Frontrunning: February 4

by Tyler Durden
02/04/2011 08:11 -0500

* Fed Denies Policy Is Causing Food Rises (FT) http://www.ft.com/cms/s/0/5c4aeaea-2fbd ... abdc0.html

* Pressure mounts on Mubarak to go (FT) http://www.ft.com/cms/s/0/cbd6395e-303b ... ftcamp=rss

* Algeria to Lift Limits on Liberty (WSJ) http://online.wsj.com/article/SB1000142 ... 02416.html

* Merkel Turns Crisis into Opportunity to Reshape Euro Zone (Bloomberg) http://www.bloomberg.com/news/2011-02-0 ... unity.html

* And finally, it is mainstream: Rising Commodities Put Profits Through the Wringer (Barrons) http://online.barrons.com/article/SB500 ... BOL_hpp_dc

* Storm Battered Australian Coast (WSJ) http://online.wsj.com/article/SB1000142 ... 58178.html

* Boeing Loses Half of Dubai Aerospace Order for 737-Model Jets (Bloomberg) http://www.bloomberg.com/news/2011-02-0 ... -week.html

* Virginia to Ask Supreme Court to Rule on Health Law (NYT) http://www.nytimes.com/2011/02/04/healt ... ginia.html

* Are the ultra rich starting to spend less: LVMH Falls After 2010 Operating Profit Trails Estimate (Bloomberg) http://www.bloomberg.com/news/2011-02-0 ... mates.html

* Wider Powers For Eurozone Bail-out Fund (FT) http://www.ft.com/cms/s/0/0dce13ee-2fca ... ftcamp=rss

* ECB’s Nowotny Lets ‘Cat Out of Bag’ With 2012 Inflation Forecast (Bloomberg) http://www.bloomberg.com/news/2011-02-0 ... -1-8-.html

* China Eyes U.S. Defense Contracts (WSJ) http://online.wsj.com/article/SB1000142 ... 21144.html

* From 1983, Hope for Jobs in 2011 (NYT) http://www.nytimes.com/2011/02/04/busin ... f=business

* Julius Baer Data Used by WikiLeaks for Assault on Bank Secrecy (Bloomberg) http://www.bloomberg.com/news/2011-02-0 ... crecy.html

European Economic Highlights:

* Italy CPI (NIC incl. tobacco) for January 0.4% m/m 2.1% y/y– higher than expected.Consensus 0.3% m/m 2.0% y/y. Previous 0.4% m/m 1.9% y/y.

* Italy CPI - EU Harmonized for January -1.2% m/m 2.4% y/y– higher than expected. Consensus -1.3% m/m 2.2% y/y. Previous 0.4% m/m 2.1% y/y.

* Switzerland Foreign Currency Reserves for January 207.9B– higher than expected.Previous 202.6B.

* UK Halifax House Price 3Mths/Year -2.4%- higher than expected.Consensus -3.0%. Previous -1.6%

* UK Halifax House Prices sa 0.8% m/m– higher than expected.Consensus -0.3% m/m. Previous -1.3% m/m

* UK New Car Registrations -11.5% y/y. Previous -18.0%.

http://www.zerohedge.com/article/frontr ... bruary-4-0