Europe News update

Frontrunning:October 11

• New bankruptcy ripples may emerge in tough economy (Reuters)
• Europe’s banks may get €200bn bailout (Independent)
• US to unveil criteria for picking “systemic” firms (Reuters)
• China Props Up Bank Shares (WSJ) as reported yesterday
• Europe warned of systemic crisis over debt (Reuters)
• US Voters Will Weigh Ballots Focused on Budgets, Higher Taxes (Bloomberg)
• Regulators stand up for new capital rules (FT)
• Jobs Panel Pushes Help for Start-Ups (WSJ)
• Dutch favour tough stance for Eurozone (FT)
• BIS Report Aims to Debunk Banks’ Criticisms on Capital Rules (WSJ)
• Trichet Sees ‘Systemic’ Risk as Greek Writedowns Divide EU (Bloomberg)
• China Adds to Japan Debt Again After 10 Months (Bloomberg)
• What the Occupy Wall Street crowd should be saying (Reuters)

Europeaneconomic highlights:

• UK Manufacturing Output for August 0.01%m/m 1.8%y/y. Previous 0.1% m/m 2.0% y/y.
• UK Industrial Production for August 0.1%m/m -0.9% y/y. Previous -0.2% m/m -0.7% y/y.
• UK Trade Balance for August -4.5bn. Previous -4.45bn.
• UK Trade in Goods for August 8.8bn m/m. Previous 8.92bn m/m.
• UK DCLG House Prices for August -1.3%. Previous -1.5%.
• Sweden Consumer Prices for September 1.5% y/y - in line with expectations. Consensus 1.5% y/y. Previous 1.6% y/y.

(Source: http://www.zerohedge.com/news/frontrunning-october-11)