Frontrunning: January 3

Submitted by Tyler Durden on 01/03/2012 08:01 -0500

• China
• Germany
• Greece
• Norway
• Reuters
• Switzerland
• Unemployment
• United Kingdom

• Tight race in Iowa kicks off 2012 campaign (Reuters)
• West Is Using Cultural Means to Divide China: Hu (Bloomberg)
• Economists see bleak year ahead (FT)
• Billions needed to upgrade America’s leaky water infrastructure (WaPo)
• Sarkozy, Merkel set bilateral euro talks (WSJ)
• Romney’s hope of Iowa lead in balance (FT)
• Greece: Clinch Bailout or Face Euro Exit (Reuters)
• Euro Break-Up Biggest Threat in 2012: CFOs Survey (CNBC)
• Memo to Eddie Lampert - Dump Kmart (Reuters)

European Economic News

• Germany Unemployment Change for December -22K m/m – lower than expected. Consensus -10K m/m. Previous -20K m/m.
• Germany Unemployment Rate s.a. for December 6.8% - lower than expected. Consensus 6.9%. Previous 6.9%.
• Norway PMI s.a. for December 46.6 – lower than expected. Consensus 48.4. Previous 48.6.
• Switzerland PMI Manufacturing for December 50.7 – higher than expected. Consensus 45.4. Previous 44.8.
• UK PMI Manufacturing for December 49.6 – higher than expected. Consensus 47.3. Previous 47.6.