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Friday's European Market Update

Published 12/21/2012, 07:28 AM
Updated 01/01/2017, 02:20 AM
Stars Align For An Illiquid Risk-Off End To The Week

Notes/Observations



  • Japanese Govt government maintains view that economy continues to weaken
  • France stats agency INSEE: France will not meet 2013 growth target of 0.8%.
  • S&P cuts Cyprus sovereign rating to CCC+ from B (two-notches); Outlook Negative
  • IMF said to want ESM to recapitalize the Cyprus banking sector directly as it is the only way the country can avoid excessive debt levels
  • UK 3rd and final GDP reading is mixed


Economic Data
  • (RU) Russia Narrow Money Supply w/e Dec 17th: 7.37T v 7.21T prior
  • (DE) Germany Jan GfK Consumer Confidence: 5.6 v 5.9e
  • (FI) Finland Nov Unemployment Rate: 7.3% v 6.9% prior
  • (FI) Finland Nov PPI M/M: -0.3% v -0.5% prior; Y/Y: % v 1.7% prior
  • (DE) Germany Oct Construction Order NSA +30.5% y/y; YTD +6.3% y/y
  • (ZA) South Africa Nov Budget Balance (ZAR): -33.3B v -23.6 prior
  • (FR) France Dec Business Confidence: 89 v 89e; Production Outlook Indicator: -38 v -42e; Own-Company Production Outlook: -9 v -7 prior
  • (CH) Swiss Nov M3 Money Supply Y/Y: 9,3% v 8.6e
  • (ES) Spain Nov Producer Prices M/M: -0.5% v -0.2%e; Y/Y: 2.8% v 3.1%e
  • (HU) Hungary Oct Retail Trade Y/Y:-3.7% v -2.6%e
  • (HU) Hungary Oct Final Trade Balance: €646.9M v €657.6M prelim
  • (DK) Denmark Q3 Final GDP Q/Q: 0.3% v 0.1%e; Y/Y: -0.3% v -0.5%e
  • (EU) ECB: €1.94B borrowed in overnight loan facility vs. €913.0M prior; €231.5B parked in deposit facility vs. €232.6B prior
  • (AT) Austria Oct Industrial Production M/M: -0.6% v -1.8% prior; Y/Y: 1.3% v 2.0% prior
  • (NL) Netherlands Nov House Price Index M/M: +0.3% v -0.2% prior; Y/Y: -7.0% v -7.8% prior
  • (NL) Netherlands Q3 Final GDP -0.9% v -1.1% prelim; Y/Y: -1.5% v -1.6% prelim
  • (HK) Hong Kong Q3 Current Account: +$29.2B v -$7.8B prior; Overall Balance of Payments: +$37.9B v -$7.1B prior
  • (PL) Poland Nov Retail Sales M/M: -6.4% v -5.8%e; Y/Y: 2.4% v 3.0%e
  • (PL) Poland Nov Unemployment Rate: 12.9% v 12.8%e
  • (IC) Iceland Dec CPI M/M: 0.1 v 0.3% prior; Y/Y: 4.2 v 4.5% prior
  • (IC) Iceland Nov Wage Index M/M: 0.2 v 0.1% prior; Y/Y: 5.0 v 5.1% prior
  • (IT) Italy Nov Hourly Wages M/M: 0.1 v 0.2% prior; Y/Y: No est v 1.5% prior
  • (NO) Norway Dec Unemployment Rate: 2.4% v 2.3%e
  • (UK) Nov Public Finances (PSNCR):-£6.8B v -£1.0Be; PSNB ex Interventions: £17.5B v £16.0Be; Public Sector Net Borrowing: £15.3B v £14.1Be
  • (UK) Q3 Current Account: -£12.8B v -£14.0Be
  • (UK) Q3 Final GDP Q/Q: 0.9% v 1.0%e; Y/Y: 0.0% v -0.1%e
  • (UK) Q3 Final Total Business Investment: Q/Q: 3.8% v 3.7%e; Y/Y: 5.1% v 4.5%e
  • (UK) Oct Index of Services M/M: +0.1% v -0.2%e; 3M/3M: 1.1% v 1.1%e
  • (BE) Belgium Dec CPI M/M: 0.0% v -0.1% prior; Y/Y: 2.2% v 2.3% prior
  • (IT) Italy Dec Consumer Confidence: 85.7 v 85.1e
  • (BR) Brazil Dec FGV Consumer Confidence: 118.7 v 120.0 prior
  • (BR) Brazil Dec FGV Construction Costs M/M: 0.3% v 0.5%e
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Fixed Income
  • (IN) India sold total INR120B vs. INR120B indicated in 2017, 2022 and 203 bonds
  • (DK) Denmark sold total DKK4.7B in 2-month, 6-month bills and 9-month Bills
SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM

Equities

  • FTSE 100 -1% at 5,900
  • DAX -1% at 7,598
  • CAC-40 -0.80% at 3,638
  • IBEX-35 -0.60% at 8,217
  • FTSE MIB -0.90% at 16,253
  • SMI -0.60% at 6,874
  • S&P 500 Futures -1.6% at 1,417


UK Movers

Germany Movers

France Movers

Dutch Movers

Italy Movers

Switzerland Movers

Belgium Movers

Finland Movers

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