Courtesy of Tyler Durden
- From Prison, Madoff Says Banks ‘Had to Know’ of Fraud (NYT)
- Rising Chinese wages pose relocation risk (FT)
- Bahrain protesters take over key junction (FT)
- Fisher Says He May Prefer Treasury Sales as First Step for Fed Tightening (Bloomberg)
- Banks Push Home Buyers to Put Down More Cash (WSJ)
- Borders Files Bankruptcy as Expense Cuts Don’t Stem Losses (Bloomberg)
- China’s farm produce prices down last week (ChinaDaily) – weekly food prices are now Headline news
- Brazil Dismisses Plans to Pressure China on Yuan (WSJ)
- All You Need to Know About Why Things Fell Apart: Michael Lewis (Bloomberg)
- And the joke of the day: Fed looks set to increase its forecasts (FT)
- BHP Damps Acquisition Talk, Spending $80 Billion on Mines (Bloomberg)
- As Austerity Cuts Bite in Portugal, Discontent Grows (WSJ)
- Weidmann set for Bundesbank presidency (FT)
- Not the time to meddle with money market funds (FT)
- King’s Term as BOE Governor to End Before New Bank Powers Come Into Force (Bloomberg)
- France Seeks Input on Euro Pact (WSJ)
European Economic Data:
- Euro-Zone 25 New Car Registrations for January -1.4%Previous -3.2%
- Italy Current Account (mlns euro) for December -5382M Previous -5007M
- UK Nationwide Consumer Confidence for January 47 lower than expected Consensus 50 Previous 53
- UK Claimant Count Rate for January 4.5% as expected Consensus 4.5% Previous 4.5%
- UK Jobless Claims Change for January 2.4K higher than expected Consensus -3.0K Previous -4.1K
- UK Average Weekly Earnings 3M y/y for December 1.8% lower than expected Consensus 2.0% Previous 2.1%
- UK Weekly Earnings exBonus 3M y/y for December 2.3% as expected Consensus 2.3% Previous 2.3%
- UK ILO Unemployment Rate (3mths) for December 7.9% as expected Consensus 7.9% Previous 7.9%