General

Key News
* China Raises Interest Rates (WSJ)
* German Industrial Output Unexpectedly Falls (Bloomberg)
* China Sells Japanese Government Debt (Bloomberg)
* RBA: ‘Conservative’ Consumers May Contain Inflation Pressure (Bloomberg)
* Brazil Inflation Quickened to Fastest Pace Since 2005 (Bloomberg)
The Event Agenda

Afternoon Run-Down
China raised interest rates this morning for the third time in four months. This move helps China [...]

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Key News
* Global Price Fears Mount (WSJ)
* Davos Forecast: Crowded With a Chance of Optimism (WSJ)
* Trichet: ECB Won’t React to Inflation Jump Unless It Boosts Wages (Bloomberg)
* Japan Pledges to Take Bold Action on Yen If Abrupt Gains Threaten Outlook (Bloomberg)
The Event Agenda

Afternoon Run-Down
A Wall Street Journal interview with ECB head, Jean-Claude Trichet, has [...]

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Key News
* Japan Will Buy Euro-Region Bonds (Bloomberg)
* Bank of Portugal Says Economy Will Shrink (Bloomberg)
* Japan’s Longest Bonds at Lowest Rates Buoy `Edge of a Cliff’ Budget (Bloomberg)
* IMF Says Indonesian Central Bank Should Raise Rates (Bloomberg)
The Event Agenda

Afternoon Run-Down
The dollar is mixed today, gaining against the yen and against the Aussie and New [...]

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Key News
* Eurozone December Inflation Exceeds ECB Target (Bloomberg)
* U.K. Manufacturing Grows at Fastest Pace Since ‘94 (Bloomberg)
* China Vice PM Li Pledges More Purchases of Spain Debt (MNI)
* Inflation Adds to Flood Damage for the Aussie (WSJ)
The Event Agenda

Afternoon Run-Down
Australian, Chinese, Japanese and New Zealand markets remained closed on Monday, and markets remained thin. [...]

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Key News
* North Korea says won’t react to South drill (Reuters)
* French AAA Grade at Risk as Downgrades Sweep Europe (Bloomberg)
* Soros Gold Bubble at $1,384 as Miners Push Buttons (Bloomberg)
* ECB Concerned About Irish Proposals to Stabilize Banks (Bloomberg)
The Event Agenda

Afternoon Run-Down
The euro and pound continue to slip lower after sharp declines on Friday. [...]

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Key News
* Live coverage of the Irish budget (Telegraph)
* China rate rise talk builds as loans and inflation rise (Reuters)
* IMF critical of euro zone crisis management (Reuters)
* EU Rules Out Aid Boost, Banks on ECB to Fight Crisis (Bloomberg)
The Event Agenda

Afternoon Run-Down
The markets are giving the appearance of a return of the “reflation trade.” [...]

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Key News

*ECB Support May Prove `Critical’ for Spain as Crisis Worsens (Bloomberg)
* Japan Showing Risk Economy May Contract (Bloomberg)
* Spanish Banks Face Funding Hurdle Amid Bailout Threat (Bloomberg)
* Now North Korea boasts advances in nuclear program (Reuters)

The Event Agenda

Afternoon Run-Down
Risk premiums in Europe continue to rise this morning. The credit default swaps on Portugal and [...]

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Key News

*Ireland Multi-Notch Downgrade Now Most Likely Outcome (WSJ)
* Thailand in technical recession as Asia growth slows (Reuters)
* S&P downgrades New Zealand outlook to negative (MarketWatch)
* China Inflation `Volcano’ (Bloomberg)

The Event Agenda

Afternoon Run-Down
Ireland made a formal request for financial assistance today from its European neighbors. Estimates are that it will cost in the neighborhood of [...]

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Key News

*Japan’s Cabinet OKs $61 billion economic stimulus (AP)
* Treasury Draws Negative Yield for First Time During TIPS Sale (Bloomberg)
* Sterling rallies after UK GDP, confidence boost from S&P (Reuters)
* U.S. Consumer Confidence Rose in October From 7-Month Low (Bloomberg)

The Event Agenda

Afternoon Run-Down
Yesterday’s knee jerk response from the G-20 meetings was, once again, to sell [...]

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