Frontrunning: November 15

Tyler Durden's picture
  • Monti faces resistance on cabinet as market honeymoon turns sour (Bloomberg)
  • Papademos urges Greece to commit to bail-out terms (FT)
  • New York police evict anti-Wall Street protesters (Reuters)
  • Power price hike looms in China amid plants' whopping losses (Xinhua)
  • Scalia and Thomas dine with healthcare law challengers as court takes case (LA Times)
  • Loan Backer's Cash Runs Low (WSJ)
  • UBS names Ermotti CEO to reassure investors (Reuters)
  • IMF warns on Chinese financial system (FT)
  • Risks may blunt tough U.S. talk on China (Reuters)
  • ADB urges Asia to help rescue eurozone (FT)
  • Huntsman Accuses Romney of ‘Pandering’ to Win Primary Support (Bloomberg)
  • Cameron Rebuffs Merkel Push for Closer Union (Bloomberg)

European economic highlights:

  • Eurozone GDP s.a. 0.2% q/q 1.4% y/y – in line with expectations. Consensus 0.2% q/q 1.4% y/y. Previous 0.2% q/q 1.6% y/y.
  • Eurozone ZEW survey Econ Sentiment for November -59.1 – lower than expected. Consensus -55.3. Previous -51.2.
  • Germany GDP n.s.a. for Q3 2.5% y/y. Previous 2.4% y/y.
  • Germany GDP s.a. for Q3 0.5% q/q. Consensus 0.5% q/q. Previous 0.1% q/q.
  • Germany GDP w.d.a. for Q3 2.6% y/y – higher than expected. Consensus 2.5% y/y. Previous 2.7% y/y.
  • France GDP for Q3 0.4% q/q 1.6% y/y – in line with expectations.  Consensus 0.4% q/q 1.6% y/y. Previous 0.0% q/q 1.7% y/y.
  • France Non-Farm Payrolls for Q3 0.0% q/q – lower than expected. Consensus 0.3% q/q. Previous 0.2% q/q.
  • France Wages for Q3 0.4% q/q. Previous 0.6% q/q.
  • UK CPI for October 0.1% m/m 5.0% y/y – lower than expected. Consensus 0.2% m/m 5.1% y/y. Previous 0.6% m/m 5.2% y/y.
  • UK Core CPI for October 3.4% - higher than expected. Consensus 3.2% y/y. Previous 3.3% y/y.
  • UK RPI for October 0.0% m/m 5.4% y/y. Consensus 0.1% m/m 5.5% y/y. Previous 0.8% m/m 5.6% y/y.
  • UK RPI Ex Mort Int. Payments for October 5.6% y/y – lower than expected. Consensus 5.7% y/y. Previous 5.7% y/y.