MORNING BRIEFING: The debt of Greece and other countries weighed on the Euro

[RTFX-Trading]

MORNING BRIEFING: The debt of Greece and other countries weighed on the Euro

What’s new:
United States: Wells Fargo will pay the $25Mrds of TARP.
Euro Zone: 0.50% decline of employment in Q3, -2.10% over a year.
Euro Zone: 0.60% decline of industrial production in October.
Switzerland: PPI index down 3.30% in November over a year.

Today:


Rates in Asia and Indices:
EURUSD: 1.4663 - 1.4588.
USDCHF: 1.0369 - 1.0311.
EURUSD: 1.6319 - 1.6252.
EURJPY: 130.38 - 129.82.
USDJPY: 89.13 - 88.58.
Dow Jones: 10'501 +0.28%.
NASDAQ: 2'212 +0.99%.
S & P 500: 1'114 +0.70%.
Nikkei: 10'083 -0.22%.
Shanghai: 3'275 -0.84%.
Gold: $1,124.
Crude oil: $69.83.

Comments:
The rescue of Dubai has reassured the market about the risk of contagion. Investors, however, remain attentive to the situation in Dubai, because the burden of debt has not completely disappeared. The US stock markets have reached their highest level in over a year, but the market is cautious ahead of the meeting of the FOMC by the US Federal Reserve and of the figures to come today with the German ZEW index, the index of consumer prices in the United Kingdom and the United States, followed by the net capital inflows and industrial production.

The concerns of the debt of Greece and other countries in the Euro Area continue to weigh heavily on the single currency. The expansion of the budget of Russia also worries the IMF.

Have a good day.

Nicolas Longchamp
RTFX Ltd
Head Office
The Cornerstone Complex, 16th September Square | Mosta MST 1180 | Malta
Tel:  +356 23 31 00 00
Fax: +356 21 41 24 58
Web: www.rtfx.com

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