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Frontrunning: December 13

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  • Bernanke's Legacy at Fed: Still a Lagging Indicator (Hilsenrath)
  • Republican Keystone, tax cut bill expect to pass on Tuesday (Reuters)
  • Romney Calls on Gingrich to Return Freddie Mac Fees (Bloomberg)
  • The downgrade is almost here: Sarkozy plays down value of triple A status (FT)
  • Spain Yields Still High at T-Bill Sale; Belgium Drops (Reuters)
  • EU veto: Coalition partners seek to lower tensions (BBC)
  • FSA seeks ban on hostile bank buy-outs (FT)
  • Fitch Sees China Home Slowdown as Officials Hold Planning Session (Bloomberg)
  • China to issue first white paper on foreign trade (China Daily)
  • Obama says U.S. will be loyal partner for Iraq (Reuters)

European economic highlights:

  • Hungary Consumer Prices for November 0.7% m/m 4.3% y/y – higher than expected. Consensus 4.2% y/y. Previous 0.7% m/m 3.9% y/y.
  • Sweden Consumer Prices for November 1.1% y/y – higher than expected. Consensus 1.0% y/y. Previous 1.1% y/y.
  • UK CPI for November 0.2% m/m 4.8% y/y. Previous 0.1% m/m 5.0% y/y.

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