Frontrunning: November 1
- China PMI in surprise fall, lowest since 2009 (Reuters)
- Fury in Germany after Greek referendum call (Reuters)
- Europe Debt Crisis Threatens Asian Growth (Bloomberg)
- Gang Forms Inside US Debt Panel in Quest for Deal (Reuters)
- Italy's crisis deepens on eurozone slump, bail-out doubts (Telegraph)
- Greek vote would be on euro membership: Finnish minister (Reuters)
- President Hu confident in Europe (China Daily)
- New invoice system to further regulate rare earths industry (China Daily)
- Ministers fear steep rise in job losses(FT)
European economic highlights:
- Germany Retail Sales for September 0.0% m/m – higher than expected. Consensus -0.4% m/m. Previous 0.6% m/m.
- Norway PMI s.a. for October 50.8 – lower than expected. Consensus 53.7. Previous 54.8.
- Sweden PMI Survey for October 49.8 – higher than expected. Consensus 47.2. Previous 48.1.
- UK PMI Manufacturing for October 47.4. Consensus 50.0. Previous 51.1.
- UK GDP 0.5% q/q 0.5% y/y – higher than expected. Consensus 0.3% q/q 0.4% y/y. Previous 0.1% q/q 0.6% y/y.
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