m/m. 5.8% y/y.
  • Russia Gold & Forex Reserve 514.1B. Previous 510.2B.