Frontrunning: November 17

Submitted by Tyler Durden on 11/17/2010 08:22 -0500

• Claimant Count
• George Soros
• Germany
• Italy
• Reuters
• Unemployment
• United Kingdom
• Vigilantes

• The horrible truth starts to dawn on Europe's leaders (Telegraph)
• Fed May Hesitate on More Easing After Critics Question Mandate (Bloomberg)
• UN warns of rising food prices (FT)
• China Targets Liquidity to Cool Inflation (China Daily)
• Anger at Germany boils over (FT)
• BofA CEO: Settling foreclosure probe best solution (Reuters)
• China Buys Treasurys for Third Month (WSJ)
• Bond Vigilantes Ride Again (Barrons)
• Irish Aid Talks Stop Short of Bailout as EU Lauds Austerity (Bloomberg)
• Spain to Pay More for Bonds Amid Irish Contagion (Bloomberg)
• GM offering raised to meet big demand (FT)
• Buffett praises bail out efforts (Reuters)
• How to chart a course out of the Sino-American storm (FT)
• George Soros says conditions "pretty perfect" for gold (Reuters)
• Three Reasons Global Talks Hit Dead End: Mohamed A. El-Erian (Bloomberg)
• Humor: Bold Prediction: Dow Will Top 14000 in 2012 (Forbes)

Economic data:

• Euro-Zone Construction Output for September -2.1% m/m -8.1% y/y. Previous -0.4% m/m -8.5% y/y.
• Italy Current Account (mlns euro) for September -8123M. Previous -5044M.      
• Sweden Industry Capacity for Q3 88.6%. Previous 86.9%.
• Sweden Average House Prices (SEK) for October 1.952M. Previous 1.902M.
• UK Claimant Count Rate for October 4.5% - in line with expectations. Consensus 4.5%. Previous 4.5%.   
• UK Jobless Claims Change for October -3.7K - lower than expected. Consensus 6.0K. Previous 1.3K.      
• UK Average Weekly Earnings 3M for September 2.0% - in line with expectations. Consensus 2.0%. Previous 1.7%.  
• UK Weekly Earnings exBonus 3M for September 2.2% - lower than expected. Consensus 2.3%. Previous 2.0%.
• UK ILO Unemployment Rate (3mths) for September 7.7% - in line with expectations. Consensus 7.7%. Previous 7.7%.

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