Schedule for today, Thursday, Dec 15'2011:

02:30 China HSBC Manufacturing PMI December 47.7

08:00 France Services PMI December 49.6 49.2

08:15 Switzerland Industrial Production (QoQ) Quarter III 3.6% -0.7%

08:15 Switzerland Industrial Production (YoY) Quarter III 2.3% 0.0%

08:30 France Manufacturing PMI December 47.3 47.1

08:30 Switzerland SNB Interest Rate Decision 0 0.00%-0.25% 0.00%-0.25%

08:30 Germany Purchasing Manager Index Manufacturing December 47.9 47.6

08:30 Germany Purchasing Manager Index Services December 50.3 50.1

09:00 Eurozone ECB Monthly Report December

09:00 Eurozone Purchasing Manager Index Manufacturing December 46.4 46.1

09:00 Eurozone Purchasing Manager Index Services December 47.5 47.1

09:30 United Kingdom Retail Sales (MoM) November 0.6% -0.2%

09:30 United Kingdom Retail Sales (YoY) November 0.9% 0.4%

10:00 Eurozone Harmonized CPI November 0.3% 0.1%

10:00 Eurozone Harmonized CPI, Y/Y November 3.0% 3.0%

10:00 Eurozone Harmonized CPI ex EFAT, Y/Y November 1.6% 1.7%

11:00 United Kingdom CBI industrial order books balance December -19 -20

11:25 Eurozone ECB President Mario Draghi Speaks 0

13:30 U.S. PPI, m/m November -0.3% 0.3%

13:30 U.S. PPI, y/y November 5.9% 5.9%

13:30 U.S. PPI excluding food and energy, m/m November 0.0% 0.2%

13:30 U.S. PPI excluding food and energy, Y/Y November 2.8% 2.8%

13:30 U.S. Initial Jobless Claims 10/12/2011 381 389

13:30 U.S. Current cccount, bln Quarter III -118 -108

13:30 U.S. NY Fed Empire State manufacturing index December 0.61 3.1

14:00 U.S. Total Net TIC Flows October 68.6 53.4

14:00 U.S. Net Long-term TIC Flows October 57.4

14:15 U.S. Industrial Production (MoM) November 0.7% 0.3%

14:15 U.S. Capacity Utilization November 77.8% 77.9%

15:00 U.S. Philadelphia Fed Manufacturing Survey December 3.6 5.1