Frontrunning: November 18

• Franco-German Spat on Role of ECB Renewed (Bloomberg)
• Draghi Says ECB Must Stay Course, Presses Governments to Act (Bloomberg)
• Zoellick Says Europe May Get Support From China, U.S. Via IMF (Bloomberg)
• Spanish Vote Heralds More Austerity (WSJ)
• UK banks cut periphery eurozone lending (FT)
• US deficit ‘supercommittee’ hits impasse over tax (FT)
• Merkel Urges Monti to Take Quick Steps (WSJ)
• Gross, Fink Agree on ‘Dangerous’ Europe (Bloomberg)
• China Said to Warn Banks on Property, Loans (Bloomberg)
• Eurozone woes drive China back into US bonds (China Daily)
• EU Rules May Soak Up $93 Billion of Utility Cash (Bloomberg)
• Russia’s WTO accession to boost trade ties with China (China Daily)

European economic news

• Germany Producer Prices for October 0.2% m/m 5.3% y/y – higher than expected. Consensus 0.1% m/m  5.3% y/y. Previous 0.3% m/m 5.5% y/y.
• Italy Industrial Orders s.a. for September -8.3% m/m – lower than expected. Consensus -6.0% m/m. Previous 5.0% m/m.
• Italy Industrial Orders n.s.a. for September -3.6% y/y. Previous 10.5% y/y.       
• Italy Industrial Sales s.a. for September -5.4% m/m. Previous 4.0% m/m.
• Italy Industrial Sales n.s.a. for September 1.9% y/y. Previous 12.0% y/y.                

Comments

[GeneMarchbanks]

Gross, Fink Agree on ‘Dangerous’ Europe

http://www.bloomberg.com/video/80762388/

Those Italian bonds are good right?

[youngman]

Well they are good as long as the ECB is buying them.....lol....

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