- Spain’s ruling party “satisfied” with Catalonian vote. Willing to discuss Catalan tax worries – Spokesman
- ECB’s Constancio: Euro nations must fix their own imbalances
- More Constancio: ECB expects Spain to apply for aid and trigger OMT
- EU Commission: Sees Spanish budgetary outlook deteriorating in 2014. Expects deficit to widen to 6.4% in 2014
- Italian November consumer confidence 84.8, down from 86.2 in Ooctober. Demonstrably weaker than Reuter’s median forecast of 86.5 and a record low read
- Japan Vice FinMin: Wants Bank of Japan to pursue bold monetary policy. Govt, BOJ have sufficient shared understanding. Yada, yada, yada (getting rather old)
- Hi-tech expansion drives China’s second boom in the hinterland - AEP at The Telegraph
EUR/USD sits at 1.2963, hardly changed from the 1.2955 which greeted me. Robust Eastern European buying helped fuel an early rally, but sell orders were well documented up at 1.2980/00 (‘decent’ at 1.2990/00) ahead of 1.3000 barrier option interest, and it came as no huge surprise when we topped out at 1.2985. From there its been a slow drift lower.
USD/JPY down at 82.02 from early 82.28, EUR/JPY down at 106.35 from around 106.60. BIS was noted selling USD/JPY this morning, Middle Eastern sovereigns selling EUR/JPY.
Sell stops now seen through 81.90 in USD/JPY.
Cable effectively unchanged at 1.6022. That kind of morning
