- SEC calls for detail on debt exposure (FT [12])
- Calls for US taxpayers to bear housing (FT [13])
- Beijing Sets Meek Tone on Reform to Banking Sector Amid Uncertainty (WSJ [14])
- Merkel, Sarkozy to seek growth, jobs for euro zone (Reuters [15])
- UK leaves door open for cash to IMF (FT [16])
- Hungary Runs Out of Options in Row With IMF (Bloomberg [17])
- Monti Says No More Budget Cutting Needed to Balance Italian Budget by 2013 (Bloomberg [18])
- China to maintain 'prudent' monetary policy (China Daily) [19]
- Regional free trade talks in the pipeline (China Daily [20])
European Economic News:
- Eurozone Sentix Investor -21.1. Previous -24.0.
- Germany Exports s.a. for November 2.5% m/m – higher than expected. Consensus 0.5% m/m. Previous -3.6% m/m. Revised -2.9% m/m.
- Germany Imports s.a. for November -0.4% m/m – lower than expected. Consensus 0.5% m/m. Previous -1.0% m/m. Revised 0.1% m/m.
- Germany Current Account for November €14.3B – higher than expected. Consensus €11.5B. Previous €10.3B. Revised €10.0B.
- Germany Trade Balance for November 16.2B – higher than expected. Consensus 12.0B. Previous 11.6B. Revised 11.5B.
- Germany Industrial Prod. n.s.a. w.d.a for November 3.6% - lower than expected. Consensus 3.9% y/y. Previous 4.1% y/y. Revised 4.2% y/y.
- Germany Industrial Production s.a. for November -0.6% - lower than expected. Consensus -0.5% m/m Previous 0.8% m/m.
- France Trade Balance for November -€4412M – higher than expected. Consensus -€6000M. Previous -€6248M.
- Switzerland Unemployment Rate 3.30% - higher than expected. Consensus 3.20%. Previous 3.10%.
- Switzerland Unemployment Rate s.a. 3.10% - in line with expectations. Consensus 3.10%. Previous 3.00%.
- Switzerland Retail Sales 1.8% - higher than expected. Consensus 0.20%. Previous -0.20%.