Overnight Developments
CRB - Tue Nov 14, 6:27AM CST

Dec E-mini S&Ps this morning are down -0.09% and European stocks are down -0.17% on concern about slowing growth in China after China Oct industrial production rose less than expected and China Oct retail sales posted their slowest pace of increase in a year. Losses in European stocks were limited after German Q3 GDP rose more than expected and after the German Nov ZEW survey expectations of economic growth climbed to a 6-month high. Asian stocks settled mostly lower: Japan unch, Hong Kong -0.10%, China -0.53%, Taiwan +0.03%, Australia -0.88%, Singapore -0.59%, South Korea -0.21%, India -0.28%. Chinese stocks fell back on weaker-than-expected economic data on Oct industrial production and retail sales and Japan's Nikkei Stock Index fell to a 1-1/2 week low before recovering as the market consolidates following its sharp rally to a 25-3/4 year high last week.

The dollar index is down -0.25% at 2-week low. EUR/USD is up +0.50% at a 2-week high on stronger-than-expected German Q3 GDP. USD/JPY is up +0.02%.

Dec 10-year T-note prices are up +1 tick.

Dallas Fed President Kaplan said he's "actively considering" a Fed rate hike in Dec.

Eurozone Q3 GDP rose +0.6% q/q and +2.5% y/y, right on expectations.

Eurozone Sep industrial production fell -0.6% m/m, right on expectations.

German Q3 GDP rose +0.8% q/q and +2.3% y/y (nsa), stronger than expectations of +0.6% q/q and +2.0% (nsa).

The German Nov ZEW survey expectations of economic growth rose +1.1 to 18.7, weaker than expectations of +1.9 to 19.5 but still a 6-month high.

China Oct industrial production rose +6.2% y/y, weaker than expectations of +6.3% y/y.

China Oct retail sales rose +10.0% y/y, weaker than expectations of +10.5% y/y and the slowest pace of increase in a year.