Tuesday, December 07, 2010

Quick Overview

  • US stocks lost gains late in the session after rallying for most of the day on the back of the extension of the Bush tax cuts.

  • YoY Bank lending in Japan fell 2.1% in November, marking the 12th successive month of decline.

  • YoY Japan's current account surplus rose 2.9 % in October to 1,436.2 billion yen (17.20 billion U.S.)

  • MoM Japan's core machinery orders declined 1.4% in October

  • The American shipping community - and its customers - praised the US and South Korean governments for reaching consensus on a new free trade deal, and said they look forward to enjoying its benefits once ratified.

  • ETF Securities says it has approval from European regulators to launch three physically backed metals ETF’s. Expected to begin trading Friday in London, the ETF’s specialize in copper, nickel and tin.

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