Frontrunning: February 4

  • Fed Denies Policy Is Causing Food Rises (FT)
  • Pressure mounts on Mubarak to go (FT)
  • Algeria to Lift Limits on Liberty (WSJ)
  • Merkel Turns Crisis into Opportunity to Reshape Euro Zone (Bloomberg)
  • And finally, it is mainstream: Rising Commodities Put Profits Through the Wringer (Barrons)
  • Storm Battered Australian Coast (WSJ)
  • Boeing Loses Half of Dubai Aerospace Order for 737-Model Jets (Bloomberg)
  • Virginia to Ask Supreme Court to Rule on Health Law (NYT)
  • Are the ultra rich starting to spend less: LVMH Falls After 2010 Operating Profit Trails Estimate (Bloomberg)
  • Wider Powers For Eurozone Bail-out Fund (FT)
  • ECB’s Nowotny Lets ‘Cat Out of Bag’ With 2012 Inflation Forecast (Bloomberg)
  • China Eyes U.S. Defense Contracts (WSJ)
  • From 1983, Hope for Jobs in 2011 (NYT)
  • Julius Baer Data Used by WikiLeaks for Assault on Bank Secrecy (Bloomberg)


European Economic Highlights:

  • Italy CPI (NIC incl. tobacco) for January 0.4% m/m 2.1% y/y– higher than expected.Consensus 0.3% m/m 2.0% y/y. Previous 0.4% m/m 1.9% y/y.
  • Italy CPI - EU Harmonized for January -1.2% m/m 2.4% y/y– higher than expected. Consensus -1.3% m/m 2.2% y/y. Previous 0.4% m/m 2.1% y/y.
  • Switzerland Foreign Currency Reserves for January 207.9B– higher than expected.Previous 202.6B.
  • UK Halifax House Price 3Mths/Year -2.4%- higher than expected.Consensus -3.0%. Previous -1.6%
  • UK Halifax House Prices sa 0.8% m/m– higher than expected.Consensus -0.3% m/m. Previous -1.3% m/m
  • UK New Car Registrations -11.5% y/y. Previous -18.0%.


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