Eurozone Officially Enters Into Double-Dip recession

(FR) France Q3 Preliminary Gross Domestic Product Q/Q: 0.2% v 0.0%e; Y/Y: 0.2 v 0.0%e

(FI) Finland Sept GDP Indicator WD : -1.0% v -0.6% prior

(DE) Germany Q3 Preliminary GDP Q/Q: 0.2% v 0.1%e; Y/Y: 0.4% v 0.4%e; GDP wda Y/Y:0.9% v 0.8%e

(FI) Finland Sept GDP Indicator: -1.0% v -0.6% prior

(FI) Finland Sept Current Account: €70M v €80M prior

(ES) Spain Q3 Final GDP Q/Q: -0.3% v -0.3%e; Y/Y: -1.6% v -1.6%e

(AT) Austria Q3 GDP Q/Q: -0.1% v 0.1% prior; Y/Y: 00% v 0.2% prior

(CZ) Czech Q3 Preliminary GDP Q/Q: -0.3% v -0.2%e; Y/Y: -1.5% v -1.2%e

(HU) Hungary Q3 Preliminary GDP Q/Q: -0.2% v -0.1%e; Y/Y:-1.5% v -1.3%e

(SI) Slovenia Q3 Preliminary GDP Y/Y: 2.2% v 2.4%e

(RO) Romania Q3 Advanced GDP Q/Q: -0.5% v -0.4%e; Y/Y: -0.6% v 0.0%e

(CZ) Czech Oct PPI (Industrial) M/M: 0.2% v 0.0%e; Y/Y: 1.9% v 1.7%e

(CZ) Czech Sept Export Price Index Y/Y: 1.4% v 3.7% prior; Import Price Index Y/Y: 2.8% v 5.8% prior

(DK) Denmark Oct Wholesale Prices M/M: -0.6% v 0.6% prior; Y/Y: 3.5% v 4.1% prior

(TR) Turkey Sept Current Account: -$2.7B v -$3.0Be

(TR) Turkey Aug Unemployment Rate: 8.8% v 8.7%e

(EU) ECB: €1.6B borrowed in overnight loan facility €842M prior; €217.7B parked in deposit facility vs. €239.5B prior

(PH) Philippines Sept Overseas Workers Remittances: $1.8B v $1.8B prior; Y/Y: 5.7% v 7.0%e

(SE) Sweden Oct Unemployment Rate: 7.1% v 7.4%e; Unemployment Rate Seasonally Adj: 7.7% v 7.9%e

(NE) Netherlands Q3 Preliminary GDP Q/Q: -1.1% v -0.2%e; Y/Y: -1.6% v -0.5%e

(NL) Netherlands Oct Unemployment Rate: 6.8% v 6.7%e

(IT) Italy Q3 Preliminary GDP Q/Q: -0.2% v -0.5%e (5th straight quarterly contraction); Y/Y: -2.4% v -2.9%e

(NO) Norway Oct Trade Balance (NOK): 31.8B v 23.6B prior

(AT) Austria Oct Consumer Price Index M/M: 0.2% v 0.9% prior; Y/Y: 2.8% v 2.7% prior

(UK) Oct Retail Sales Ex Auto Fuel M/M: -0.7% v -0.1%e; Y/Y: 1.1% v 2.1%e

(UK) Oct Retail Sales w/Auto Fuel M/M: -0.8% v -0.1%e; Y/Y: 0.6% v 1.6%e

(UK) Oct Car Production +6.5% y/y - SMMT

(EU) Eurozone Q3 Advanced GDP Q/Q: -0.1%-0.1%e; Y/Y:-0.6% v -0.6%e

(EU) Eurozone Oct CPI M/M: 0.2% v 0.2%e; Y/Y: 2.5% v 2.5%e; Core CPI Y/Y: 1.5% v 1.5%e

(PL) Nov Central/Eastern European ZEW Indicator: -3.4 v+5.5 prior

(IT) Italy Sept Current Account: -€2.6B v -€2.5B prior

Fixed Income
(FR) France Debt Agency (AFT) sold approx €7.5B vs. €6.5-7.5B indicated range in 2014, 2015 and 2017 BTANs/Oats

Sold €2.54B in0.75% Sept 2014 BTAN notes; Avg Yield 0.10% v 0.19% prior; Bid-to-cover: 2.85x v 4.73x prior

Sold €2.14B in 3.5% Apr 2015 OAT notes; Avg Yield 0.16% v 1.06% prior; Bid-to-cover: 2.66x v 3.0x prior

Sold €2.82B in 1.0% July 2017 BTAN note; Avg Yield 0.76% (record low) v 0.91% prior; Bid-to-cover: 2.65x v 1.85x prior

(IE) Ireland sold €500M vs.€500M indicated of 3-month T-bills; Avg Yield 0.550% v 0.700% prior; Bid-to-cover: 4.1x v 3.60x prior

(UK) DMO sold £2.0B in 3.75% 2052 Gilts; Avg Yield 3.219% v 3.055% prior; Bid-to-cover: 1.72x v 1.67x prior; Tail 0.3bps vs 0.2bps prior

(HU) Hungary Debt Agency (AKK) sold total HUF55B v HUF45B indicated in 2015, 2017 and 2022 Bonds

Notes/Observations
China unveils new leadership. Xi Jinping appointed as head of China Communist Party, to become President in March; as expected

Japan LDP (opposition) leader Abe: Favors unlimited easing by the BoJ until deflation ends, wants BoJ to cut benchmark rate to zero or lower

Eurozone Ministers Focus on Greece Funding Through 2014

UK Retail sales weaker than expected led by food and clothing demand declines

Equities
Indices: FTSE 100 -0.40% at 5,698, DAX -0.60% at 7,058, CAC-40 -0.40% at 3,387, IBEX-35 +0.10% at 7,680, FTSE MIB -0.50% at 15,179, SMI -0.80% at 6,623, S&P 500 Futures +0.30% at 1,358

European equity markets have mostly tracked Wed's weakness in US equity markets, amid the release of Q3 GDP data out of the major euro zone economies. The Swiss SMI index has led the declines, amid disappointing earnings from Zurich Financial. Slight outperformance has been seen for Spain's IBEX-35 index, amid renewed speculation that the government could seek some type of credit line, as opposed to a full bailout. European banks are mixed. France's Natixis has underperformed, while UK banks have outperformed.

Shares of life insurance company Resolution [RSL.UK] are lower by over 3%, following the release of the firm's 9-month trading update. BP [BP.UK] has traded marginally lower, following reports that the firm is in settlement talks with the US Department of Justice (DoJ) in relation to the Deepwater Horizon incident which occurred in 2010. Technology consulting firm WS Atkins [ATK.UK] has gained over 3%, after releasing H1 results and announcing a higher dividend. Energy services firm Invensys [ISYS.UK] has gained over 3%, following the release of its H1 results.

Shares of identity protection firm CPP Group [CPP.UK] have swung between gains and losses, as the company said it reached an agreement with the UK's FSA to conclude a previously disclosed probe into the company. Copper producer Antofagasta [ANTO.UK] is slightly lower following the release of its 9-month results. In the Netherlands, semiconductor equipment company ASML [ASML.NL] is lower by over 1%, after the company made cautious comments about the 2013 outlook for the memory chip market. Swedish retailer H&M [HMB.SE] is lower by over 2%, on weaker than expected Oct same store sales.

Swiss insurer, Zurich [ZURN.CH] has lost over 2%, as its Q3 results missed analyst expectations. In Germany, shares of Merck KGaA [MRK.DE] have gained over 1%, on better than expected quarterly results. French bank Natixis [KN.FR] has moved lower by over 5%, following the release of its Q3 results. Construction and telecom services firm Bouygues [EN.FR] has moved higher by over 1%, after releasing Q3 results.

FTSE 100 movers (John Wood Group -5%, Resolution -3.3%, AMEC -2%, Kingfisher -2%, Antofagasta -2%; Evraz +2%, RBS +1.6%, Barclays +1.3%)

CAC-40 movers (Alcatel-Lucent -1.5%, Sanofi -1.3%, ArcelorMittal -1.2%, STMicroelectronics -1%, Solvay -1%; Vivendi +2%, Bouygues +2%;

DAX movers (Lufthansa -2.1%, Infineon -2%, Bayer -1.5%, RWE -1.2%, BASF -1%; Merck KGaA +1.4%)

IBEX-35 movers (Acciona +3%, Tecnicas +3%, Repsol +2.5%, Bankia +1.7%, Gas Natural +1.5%; Sacyr -1.1%, Grifols -1%, Banco Popular -1%)

FTSE MIB movers (Autogril -2.4%, Davide Campari -2.3%, Azimut -2.3%, Saipem -1.6%, Tenaris -1.5%; DiaSorin +1.6%, Impreglio +1.5%, Fiat +1.3%)

SMI movers (Zurich -3.2%, Julius Baer -1.7%, Richemont -1.7%, SwissRe -1.1%, Transocean -1.1%, Swatch -1%)