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Frontrunning: January 6

Tyler Durden's picture




 
  • So very encouraging - IMF's Lagarde: euro likely to survive 2012 (Reuters)
  • Drop Greek bond plan, urges ECB council member (FT)
  • Soros says EU break-up would be catastrophic (Reuters)
  • Japanese Banks Get 'Stress Tests' (WSJ)
  • Hungary Pledges Compromise on IMF Loan (Bloomberg)
  • Confidence in London property falls (FT)
  • Fed nears an adoption of an inflation target as Bernanke pushes transparency (Bloomberg)
  • Seoul and Tokyo seek to ease Iran oil ties (FT)
  • Irish-Backed Bank Bonds Tempt Buyers Again (Bloomberg)
  • Pentagon to focus on China and Middle East (FT)

European economic highlights:

  • Eurozone Business Climate Indicator -0.31 - higher than expected. Consensus  -0.48. Previous -0.44. Revised -0.42.
  • Eurozone Consumer Confidence -21.1 – higher than expected. Consensus -21.2. Previous -21.2.
  • Eurozone Economic Confidence 93.3 – in line with expectations. Consensus 93.3. Previous 93.7. Revised 93.8.
  • Eurozone Industrial Confidence -7.1 – higher than expected. Consensus -7.5. Previous -7.3. Revised -7.1.
  • Eurozone Services Confidence -2.1 – in line with expectations. Consensus -2.1. Previous -1.7. Revised -1.6.
  • Eurozone Retail Sales -0.8% m/m -2.5% y/y – lower than expected. Consensus -0.4% m/m -0.9% y/y. Previous 0.4% m/m -0.4% y/y.
  • Eurozone Unemployment Rate 10.3% - in line with expectations. Consensus 10.3%. Previous 10.3%.
  • Germany Factory Orders n.s.a. November -4.3% y/y – lower than expected. Consensus  -1.2% y/y. Previous 5.4% y/y.
  • Germany Factory Orders s.a. for November -4.8% m/m – lower than expected. Consensus -1.6% m/m. Previous 5.2% m/m.
  • Switzerland CPI for December -0.2% m/m -0.7% y/y – lower than expected. Consensus -0.1% m/m -0.6% y/y. Previous -0.2% m/m -0.5% y/y.
  • Switzerland CPI - EU Harmonised for December 0.3% m/m -0.4% y/y – higher than expected. Consensus -0.4% m/m -0.8% y/y.
  • UK New Car Registrations for December -3.7% y/y higher than expected. Previous -4.2% y/y.
 

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Fri, 01/06/2012 - 09:19 | 2038709 GMadScientist
GMadScientist's picture

Stress Test: "If you failed, how much would it stress us out?"

Fri, 01/06/2012 - 09:42 | 2038815 I am a Man I am...
I am a Man I am Forty's picture

why don't you throw some detail out their Soros??  catastrophic for who??  reuters is shit for throwing stuff like this out there without digging deeper, fuck the euro, only been around for 10 years but is going to take down a continent, fuck off

Fri, 01/06/2012 - 13:27 | 2039325 xcehn
xcehn's picture

Does she hear what she's saying?  Leave it to 'management.'  LOL

"Will 2012 be the end of the euro currency? I seriously don't think so. Its a young currency, its a solid one as well," Lagarde told journalists on a visit to South Africa."

 

http://www.reuters.com/article/2012/01/06/us-safrica-imf-idUSTRE8050CL20...

Fri, 01/06/2012 - 12:30 | 2039470 Problem Is
Problem Is's picture

"Fed nears an adoption of an inflation target as Bernanke pushes transparency"

Transparency won't work Bennie Bernank...

We already know your cue ball head is hard, white plastic...

Fri, 01/06/2012 - 14:46 | 2040101 malek
malek's picture

Lagarde: "Will 2012 be the end of the euro currency? I seriously don't think so"

Well, it is sufficient if just 2 countries keep the Euro to make that come true...

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