WORLD MARKET UPDATE- 10 OCT 2011

Frontrunning: October 10

• Belgium to Buy Dexia’s Consumer Unit for $5.4B (Bloomberg)
• New $1.4 Trillion U.S. Stimulus Is in Sight: Douglas Holtz-Eakin (Bloomberg)
• Banks to be forced to boost liquid assets (FT)
• Trichet Reminds U.S. Euro Built to Last (Bloomberg)
• White House Aims to Lure More Foreign Investment (WSJ)
• Fannie and Freddie debt fuels anxiety (FT)
• Merkel and Sarkozy set euro deadline (FT)
• ‘Time short’ for eurozone, says Cameron (FT)
• Former PBOC Adviser: China To Continue Tight Monetary Policy (WSJ)
• BoE’s Weale Says the Bank Has a ‘Lot of Scope’ to Increase Asset Purchases (Bloomberg)
• IMF Plans New Line of Credit to Stem Crisis (WSJ)
• Swiss officials convene bank crisis committee (Reuters)

EuropeanEconomic Update:

• Norway Producer Prices 15.3% y/y.  Previous 12.8% y/y.
• Italy Industrial Production sa 4.3% m/m 4.7% y/y – higher than expected. Consensus 0.2% m/m -2.7% y/y. Previous -0.7% m/m -1.6% y/y.
• Eurozone Sentix Investor Confidence -18.5 – lower than expected. Consensus -18.0. Previous -15.4.
• Sweden Industrial Production 1.3% m/m -1.5% y/y. Previous -2.2% m/m 2.0% y/y.
• Sweden Trade Balance -0.175B. Previous Revised  -0.061B

(SOURCE:http://www.zerohedge.com/news/frontrunning-october-10)