MORNING BRIEFING: Return of risk appetite continued to rise in the Tokyo Stock Exchange.

[RTFX-Trading]

MORNING BRIEFING: Return of risk appetite continued to rise in the Tokyo Stock Exchange.

What’s new:
France: unemployment rate stabilizes in Q3.
Japan: Tokyo Stock Exchange ended 3.84% higher.
United States: BofA wants to quickly repay the $ 45Mrds of TARP.
Japan: towards a new stimulus plan 20'000Mrds Yen.
United States: 169'000 jobs lost in the private sector.

Today:


Rates in Asia and Indices:
EURUSD: 1.5127 - 1.5042.
USDCHF: 1.0021 - 0.9966.
EURUSD: 1.6721 - 1.6627.
EURJPY: 132.79 - 131.44.
USDJPY: 87.91 - 87.36.
Dow Jones: -10'452 0.18%.
NASDAQ: 2,185 +0.42%.
S & P 500: 1'109 +0.03%.
Nikkei: 9'977 +3.84%.
Shanghai: 3'235 1.04%.
Gold: $1,213.
Crude oil: $76.78.

Comments:
The Dollar had little reaction to the ADP report on employment in the United States, the private sector lost 169'000 jobs in November, nearly 30,000 fewer than in October.

Market research shows risk appetite this morning following a sharp rise in Japanese stock market of 3.84% last night, the falling Yen and the opening of capital from Mitsubishi Motors by PSA Peugeot-Citroen are the two main causes. Mitsubishi Motors has appreciated by 13.45%. The repayment of the $ 45Mrds TARP Bank of America also reassures investors.

The morning should remain somewhat volatile, the market awaits the rate decision from the ECB at 13:45 CET, followed by the traditional press conference with Jean-Claude Trichet to 14:30 CET. News on the end or reduction of the recovery plans are expected.

Have a good day.

Nicolas Longchamp
RTFX Ltd
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