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Germany sells 4.090 bln 5 year bonds
ECB Allots $50.685 Bln In 84-Day USD Liquidity Providing Op
ECB Allots $1.602 Bln In 7-Day USD Liquidity Providing Op
ECB dollar auction : Allots $1.602 bln in 7 day, and $50.685 bln (cons $10bln) in 84 day operations
UK Analysis: Oct Manufacturing Plunge Ups Risk Of Q4 GDP Fall
UK DATA: Oct Manufacturing Plunge Ups Risk Of Q4 GDP.
UK Oct Industrial Production – 0.7% m/m (exp -0.3%) -1.7.% y/y (exp-0.7%)
AUD/USD struggling to break up through the 100 day MA….
ITALY DATA: October SA industrial output fell -0.9%..
Italian October industry output -0.9% m/m
Austrian deputy chancellor: Sees realistic chance of adopting quick measures based on EU’s Van Rompuy paper
Geithner: Has “a lot” of confidence in efforts by Sarkozy, Merkel to build a stronger structure for fiscal union in Europe
Germany Press: 2011 Federal Net New Borrowing Below E20 Bln
Italy’s 3 main unions say they will strike together for 3 hours on Monday Dec 12 against austerity measures
BOE Offers Unlit Usd In 7, 84-Day Repo At New Rates
JAPAN DATA: BOJ’s Tankan quarterly survey gauging….
FRANCE DATA: October sa trade deficit narrowed to….
French October trade balance -6.3 bln
Eurostoxx 50 futures up +0.8% early
IMF deputy managing director: IMF has enough financial resources to serve its members

Posted:

Average yield 1.11% Bid to cover ratio 2.1 Received 8.67 bln bids German Finance Agency: Investors show trust in German govt paper Auction reflects volatile market situation Auction result “very good”

ECB Allots $50.685 Bln In 84-Day USD Liquidity Providing Op

Posted:

FRANKFURT (MNI) – The European Central Bank said Wednesday that it has allotted $50.685 billion in its 84-day USD liquidity providing operation. The central bank said it received 34 bids. Today’s operation was carried out at a fixed rate of 0.59%. The Euro/USD rate was set at 1.3435. –Frankfurt Bureau tel.: +49-69-720 142, email: frankfurt@marketnews.com [...]

ECB Allots $1.602 Bln In 7-Day USD Liquidity Providing Op

Posted:

FRANKFURT (MNI) – The European Central Bank said Wednesday that it has allotted $1.602 billion in its 7-day USD liquidity providing operation. The central bank said it received 5 bids. Today’s operation was carried out at a fixed rate of 0.58%. The Euro/USD rate was set at 1.3435. –Frankfurt Bureau tel.: +49-69-720 142, email: frankfurt@marketnews.com [...]

ECB dollar auction : Allots $1.602 bln in 7 day, and $50.685 bln (cons $10bln) in 84 day operations

Posted:

EUR/USD edging lower on the release reflecting ongoing stresses in funding,

UK Analysis: Oct Manufacturing Plunge Ups Risk Of Q4 GDP Fall

Posted:

–Oct manufacturing output -0.7% m/m; +0.3% y/y –Oct industrial production -0.7% m/m; -1.7% y/y LONDON (MNI) – Manufacturing output plunged on the month in October making it more likely that overall economic growth in the final quarter of the year will turn negative, figures released by National Statistics showed Wednesday. Manufacturing output fell 0.7% on [...]

UK DATA: Oct Manufacturing Plunge Ups Risk Of Q4 GDP.

Posted:

UK DATA: Oct Manufacturing Plunge Ups Risk Of Q4 GDP Fall –Oct manufacturing output -0.7% m/m; +0.3% y/y –Oct industrial production -0.7% m/m; -1.7% y/y ———————————————————————— Manufacturing output plunged on the month in October making it more likely that overall economic growth in Q4 will be negative. Output fell 0.7% m/m and was up 0.3% [...]

UK Oct Industrial Production – 0.7% m/m (exp -0.3%) -1.7.% y/y (exp-0.7%)

Posted:

Lowest since Apr 2011 UK Oct Manufacturing Production -0.7 %m/m (expected -0.2%) , +0.3 % y/y lowest since Jan 2010 Poor set of data but GBP/USD’s proving fairly resilient holding around 1.5610 from 1.5625

AUD/USD struggling to break up through the 100 day MA….

Posted:

We’ve touched 1.0299 earlier but it’s all a bit like watching paint dry so far. O/n firm GDP data’s left the AUD/USD on a bid tone, but the lack of momentum is widespread at the moment. The 100 day MA at 1.0299 ahead of a 61.8% retracement level of 1.0336 (1.0753 to 0.9964) lie ahead, [...]

ITALY DATA: October SA industrial output fell -0.9%..

Posted:

ITALY DATA: October SA industrial output fell -0.9% m/m and -4.2% y/y in workday adjusted terms, down from -2.7% y/y in September. The y/y seasonally adjusted decline is the worst since December 2009, when the index posted a drop of -6.6%. The m/m decline is the second consecutive month that Italian industrial output drops and [...]

Italian October industry output -0.9% m/m

Posted:

Worse than Reuters’ median forecast of -0.4%.

Austrian deputy chancellor: Sees realistic chance of adopting quick measures based on EU’s Van Rompuy paper

Posted:

“Quick” is good. Buggered if I know what the Van Rompuy paper is. I know I probably should know, but I don’t……. Any EU treaty change long-term process, cannot replace crisis management

Geithner: Has “a lot” of confidence in efforts by Sarkozy, Merkel to build a stronger structure for fiscal union in Europe

Posted:

Bless Europe must build a stronger firewall to deal with debt crisis

Germany Press: 2011 Federal Net New Borrowing Below E20 Bln

Posted:

BERLIN (MNI) – German federal net new borrowing this year will be less than E20 billion, far below the E48.4 billion earmarked in the 2011 budget bill, the German daily Bild reported Wednesday, citing government sources. Norbert Barthle, the parliamentary budget speaker of Chancellor Angela Merkel’s CDU/CSU government, said last month that federal net new [...]

Italy’s 3 main unions say they will strike together for 3 hours on Monday Dec 12 against austerity measures

Posted:

3 hours!!! In the City that was a long lunch back in the day…….

BOE Offers Unlit Usd In 7, 84-Day Repo At New Rates

Posted:

LONDON ((MNI) – The Bank Of England said Wednesday it was offering an unlimited supply of U.S. dollars in both 7-day and 84-day repo operations. The settlement date on the 7-day op was Dec 8 maturing December 15 2011. The Bank said the repo would be at a fixed-rate, with the rate to be set [...]

JAPAN DATA: BOJ’s Tankan quarterly survey gauging….

Posted:

JAPAN DATA: BOJ’s Tankan quarterly survey gauging business sentiment among major Japanese manufacturers will show the first fall in two quarters in December, according to the median forecast of eight economists surveyed by Market News International. The headline major manufacturers’ diffusion index is forecast to fall to -3 in December from +2 in September, which [...]

FRANCE DATA: October sa trade deficit narrowed to….

Posted:

FRANCE DATA: October sa trade deficit narrowed to E6.248 bln from E6.571 bln in September (revised from -E6.303 bln). – Deficit larger than expected; MNI survey median forecast -E6.0 bln – October sa exports +0.5% m/m; sa imports -0.3% m/m – See MNI MainWire for details