Frontrunning: November 1

Tyler Durden's picture
  • 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.