Frontrunning: October 27

Tyler Durden's picture
  • EU Sets 50% Greek Write-down, $1.4T in Debt Fight (Bloomberg)
  • EU pushes banks to find extra €106bn for June (FT)
  • Italy's Berlusconi Says No Plans For Early Elections (WSJ)
  • U.S. Supercommittee Flirts With Failure (Bloomberg)
  • Fed to wrestle with communication policy (FT)
  • Investors show interest in foreclosure plan (Reuters)
  • Bank's Posen says QE size about right (Reuters)
  • Japan's Finance Minister Blames Yen Rise on Speculators (WSJ)
  • China Nixes Rapid Yuan Rise (WSJ)
  • Barclays, Mizuho Predict China Policy Easing (Bloomberg)
  • H.K.’s Tsang Sees Rising Risk in Home Market (Bloomberg)
  • South Korea Ruling Party Loses Seoul Vote in Warning for Lee (Bloomberg)
  • Singapore Says Economic Growth to Stall (Bloomberg)

European Highlights:

  • Eurozone M3 s.a. 3 month avg 2.6% y/y – in line with expectations. Consensus 2.6% y/y. Previous 2.3% y/y.
  • Eurozone M3 s.a. 3.10% y/y - higher than expected. Consensus 2.80% y/y. Previous 2.80% y/y. Revised 2.70% y/y.
  • Eurozone Business Climate Indicator -0.18 – higher than expected. Consensus -0.2. Previous -0.06.
  • Eurozone Consumer Confidence -19.9 – in line with expectations. Consensus -19.9. Previous -19.9.
  • Eurozone Economic Confidence  94.8 – higher than expected. Consensus 93.8. Previous 95.0.
  • Eurozone Indust. Confidence -6.6 – higher than expected. Consensus -7.0. Previous -5.9.
  • Eurozone Services Confidence 0.2 – higher than expected. Consensus -1.0. Previous 0.0.
  • Germany CPI - Saxony for October 0.2% m/m 2.7% y/y. Previous 0.3% m/m 2.6% y/y.
  • Germany CPI - Brandenburg for October 0.1% m/m 2.4% y/y. Previous -0.1% m/m 2.3% y/y.
  • Germany CPI - Hesse for October 0.0% m/m 2.4% y/y. Previous 0.3% m/m 2.3% y/y.
  • Germany CPI - Bavaria for October 0.3% m/m 2.7% y/y. Previous 0.0% m/m 2.5% y/y.
  • Germany CPI - Baden Wuerttemberg for October 0.3% m/m 2.8% y/y. Previous 0.0% m/m 2.5% y/y.
  • Sweden Household Lending for September 5.7% y/y – lower than expected. Consensus 5.9%. Previous 6.2%.
  • Sweden Riksbank Interest Rate 2.00%. Consensus 2.00%. Previous 2.00%.
  • UK CBI Reported Sales for October -11.0 – higher than expected. Consensus -16.0. Previous -15.0.