Frontrunning: November 14

Tyler Durden's picture
  • Obama to China: Behave like "grown up" economy (Reuters)
  • President Hu: US woes not yuan-related (China Daily)
  • U.S. readies defenses against Europe spillover (Reuters)
  • Another one discovers that Gross is in fact net: Euro Risks Hit Banks (WSJ)
  • Global security trumps economics at APEC conference (Washington Post)
  • New Italian, Greek governments race to limit damage (Reuters)
  • Asia a priority for Canada after U.S. delays Keystone (Reuters)
  • All major economies headed for slowdowns: OECD (Reuters)
  • Japan Ends Recession as Quake Scars Heal; Outlook Dim (Guardian)
  • Bundesbank warns against intervention (FT)
  • Merkel to walk fine line on euro at party congress (Reuters)
  • Obama to China: Behave like "grown up" economy (Reuters)
  • Republican Gets Serious Look for Fed Board Spot (WSJ)

European economic highlights:

  • Eurozone Industrial Production w.d.a. for September 2.2% y/y – lower than expected. Consensus 3.5% y/y. Previous 5.3% y/y. Revised 6.0% y/y.
  • Eurozone Industrial Production s.a. for September -2.0% m/m - higher than expected. Consensus -2.3 % m/m. Previous 1.2% m/m. Revised 1.4% m/m.
  • France Current Account for September -€4.0B. Previous -€2.9B. Revised -€2.4B.
  • Switzerland Producer & Import Prices for October -0.2% m/m -1.8% y/y - higher than expected. Consensus -0.3% m/m -1.9% y/y. Previous -0.1% m/m  -2.0% y/y.

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Oh regional Indian's picture

Japan Ends Depression.

Quake scars heal.



Caveat Emptor

tim73's picture

"U.S. readies defenses against Europe spillover"

When the House of Mighty USA is already on fire? It was the spillover FROM USA (and UK) that started this crap in the first place back in 2008! This is just the blast wave going around and coming back at Americans once again.

Alex Kintner's picture

"Officials were stung by the implosion of Wall Street firm MF Global, which gambled and lost on European debt..."
Ha ha ha. Who could have seen it coming? The news just keeps repeating itself.

vegas's picture

Golden Rule: Them that has the gold makes the rules.

China to Barry Soetero: fuck you

Arrogance on display for the world to see.

paarsons's picture

What's  to expect in the future?

More volatility.

Ups and downs till the big war comes.

Just my two cents.

wang's picture
wang (not verified) Nov 14, 2011 7:51 AM

Overnight Bloomberg must have reported every 15 mimutes that Japan's GDP hit 6% <subscript> on and annual basis</subscript>

Meanwhile Canada getting ready to pump oil across the Rocky Mountains through the interior of British Columbia over First Nations lands and out to its pristine coast to load on tankers headed for Asia.