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Frontrunning: December 9

Tyler Durden's picture




 
  • Tensions Rise at EU Summit (WSJ)
  • Cameron faces showdown with Sarkozy (FT)
  • Euro Leaders’ Fiscal Union Pact Leaves Next Step to ECB (Bloomberg)
  • IMF China Chief Says Worsening Crisis May Force Hong Kong to Back Banks
    (Bloomberg) - same China expected to bail out Europe again
  • Putin blames Moscow protests on US (FT)
  • Boehner: Payroll Tax Cut Can Pass U.S. House (Bloomberg)
  • EU Leaders Drop Demands for Investor Write-Offs (Bloomberg)
  • Japan Imposes New Iran Sanctions (WSJ)
  • Gavyn Davies: A summit on German territory (FT)
  • Republicans block consumer finance nominee (FT)

European economic update:

  • Germany Consumer Price Index 0.0% m/m 2.4% y/y – lower than expected. Consensus 0.05% m/m 2.4% y/y. Previous 0.0% m/m 2.4% y/y.
  • Germany CPI-EU Harmonised 0.0% m/m 2.8% y/y – lower than expected. Consensus 0.05% m/m 2.8% y/y. Previous 0.0% m/m 2.8% y/y.
  • Germany Current Account 10.3B – lower than expected. Consensus 14.0B. Previous 15.7B. Revised 16.0B.
  • Germany Trade Balance 11.6B – lower than expected. Consensus 51.0B. Previous 17.4B. Revised17.3B.
  • France Industrial Production 0.0% m/m 1.8% y/y – lower than expected. Consensus -0.2% m/m 2.8% y/y. Previous -1.7% m/m 2.3% y/y. Revised -2.1% m/m 0.9% y/y.
  • UK PPI Input (nsa) 0.1% m/m 13.4% y/y – higher than expected. Consensus -0.1% m/m 12.9% y/y.  Previous -0.8% m/m 14.1% y/y. Revised 14.3% y/y.
  • UK PPI Output (nsa) 0.2% m/m 5.4% y/y – higher than expected. Consensus 0.0% m/m 5.3% y/y. Previous 0.0% m/m 5.7% y/y.
  • UK PPI Output Core NSA 0.0% m/m 3.2% y/y – lower than expected. Consensus 0.0% m/m  3.3% y/y. Previous -0.1% m/m 3.45 y/y. Revised 3.3% y/y.
  • UK Total Trade Balance (GBP/Mln) -£1552 – higher than expected. Consensus -£3450. Previous -£3940.  Revised -£4298.
  • UK Trade Balance Non EU GBP/Mn -$4544 – higher than expected. Consensus -£5400. Previous -£5715. Revised -£5712.
  • Sweden Industrial Production s.a. 0.4% m/m – higher than expected. Consensus -0.5% m/m. Previous 1.3% m/m. Revised 1.4% m/m.
  • Sweden Industrial Orders s.a -1.8% m/m. Previous -0.9% m/m. Revised -1.3% m/m.
  • Norway CPI  0.0% m/m 1.2% y/y – lower than expected. Consensus 0.3% m/m. 1.55% y/y. Previous -0.15% m/m 1.4% y/y.
  • Norway Producer Prices incl. Oil 1.4% m/m 12.9% y/y. Previous 0.1% m/m 15.3% y/y.
  • Netherlands Industrial Production (sa) -0.1% m/m – higher than expected.  Consensus -0.3% m/m. Previous -0.2% m/m. Revised -0.5% m/m.
  • Netherlands Industrial Sales (nsa) 6.6% y/y. Previous 12.7% y/y. Revised 13.1% y/y.
  • Ireland Industrial Production 6.6% m/m 12.1% y/y. Previous -3.5% m/m -0.1% y/y. Revised -3.8% m/m 0.4% y/y.
  • France Manufacturing Production 0.0% m/m 2.6% y/y – lower than expected. Consensus -0.2% m/m 3.5% y/y. Previous -1.6% m/m 3.4% y/y. Revised -2.1% m/m 1.8% y/y.
  • Denmark Current Account Balance 8.7B – lower than expected. Consensus 10.0B. Previous 12.0B. Revised 11.8B.
  • Hungary GDP 1.4%. Previous 1.4%.
  • Hungary Trade Balance 497.4M – lower than expected. Consensus 555.0M.  Previous 740.6M.
  • Czech Republic CPI  0.4% m/m 2.5% y/y – higher than expected. Consensus 0.2% m/m 2.3% y/y. Previous 0.3% m/m 2.3% y/y.
  • Czech Republic GDP -0.1% q/q 1.2% y/y. Previous 0.0% q/q 1.5% y/y.

 

 

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Fri, 12/09/2011 - 09:14 | 1962432 overmedicatedun...
overmedicatedundersexed's picture

no investor write offs on the debt?? tell that to greece..I guess the banksters pulled the chains on the pols and told them were the bear shits.  taxpayers seem the only group with no representation at the EU.

Fri, 12/09/2011 - 11:07 | 1962777 nowhereman
nowhereman's picture

Is that because of MFGlobal? 

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