Frontrunning: September 21

• China Faces ‘Hot-Money’ Surge on Financial Market Turmoil (Bloomberg)
• China Lending Curbs Help Propel Commercial Paper Yields to Record (Bloomberg)
• Italy plans reforms to rebuild growth (FT)
• US accused of unfair antitrust tactic (FT)
• Trichet urges EU banks to strengthen balance sheets (Reuters)
• Brazil seeks to help Europe via IMF (Reuters)
• Labour and Tories battle over IMF report (FT)
• Greek reforms undermined by stereotypes: minister (Reuters)

European economic update:

• Norway Unemployment rate (AKU) for July 3.2% - lower than expected. Consensus 3.3%. Previous 3.3%.
• Switzerland Money Supply M3 for August 7.6%. Previous 6.0%.
• UK Public Finances (PSNCR) for August 11.8B – higher than expected. Consensus 7.0B. Previous-5.6B.
• UK PSNB ex Interventions for August 15.9B – higher than expected. Consensus 13.0B. Previous -2.4B.
• UK Public Sector Net Borrowing for August 13.2B – higher than expected. Consensus 11.4B. Previous -5.2B.

Comments

[oobrien]

Shit! Fuck! Cunt! Cocksucker!

And that's all I've got to say.

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[oobrien]

What happened to Becky Quick?

My masturbation fantasies are grinding to a halt!

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[HelluvaEngineer]

Why are futures broken this morning?  They are going the wrong damn direction.

[msmith]

Looks like the EURUSD has decided to makes its move lower.  A bearish trend channel has been formed with downside price action  http://bit.ly/pe7pTO.

[msmith]

USD is showing strength across the board.  This should negatively impact equities.  The AUDUSD should have the most downside movement in a risk off environment. bit.ly/ruzDh2