Spanish bond auction excedes expectations
Spain sell EU10 Bln of notes vs target of EU5 Bln
Eur/Usd up to 1.2740 on news.
UK Manufacturing & Industrial Production weaker than expected
Manufacturing Production came in at -0.2%, weaker than the 0.0% expected.
Industrial Production came in at -0.6%, weaker than the 0.1% expected.
Gbp/Usd is off slightly to 1.5398.
Japan’s Azumi says he is ready to take various action on yen
* Concerned with trade deficit
* There are times when yen strays from fundamentals
Usd/Jpy trades at 76.95.
Fitch’s Riley says France is the weakest AAA country in Europe based on deficit and debt
This coming after economic data out of France;
Current Account Deficit at 2.3 Bln Euros in november
Budget Deficit at 97.2 bln euros in November
German Final CPI remains at 0.7%, as expected
Eur/Usd gained 10 points to 1.2722 since release.
Japan’s Economy Watchers Sentiment slightly stronger than expected 47.0 vs. 46.3
Usd/Jpy trades at 76.85.
1-12 Economic Calendar
Fitch’s Riley says ECB must do more to prevent cataclysmic Euro collapse
Eur/Usd made new lows, trading down to 1.2694


