German eco minister sees no need for additional aid for Eurozone periphery.
- Sees 2012 GDP growth of 0.7%, 2013 growth of 1.6%.
- Sees unemployment rate falling to 6.8% in 2012.
JP Morgan says that Chinese 2012 GDP forecast has been raised to 8.4% from 8.2%.
IMF said to propose boosting its lending resources by $1 trillion USD.
EUR/USD made a new high of 1.28413 following the release; breaking through the prior high of 1.28073. The topside target remains 1.28772.
Swiss ZEW expectations survey (Jan) -50.1 vs -72.0 prior reading.
Sarkozy says “totally determined” on financial transaction tax, has convinced Germany and Spain on it as well.
UK jobless claims change (Dec) 1.2K vs 7.0K expected and 3.0K prior.
Unemployment rate was slightly worse at 8.4% and average earnings index was also slightly worse at 1.9%.

