Frontrunning: October 28

Tyler Durden's picture
  • Sarkozy Sees More Budget Cuts to Save France’s AAA Rating as Growth Slows (Bloomberg)
  • EU Crisis Deal Buys Time for Greece: Papandreou (Bloomberg)
  • California Proposes to Curtail Workers’ Benefits (WSJ)
  • FINRA brokerage oversight group misled regulators, SEC charges (WaPo)
  • Greece Will Leave Euro Even With Pact: Rogoff (Bloomberg)
  • Italian banks cool to demand for more capital (FT)
  • EU Crisis Resolution Critical to Obama 2012 Bid (Bloomberg)
  • Yen Record After BOJ Move May Encourage Japan to Aid Europe (Bloomberg)
  • China on ‘Bigger, Faster Treadmill’: Chanos (Bloomberg)
  • Mayor tells EU to drop financial tax (FT)
  • China's inflation will continue to ease: official (Xinhua)
  • China eyes creation of ASEAN Bank (Reuters)

European economic update:

  • France Consumer Spending for September -0.5% m/m -1.3% y/y – lower than expected. Consensus 0.0% m/m -0.7% y/y. Previous 0.2% m/m 0.3% y/y. Revised 0.1% y/y.
  • Italy Hourly Wages for September 0.3% m/m 1.7% y/y. Previous 0.0% m/m 1.7% y/y.
  • Norway Unemployment Rate for October 2.4% - lower than expected. Consensus 2.5%. Previous 2.5%.
  • Sweden Manufacturing Confidence s.a. for October -7.0 – lower than expected. Consensus -5.0. Previous -3.0. Revised -4.0.
  • Sweden Consumer Confidence for October -7.5 – lower than expected. Consensus -6.4. Previous -5.8.
  • Sweden Economic Tendency Survey for October 94.3 – lower than expected. Consensus 96.0. Previous 96.9. Revised 96.6.
  • Sweden Retail Sales s.a. for September -0.2% m/m - lower than expected Consensus 0.3% m/m. Previous -0.3% m/m.
  • Sweden Retail Sales n.s.a. for September -0.6% y/y – lower than expected. Consensus -0.2%. Previous 0.2%. Revised 0.3%.
  • Switzerland KOF Swiss Leading Indicator for October 0.80 – lower than expected. Consensus 1.00. Previous 1.21.
  • UK GfK Consumer Confidence Survey for October -32 – lower than expected. Consensus -30. Previous -30.