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• Ifo:Germany’s Business Morale Hits New Series High In January
• UK Analysis: Retail Sales Fall At Record Pace In December
• UK December retail sales -0.8% m/m, flat y/y. Weaker than expected
• BOE Data: Dec Mortgage Approvals, Lending Hit New Lows
• UK DATA: Dec Retail Sales inc. fuel -0.8% m/m; unch..
• Fitch: Slippage on Spanish fiscal targets seen as a ratings trigger
• Ifo economist Abberger: German manufacturing is now completely out of the crisis
• Eurozone Fin Mins Want Cash Contribution To EFSF: Press
• German Ifo business climate index 110.3 in January
• Germany Seeks Bids On E3 Bln New 12-Mon Bubills; Sale Jan 24
• USD/JPY slips lower; notable seller seen
• Choppy trading continues in EUR/USD
• Middle Eastern buying lending EUR/USD renewed support
• Talk EUR/CHF stops through 1.3060
• Spain could change law to make investment in savings banks easier – FROB
• FRANCE DATA: January mfg sentiment 108 vs December…
• ACB sells EUR/USD
• Spain to force all saving banks to become banks and float on stock exchange – source
• EUR/USD ticks higher as Europe settles in
• Rpt: UK Data Preview: Retail Reports Point to Weak Dec Sales

Ifo:Germany’s Business Morale Hits New Series High In January Posted: January MNI analysts survey December November ...

UK Analysis: Retail Sales Fall At Record Pace In December Posted: --Dec Retail Sales inc. fuel -0.8% m/m; unch. y/y --Dec retail sales ex fuel -0.3% m/m; +1.0% y/y LONDON (MNI) - Retail sales declined at their fastest pace for more than twenty years for a December, as food sales were hit by cold weather and rising prices, ...

UK December retail sales -0.8% m/m, flat y/y. Weaker than expected Posted: Median forecasts -0.3% and +0.9% respectively. Weakest m/m and y/y readings since January 2010. ONS says fall in food and fuel sales gives weakest December y/y sales growth since records began in 1998. Harsh winter and rising prices factors. (Told you everyone I know was cutting back on using their cars ...

BOE Data: Dec Mortgage Approvals, Lending Hit New Lows Posted: --BOE Major Lenders Dec Mortgage Approvals 40,000 v 45,000 Nov --BOE Nov Net Business Lending Flow stg1.3bn vs -stg2.8bn Oct --BOE Dec Mortgage Approvals Lowest Since March 2009 --BOE Dec Net Mortgage Lending stg0.8bn vs stg1.4bn Nov ...

UK DATA: Dec Retail Sales inc. fuel -0.8% m/m; unch.. Posted: UK DATA: Dec Retail Sales inc. fuel -0.8% m/m; unch. y/y --Dec retail sales ex fuel -0.3% m/m; +1.0% y/y ------------------------------------------------------------------------ Retail sales inc fuel fell 0.8% m/m in Dec and were unchanged on the year, below the median for a decline of 0.3% m/m and rise of 1.1% on the year. Ex ...

Fitch: Slippage on Spanish fiscal targets seen as a ratings trigger Posted: Uncertainty regarding scale of Spanish bank problems Larger than expected Spanish bank recapitalization costs seen as ratings trigger My mate calls them "veiled threats" I'd add "thinly" Regarding Portugal: Loss of market access seen as rating trigger for Portugal

Ifo economist Abberger: German manufacturing is now completely out of the crisis Posted: Manufacturing upbeat on foreign business prospects, want to hire new staff Euro crisis not really having an impact on companies Oil price risk should not be ignored, does not see any widespread inflation at present

Eurozone Fin Mins Want Cash Contribution To EFSF: Press Posted: BERLIN (MNI) - The six main contributing countries to the European Financial Stability Facility (EFSF) want to see a stronger engagement of those states which don't have an 'AAA' credit rating, the German business daily Financial Times Deutschland (FTD) reported Friday, citing non-identified Eurozone finance ...

German Ifo business climate index 110.3 in January Posted: Stronger than median forecast of 109.9. Well the rumour seems to have been borne out. Not that euro has benefited overly. Quick move to 1.3566 before slip back to 1.3545. Guess those who bought on the rumour happy to book some early profits. What's that phrase "buy the rumour, sell the ...

Germany Seeks Bids On E3 Bln New 12-Mon Bubills; Sale Jan 24 Posted: FRANKFURT (MNI) - The German federal government is seeking bids for a E3 billion sale of new 12-month bubills, the Bundesbank confirmed Friday. Bids are due by 1000 GMT on Monday, January 24. The announcement of the auction results will ...

USD/JPY slips lower; notable seller seen Posted: USD/JPY down at 82.75 from around 82.90 when I arrived. French car company notable seller this morning.

Choppy trading continues in EUR/USD Posted: Quite a battle going on in EUR/USD this morning, the euro bulls holding sway so far, supported by assorted sovereign buying. There are also rumours of a strong Ifo report. And the Spanish news regarding Cajas is being seen as a euro positive. We're at 1.3533 having been as high as 1.3556 ...

Middle Eastern buying lending EUR/USD renewed support Posted: Middle Eastern sovereign buying has been noted in recent trade and we're back up at 1.3545.

Talk EUR/CHF stops through 1.3060 Posted:

Spain could change law to make investment in savings banks easier – FROB Posted: State-backed fund could grant temporary support to help banks raise private funds Sate-backed fund could provide funds directly in last instance

FRANCE DATA: January mfg sentiment 108 vs December… Posted: FRANCE DATA: January mfg sentiment 108 vs December 102 (103) -- Execs' own-company outlook 16 vs December 13 (8) -- Above expected; MNI analysts survey median forecast 101 -- Sector production outlook 10 vs December 10 -- No consensus of analysts available -- For more information, please see MNI Newswires

ACB sells EUR/USD Posted: Cheeky blighter. Nothing like booking some nice profit. We got as high as 1.3532, presently back at 1.3505. Anyone would think there were sell orders up at 1.3530/50.

Spain to force all saving banks to become banks and float on stock exchange – source Posted: Government would buy stakes in Cajas if no interest from private investors

EUR/USD ticks higher as Europe settles in Posted: EUR/USD has moved up over 1.3500 as European trading gets underway. We're presently at 1.3505. Barrier option interest at 1.3550, so no great surprise to hear sell orders gathered up at 1.3530/50. Now just a case of accertaining where the buy stops are gathering. Buy orders clustered 1.3440/50, sell stops below there. UPDATE: ...

Rpt: UK Data Preview: Retail Reports Point to Weak Dec Sales Posted: --Repeats Item 1st Transmitted At 1621 GMT Thursday LONDON (MNI) -Last week's blizzard of trading statements from major UK retailers points to official UK December sales data coming in fairly weak on the year as exceptionally cold weather undermined consumer activity. ...