Frontrunning: September 19

  • Greece Seeks Further Cuts (WSJ)
  • No new China stimulus - former deputy central banker (Reuters)
  • Obama to propose "Buffett Tax" on millionaires (Reuters)
  • Greece-Troika Conference Tonight To Decide Next Steps (Market News)
  • China Slowdown Looms as Inflation Limits Stimulus, ex-PBOC Official Says (Bloomberg)
  • Bernanke Joins King Tolerating Inflation (Bloomberg)
  • Swiss Cash blockade against German tax evaders (Spiegel)
  • Moody's stays negative on states, local governments (Reuters)
  • Germany Rejects Using ECB Leverage to Increase European Rescue Fund’s Size (Bloomberg)
  • Merkel and Eurosceptic allies beaten in Berlin (Reuters)
  • QE saved Britain from double-dip recession, says Bank of England (Telegraph)
  • Funds May Keep Selling Malaysia Even Amid Reforms, CIMB Says (Bloomberg)

Europea economic update:

  • Eurozone Construction Output s.a. for July1.4% m/m. Previous -1.3% m/m.
  • Eurozone Construction Output w.d.a. for July 1.2% y/y. Previous -11.5%y/y.
  • UK Rightmove House Prices for September 0.7% m/m 1.5% y/y. Previous -2.1% m/m -0.3% y/y.


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