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    ECB’s Noyer:Bank Stress Tests Should Broader,Better Prepared

    Posted:

    PARIS (MNI) - The next round of stress tests for Eurozone banks should be comprehensive and broad-based, European Central Bank Governing Council member Christian Noyer indicated Wednesday. Speaking to the Senate Finance Committee here, the governor of the Bank of ...

    UK Analysis: Dec Global Goods Deficit Hits Record High

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    --Dec global goods deficit Stg9.247bn vs Stg8.46bn in Nov --Dec global goods/services deficit Stg4.831bn vs Stg3.947bn in Nov --Dec global goods deficit ex oil/erratics Stg8.175bn vs Stg7.382bn Nov --Dec global goods deficit median forecast Stg8.7bn; total Stg4.0bn LONDON (MNI) -- The UK's trade in goods deficit widened to a ...

    German DIHK survey raises 2011 GDP forecast to 3.0%

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    From previous 2.4%. Energy and raw materials prices are the strongest risk to growth in coming 12 months Firms see current conditions as improved in January vs in October 34% of firms see improvement in business expectations, 56% see same, 10% see worse DIHK sees unemployment falling to 2.9 mln in 2011 from 3.2 ...

    UK DATA: Dec global goods deficit Stg9.247bn vs in…

    Posted:

    UK DATA: Dec global goods deficit Stg9.247bn vs Stg8.46bn in Nov --Dec global goods/services deficit Stg4.831bn vs Stg3.947bn in Nov --Dec global goods deficit ex oil/erratics Stg8.175bn vs Stg7.382bn Nov --Dec global goods deficit median forecast Stg8.7bn; total Stg4.0bn ------------------------------------------------------------------------ The global goods deficit widened sharply in Dec to a record Stg9.2bn, wider than the ...

    UK December visible trade balance -£9.247 bln

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    So the chatter was correct. Biggest deficit on record. Cable unmoved, presently at 1.6080. Go figure.

    ECB Noyer: EFSF Shld Be Enhanced To Make Entire Sum Available

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    PARIS (MNI) - The European Financial Stability Facility should be enhanced so that all of the existing E440 billion is available for Eurozone governments facing market pressure on their borrowing rates, European Central Bank Governing Council member Christian Noyer said Wednesday. ...

    Central bank sells cable

    Posted:

    In recent trade. Don't know from what locale. We're at 1.6080 having reached session high 1.6100 earlier. Some mutterings of worse than expected UK trade data. We've only got 5 mins till release, so not long to wait to see whether chatter has any validity. Forecasts for December visible trade -£8.6 bln. ...

    ECB’s Noyer: It would be “good” if we could increase the EFSF to 440 bln euros originally announced

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    Basel III liquidity ratios have some faults in definition of liquid assets

    Pakistani cabinet ministers tender resignation to PM – Officials

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    Pakistani cabinet dissolved to deal with economic problems Spokeswoman for the ruling party said move was made "to deal with the economic reality of Pakistan" adding "it's necessary to have a smaller cabinet at this time."

    UK govt, banks close to agreement on lending and bonuses; aiming to announce deal Wednesday – Sources

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    Banks agree to increase gross business lending to about 190 bln, more pay disclosure of top earners Can't see either having a large impact on sterling. Maybe marginally positive. EUR/GBP sits at .8477, off a whole 10 pips from where it was when I started.

    AUD/USD gives ground

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    Hedge fund selling being noted. We're down at 1.0110. Talk of limited sell stops below 1.0100.

    EU and IMF mission to review performance on bailout – Irish Times

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    "There is tentative concern among certain European officials about 'slippage' in elements of the bank restructuring process. " Oh-eh. EUR/USD sits at 1.3645, exactly where it was when I arrived about 3 hours ago.

    UK govt has reached deal with banks to boost lending, curb bonuses – Sky News

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    European stocks marginally easier early

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    FTSE down 0.3%, DAX down 0.1%, CAC 40 down 0.2%.

    FRANCE DATA: France execs see 2011 mfg investment up.

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    FRANCE DATA: France execs see 2011 mfg investment up 14% y/y vs +9% in October, INSEE reported on Wednesday, citing its investment survey. -- France industry investment survey conducted in January by INSEE -- For more information, please see MNI Newswires

    French 2011 industry investment seen up 14%, 2010 investment down 2% – INSEE survey

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    Military talks between two Koreas “have collapsed” – S.Korea Unification Minister

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    German December trade surplus s.a 14.0 bln

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    Better than median forecast 12.0 bln. Exports +0.5% m/m, imports -2.3% m/m. Current account 17.6 bln, better than median forecast 14.0 bln.

    GERMANY DATA: The German trade surplus surprised to..

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    GERMANY DATA: The German trade surplus surprised to the upside, rising to E13.9 billion in December, while figures for at least six months back were revised upwards, the Federal Statistical Office reported on Wednesday. -- Germany December sa trade surpl +E13.9bn; November rev +E11.9bn (+E11.8) -- Germany December nsa trade surplus +E11.9bn; November ...

    EUR/USD very marginally firmer during Asian trade

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    EUR/USD up at 1.3645 from a North American close Tuesday down around 1.3630. Interesting to see sell orders mentioned yesterday up at 1.3680/00 have so far capped the topside. Got to figure some lumpy buy stops lined up not far north of that sell interest. Interested to read Sean's comment about talk of euro buying ...

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