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Friday, March 29, 2024

Frontrunning: August 19

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

  • Inflation May Embolden Foes of Fed Stimulus (Bloomberg)
  • July inflation spike won’t stop QE3 (Reuters)
  • Clamour for amendments to Italian austerity (FT)
  • Biden seeks to reassure China on U.S. debt (Reuters)… fails
  • Japan Forex Chief Meets BOJ Officials to Talk Yen (WSJ)
  • BofA’s Moynihan Says to Expect 3,500 Job Cuts (Bloomberg)
  • France Eases Ban on Short Selling Before Index Futures Expire (Bloomberg)
  • Noda Pledges to Do His ’Utmost’ to Alleviate Strong Yen Risk (Bloomberg)
  • Krugman Says Italy, Spain Can ‘Probably’ Survive Euro Zone’s Fiscal Crisis (Bloomberg)…. i.e., game over for Italy and Spain
  • Fed says it is treating U.S., European banks the same (Reuters)
  • Obama Must Get Bold, Tell Republicans ‘It’s On’ (Bloomberg)

Europen economic update:

  • Germany Producer Prices for July 0.7% mom 5.8% yoy – higher than expected. Consensus 0.1% mom 5.3% yoy. Previous 0.1% mom 5.6% yoy
  • UK Public Finances (PSNCR) for July -5.6B higher – than expected.Consensus -8.0B. Previous 20.4B (Revised from 21.0B)
  • UK PSNB ex Interventions for July 0.0B lower – than expected.Consensus 2.4B. Previous 14.3B (Revised from 14.0B)
  • UK Public Sector Net Borrowing for July -2.0B – lower than expected.Consensus 0.2B. Previous 12.4B (Revised from 12.0B)

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