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European Market Update

European Market Update

2011-01-10 12:16:41



Plethora of forthcoming peripheral debt offerings weighs on risk appetite

Economic Data

(FI) Finland Nov Industrial Production M/M: -1.0% v 0.4%e; Y/Y: % v 6.2% v 9.3%e
(FR) France Nov Industrial Production M/M: 2.3% v 1.0%e; Y/Y: 6.0% v 4.4%e
(FR) France Manufacturing Production M/M 2.2% v 0.8%e; Y/Y: 5.1% v 3.6%e
(UK) Dec Halifax House Price M/M: -1.3% v -0.4%e; 3M/Year: -1.6% v -1.4%e ; Largest decline in 3-months
(CZ) Czech Dec CPI M/M: 0.5% v 0.4%e; Y/Y: 2.3% v 2.2%e
(CZ) Czech Dec Unemployment Rate: 9.6% v 9.1%e
(HU) Hungary Nov Preliminary Trade Balance: €651.5M v €450.0Me
(TU) Turley Nov Industrial Production WDA M/M: -1.3% v 3.1% prior; Y/Y: 8.4% v 12.9% prior; Industrial Production NDA Y/Y: 9.1% v 7.7%e
(SZ) Swiss Nov Real Retail Sales Y/Y: % v 0.9%e v 3.5% prior
(DE) Denmark Nov Current Account (DKK): 10.7B v 8.3Be; Trade Balance ex-shipping: 5.8 B v 5.0Be
(DE) Denmark Nov Retail Sales M/M: -0.2% v 0.1%e; Y/Y: +2.1% v -1.5% prior
(DE) Denmark Dec CPI M/M: 0.1% v 0.1%e; Y/Y: 2.8% v 2.9%e
(DE) Denmark Dec CPI EU Harmonized M/M: % v 0.1%e; Y/Y: % v 2.8%e
(SW) Sweden Nov Industrial Production M/M: % v 0.5%e; Y/Y: % v 11.5%e
(SW) Sweden Nov Industrial Orders M/M: % v 3.0% prior; Y/Y: % v 11.4% prior
(IC) Iceland Dec Preliminary Trade Balance (ISK): 11.5B v 10.4B prior
(IT) Italy Q3 YTD Deficit to GDP: 5.1% v 6.0% prior
(NO) Norway Dec CPI M/M: 1.1 % v 0.5%e; Y/Y: 2.8% v 2.3%e
(NO) Norway Dec CPI Underlying M/M: 0.2% v 0.2%e; Y/Y: 1.0% v 1.0%e
(NO) Norway Dec Producer Prices M/M: 4.6% v 2.5%e; Y/Y: 23.9% v 17.9% prior
(EU) Euro Zone Jan Sitix Investor Confidence: 10.6 vs. 11.8e
(SA) South Africa Dec Naamsa Vehicle Sales Y/Y: 29.6% v 29.6% prior
(GR) Greece Nov Industrial Production Y/Y: -7.6% vs. -4.2% -prior
Fixed Income:
(GE) Germany sold approx €4.93B in 6-Month Bu Bills; Avg Yield 0.4823% v 0.5785% prior; Bid-to-cover: 2.3x v 2.1 xs prior