10.2 C
New York
Friday, March 29, 2024

Frontrunning: July 27

Courtesy of Tyler Durden

  • EUR Libor at Highest in 11 months, hits 0.8275% (Market News)
  • Hussman: Betting on a bubble, bracing for a fall (Hussman Funds)
  • BP Replaces Hayward, Quickens Asset Sales on Record Loss (Bloomberg)
  • Gift From Fed Stops as Profits Shrink at Banks Led by JPMorgan (Bloomberg)
  • Paul Farrell: Unless women take control of Wall Street and America, ‘The End’ is near (MarketWatch)
  • Economists Dispute Effect of US Stimulus (FT)
  • Chinese Banks Face State Loans Turmoil (FT)
  • Forbes: Obama’s soft-core socialism (Forbes)
  • “Systemic risk” theory gains in stature (WaPo)
  • IMF Sees Yuan as Undervalued (WSJ)
  • ‘Reform’ missed ‘friends of Angelo’ (Post)
  • Global Economy May Have to Settle for a Slower Pace (Economic Times)
  • Fitch: nothing to add to view on Hungary (Reuters)
  • Money Supply Confuses Deflation’s Confused Proponents (RCM)

And in probably what is the biggest news of the year for the stock that defines the American economy, federal ruling allows iPhone owners to alter software (Reuters)

Some updated data out of Europe which once again beats every expectation. Not bad for a continent whose financial system is insolvent:

  • Euro-Zone M3 s.a. for June 0.2% — higher than expected. Consensus -0.1%. Previous -0.2% (Revised from -0.1%).
  • Euro-Zone M3 s.a. 3 mth ave. for June 0.0% — higher than expected. Consensus -0.2%. Previous -0.2% (Revised from -0.1%).
  • Germany Import Price Index for June 0.9% m/m 9.1% y/y — higher than expected. Consensus 0.6% m/m 8.6% y/y. Previous 0.6% m/m 8.5% y/y.
  • Germany GfK Consumer Confidence Survey for August 3.9 — higher than expected. Consensus 3.5. Previous 3.5 (Revised from 3.6).
  • France Total Jobseekers for June Consensus 2690.6. Previous 2699.6.
  • France Jobseekers- Net Change for June Consensus 10.0 Previous 22.6
  • Sweden PPI for June 1.3% m/m 1.6% y/y — higher than expected. Consensus 0.2% m/m 0.5% y/y. Previous 0.0% m/m -0.5% y/y.
  • Sweden Household Lending for June 8.9% y/y. Previous 9.1%.
  • Switzerland UBS Consumption Indicator for June 1.810. Previous 1.737 (Revised from 1.712).
  • UK CBI Reported Sales for July 33 — higher than expected. Consensus 3. Previous -5.
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,449FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x