- Sees the medium and long term outlook as more positive than short term outlook as energy and food prices are negatively affecting consumption and consequentially, GDP
- Remarks that German does not need an economic stimulus

Euro Macro sector headlines

• Today 02:22am
  iTraxx crossover index narrows by 10bps to 995bps, iTraxx Europe Index seen relatively unchanged at 192bps
  
• Today 01:55am
  (SZ) Swiss Regulators: Craft new maximum leverage ratios of financial institutions- New targets to be enforced from 2013 - Aim to make financial system more resilient to shocks
  
• Today 01:45am
  *(SZ) SWISS Q3 GDP M/M : 0.0% V 0.0%E; Y/Y: 1.6% V 1.7%E- Prior M/M revised from 0.4%. to 0.3% - Prior Y/Y revised from 2.3% to 2.6%
  
• Today 01:15am
  (PD) Polish Central Banker Pietrewicz: MPC should maintain easing cycle; further decisive steps are needed- Unsure if joining ERM2 is a good move now - Says key rate at 4% at the end of 2009 is more...
  
• Today 01:01am
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