Frontrunning: November 29

  • Insider Case Has Soft-Dollar Focus (WSJ)
  • Treasury 30-Year Returns as Market Bellwether as Fed Policy Propels Trade (Bloomberg)
  • Portugal, Spain in crosshairs as Ireland bailed out (Reuters)
  • Wall Street Shrinks From Credit Default Swaps Before Rules Hit (Bloomberg)
  • Lee Says North Korea Must Pay for Attack; China Urges Talks (Bloomberg)
  • Don’t Just Tell Us. Show Us That You Can Foreclose (NYT)
  • Democrats Gird for Tax-Relief Battle (WSJ)
  • What the UK is Contributing to Ireland (BBC)
  • Chris Whalen: Standing on the brink — of a fresh financial start (Reuters)
  • Yuan-Hungry Investors Urge Companies to Sell Dim-Sum Bonds: China Credit (Bloomberg)
  • World Bank chief says double-dip recession unlikely (Reuters)
  • Iran Scientist Killed Today Worked on Nuclear Project (Bloomberg)
  • EU Says Growth to Weaken as Crisis `Shadow' Remains (Bloomberg)
  • Inside Treasury's nerve center (WaPo)
  • Australia Could Still Face Another Interest Rate Rise (HeraldSun)

Economic highlights:

  • Euro-Zone Business Climate Indicator for November 0.96-lower than expected. Consensus 1.05.Previous 0.98.  
  • Euro-Zone Consumer Confidence for November -9.4-higher than expected. Consensus -10.0.Previous -9.5.
  • Euro-Zone Economic Confidence for November 105.3-higher than expected. Consensus 105.0.Previous 103.8.     
  • Euro-Zone Indust. Confidence for November 0.9-lower than expected. Consensus 2.0.Previous 0.0.     
  • Euro-zone Services Confidence for November 10.2-higher than expected. Consensus 9.0.Previous 8.1.  
  • Italy PPI for October -0.2% m/m 4.0% y/y-lower than expected. Consensus 0.2% m/m 4.2% y/y.Previous 0.3% m/m 4.2% y/y.      
  • Italy Hourly Wages for October 0.0% m/m 1.5% y/y-lower than expected. Consensus 0.2% m/m 2.2% y/y.Previous 0.3% m/m 1.7% y/y.      
  • Sweden GDP s.a. for Q3 2.1% m/m 6.9% y/y-higher than expected. Consensus 1.2% m/m 5.4 y/y.Previous 2.0% m/m 4.5% y/y.      
  • Sweden Retail Sales s.a. for October 0.8% m/m 5.1% y/y-higher than expected. Consensus 0.4% m/m 4.3% y/y.Previous 0.7% m/m 5.2% y/y.
  • UK Hometrack Housing Survey for November -0.8% m/m -1.1% y/y. Previous -0.9% m/m -0.1% y/y.   
  • UK Net Consumer Credit for October 0.3B-higher than expected. Consensus 0.2B.Previous 0.1B.
  • UK Net Lending Sec. on Dwellings for October 1.0B-higher than expected. Consensus 0.5B.Previous 0.2B.      
  • UK Mortgage Approvals for October 47.2k-in line with expectations. Consensus 47k.Previous 47.4K.   
  • UK M4 Money Supply for October 0.7% m/m -0.7% y/y. Previous 0.7% m/m 1.1% y/y.
  • UK M4 Ex OFCs 3M Annualised for October 2.9%. Previous 2.5%.  



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