Frontrunning: November 4

Tyler Durden's picture
  • MF Global clients face day of reckoning as margins call (Reuters)
  • Key Defections Hit Berlusconi (WSJ)
  • G-20 Urges EU to Quell Crisis as Greece Teeters (Bloomberg)
  • Greek PM scraps referendum plan (FT)
  • Debt-reduction supercommittee talks appear to be at an impasse (WaPo)
  • US Influence at G20 Not Diminished, White House Says (Reuters)
  • ECB’s Draghi Offers Hope He Can Do What Europe Needs (Bloomberg)
  • Many States Already Worried About Running Short (Reuters)
  • Bill Gates urges G20 to live up to aid promises (Reuters)
  • Cameron calls for boost to IMF funds (FT)
  • Japan Fin Min: Japan Ready To Cooperate On Additional EFSF Purchase (WSJ)
  • China Singled Out for Cyberspying (WSJ)

European Economic Highlights

  • Eurozone PMI Composite for October 46.5 – lower than expected. Consensus 47.2. Previous 47.2.
  • Eurozone PMI Services for October 46.4 – lower than expected. Consensus 47.2. Previous 47.2.
  • Eurozone PPI 0.3% m/m 5.8% y/y – higher than expected. Consensus 0.2% m/m 5.8% y/y. Previous -0.1% m/m 5.9% y/y. Revised -0.2% m/m 5.8% y/y.
  • Germany PMI Services for October 50.6 – lower than expected. Consensus 52.1. Previous 52.1.
  • Germany Factory Orders n.s.a. for September 2.4% y/y – lower than expected. Consensus 7.5%. Previous 3.9%.
  • Germany Factory Orders s.a. for September -4.3% m/m - lower than expected. Consensus 0.1%. Previous -1.4%.
  • France PMI Services for October 44.6 – lower than expected. Consensus 46. Previous 46.
  • Italy PMI Services for October 43.9 – lower than expected. Consensus 45.5. Previous 45.8.
  • Switzerland Foreign Currency Reserves for October 242.7B. Previous 282.4B. Revised 282.2B.
  • UK New Car Registrations for October 2.6% y/y. Previous -0.8% y/y.