Nothing Meaningful to Report this Day Before Xmas

December 24, 2012

Most markets were either closed or closed early this Christmas Eve.  The U.S. Congress will return on Thursday.

Japan observed the Emperor’s Birthday holiday.

The dollar and yen are a little softer.  The U.S. currency edged up 0.2% against the yen but is down 0.4% relative to the euro, 0.3% versus the Swiss franc, 0.2% against sterling and 0.1% versus the Canadian and Australian dollars.  The dollar firmed 0.1% against the kiwi and yuan.

Chinese and Filipino share prices rise 0.4% and 0.5%.  Other bourses in the Pacific Rim have changed 0.3% or less.  European exchanges are quite too.

Gold and oil prices have firmed 0.2% to $1664.00 per ounce and 0.1% to $88.73 per barrel.

The 10-year British gilt yield ticked up a basis point.

Incoming Japanese Prime Minister Abe threatened to pass legislating the BOJ to adhere to a 2% inflation target if the central bank doesn’t show the initiative to adopt such a target on its own.

Japanese and Chinese markets will be open tomorrow.  Just about everything else will be closed.

Britain’s Hometrack house price index dipped 0.1% on month and 0.3% on year in December, matching its November movements.

Consumer price inflation in Singapore fell more than expected to a 25-month low of 3.6%.  The CPI ticked 0.1% higher on month.

Taiwanese industrial production growth in November accelerated to a 5.85% 12-month increase.  That’s the largest gain since February and up from 4.84% in the year to October.

                                                                   —Wishing everyone peace—

Copyright 2012, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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