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Update: ECB: See Slight 1Q Tightening Of Credit Standards

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--Adds Comments On Demand For Credit, Background On Banking System FRANKFURT (MNI) - Eurozone banks see a very slight net tightening of credit standards in all loan categories in this quarter, the European Central Bank's quarterly Bank Lending Survey showed Thursday. ...

ECB: Banks See Slight Net Tightening In 1Q Credit Standards

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FRANKFURT (MNI) - Eurozone banks see a very slight net tightening of credit standards in all loan categories in this quarter, the European Central Bank's quarterly Bank Lending Survey showed Thursday. At the same time the banks expect to see ...

A polite round of applause for the sign of the black horse

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Good old LLoyds. Their EUR/GBP sell recommendation at 8660 yesterday seems to be going rather well. Cross down at .8585 from early .8620, after having been given a good whack by a large US commercial bank this morning. Lloyds initial target of .8544 not a million miles away. Boy it takes ...

Germany: Brandenburg And Hesse January CPI Both Down 0.5% M/M

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Brandenburg CPI January -0.5% m/m, +1.5% y/y December: +1.1% m/m, +1.4% y/y --- Hesse CPI January: -0.5% m/m, +1.6% ...

Fitch: Japan’s ratings supported by ability to fund itself at low yields

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Ageing population in Japan, savings drawdown threat to funding conditions in medium term Japan needs fiscal consolidation strategy to offset negative pressures Focus on 2011 on whether Japan political situation leads to progress in fiscal consolidation Signs Japan's fiscal strategy was drifiting would put downward pressure on ratings

Irish/German 10 year govt bond yield spread widens to 592 bps, 15 bps wider on day

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Belgian/German 10 year govt bond yield spread widens to 106 bps. 6 bps wider on day

Japan FinMin Noda: Must convey message that will keep fiscal discipline to win market confidence

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Won't comment on forex moves after S&P downgrade

S&P says downward pressure on Japan ratings could ease if social security, tax plan signals reform

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But on the otherhand, pressure for further downgrades if government debt increases or fiscal restructuring postponed USD/JPY sits at 82.85, down from session high 83.20, Japanese exporters seen selling into spike rally. Someone should probably suggest they vacate the premises, and then they'd most probably get even better levels to do their ...

Spanish government says has reached preliminary agreement with unions on pension reform

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EUR/USD back up at 1.3660 from session low 1.3638.

Germany: Saxony Jan CPI -0.5% M/M; Below Pan-German Forecast

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Saxony CPI January: -0.5% m/m, +1.9% y/y December: +1.2% m/m, +1.8% y/y --- Pan-German CPI MNI median forecast: -0.4% m/m, +2.0% y/y MNI forecast range: -0.6% to -0.2% m/m December: ...

S&P cuts Japan rating to AA- from AA; outlook stable

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USD/JPY spikes higher, presently at 82.95. S&P says downgrade of Japan government debt rating reflects view government debt ratio to keep rising.

FRANCE DATA: Jan consumer morale 85; Dec 86……….

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FRANCE DATA: Jan consumer morale 85; Dec 86 -- Buying-propensity down two points -- Future inflation worries up three points -- Jobless fears up two points -- For more information, please see MNI Newswires

Pop goes the weasel, then profit taking

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Well quite the battle there for a while. Another barrier falls by the wayside. Well documented 1.3725 barrier interest now passes into the annals of history, like so many that have gone before. As is fairly usual, those who pushed to take out the barrier have been quick to book ...

Makoto Utsumi: “What I can say for sure is the yen has hit its’ peak”

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Wow, ballsy or what? Unfortunately, don't know what his track record as a forex forecaster is like. In an interview with Dow Jones, Mr Utsumi (Japan's vice finance mininster for international affairs between 1989 and 1991) said "What I can say for sure is the yen has hit its peak" adding ...

Reuters/IPSOS Mori poll shows Labour on 43%, Conservatives 33%, Liberal Democrats 13%

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Poll shows support for the Labour oppostition has surged to a 3 year high. Conservatives' popularity is suffering as gloom surrounding the economy deepens. That's what we need. Get the Labour Party back into power. Well they did such a bang-up job last time, didn't they?

George Soros says UK risks slipping back into recession

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George Osborne's austerity budget will push the UK back into recession unless the Government eases up on spending cuts, billionaire investor George Soros has warned.

EUR/USD unchanged during lacklustre Asian trade

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EUR/USD sits at 1.3705, effectively unchanged from Wednesday's North American close. Euro zone data due today: German CPI for January (provisiona)l expected -0.3% Guess we better take a little bit of notice of the price data, given all the recent hoopla regarding possible early ECB rate hike (don't hold your breath) 10:00 GMT: ...

ForexLive Asian market wrap: FX market very quiet

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RBNZ left rates unchanged and a poll of leading economists expect them to stay on hold until mid-year at least Japan's December trade surplus much higher than expected at JPY728 billion UK economy saw weak jobs growth in retail industry in Q4: BRC Hometrack say UK house prices fell for 7th consecutive month British ...

US DATA: RealtyTrac has released its year-end 2010…

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US DATA: RealtyTrac has released its year-end 2010 U.S. metropolitan foreclosure market report. Says the foreclosure filings in U.S. metro areas totaled 2,871,891 by year-end 2010, +1.7% vs '09. More on MNI Main Wire.

Gold: Physical buying providing a base

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The physical buying which we've been talking about between $1320/40 has managed to provide a base for Gold in the short term. This buying is expected to remain firm for the next few days but will start dropping off after the Chinese New Year on Feb 3rd. Gold is up ...

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