Eurozone Nov nsa Trade balance +Eur 6.9bln (exp -1.5bln) vs Eur 2.3bln in 2010

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• France To Sell E6.5-8.0 Bn BTANs, E1.0-1.5 Bn Linkers Thurs
• Analysis: EMU Nov SA Exports Hit Record High; Imports Stable
• EMU DATA: November sa trade balance +E6.1bn vs rev…
• Eurozone Nov nsa Trade balance +Eur 6.9bln (exp -1.5bln) vs Eur 2.3bln in 2010
• EUR/AUD’s getting drilled again….
• $50-$200 a barrel range for Crude!
• UK DATA: Nov NSA Construction Output Rises On Month..
• UK Analysis: Nov NSA Construction Output Rises On Month
• UK Analysis: Dec Output Price Inflation Lowest For A Year
• UK DATA: Dec Producer Output Prices -0.2% m/m; +4.8%.
• UK December producer output prices -0.2% m/m, +4.8% y/y
• Exporter EUR/JPY offers moved higher….?
• Talk of large bids at 1.2090 in EUR/CHF………
• Spanish banks borrowed 132.4 bln from ECB in December
• Italian/German 10 year bond yield spread narrowing ahead of auction
• BBK’s Dombret: Little Risk Of Credit Crunch In Germany: Paper
• Italian auction coming down the pike…..
• Asian central bank sells EUR/USD
• Only one thing for it, let’s have a poll!!
• UK North Sea oil, gas output to halt decline trend in 2012 – Wood Mac

France To Sell E6.5-8.0 Bn BTANs, E1.0-1.5 Bn Linkers Thurs Posted: PARIS (MNI) – The French Treasury said Friday it will tap its 3.0% July 2014 BTAN, its 2.0% July 2015 line and its 2.5% July 2016 line for a total of E6.5 billion to E8.0 billion at its regular monthly auction next Thursday at 10:00 GMT. The Treasury will also offer E1.0 billion to E1.5 [...]

Analysis: EMU Nov SA Exports Hit Record High; Imports Stable Posted: Seasonally adjusted results: November: +E6.1 billion October: +E0.5 bln (revised from +E0.3 bln) September: +E2.5 bln (revised from +E2.2 bln) August: -E1.2 bln (revised from -E1.0 bln) July: -E3.6 bln (revised from -E3.1 bln) June: -E2.7 bln (revised from -E2.3 bln) Non-seasonally adjusted results: November: +E6.9 billion October +E1.0 bln (revised from +E1.1 bln) September: [...]

EMU DATA: November sa trade balance +E6.1bn vs rev… Posted: EMU DATA: November sa trade balance +E6.1bn vs October rev +E0.5bn (+E0.3) – EMU October+November avg trade balance +E3.3bn vs 3q avg -E0.8bn – EMU November nsa trade balance +E6.9bn vs November10 -E2.3bn – EMU November exports: sa +3.9% m/m, nsa +10.0% y/y – EMU November imports: sa unch m/m, nsa +4.0% y/y – EMU [...]

Eurozone Nov nsa Trade balance +Eur 6.9bln (exp -1.5bln) vs Eur 2.3bln in 2010 Posted: October balance revised to Eur 1 bln  from  Eur 1.1 bln

EUR/AUD’s getting drilled again…. Posted: We popped up to 1.2421 yesterday afternoon as a strong bout of profit taking took the cross off earlier all time lows of 1.2300. Seems the  sellers are back in the groove this morning after the Asian market extended the rally to 1.2447,  as the pair slips back under 1.2400 again to  1.2379. There is [...]

$50-$200 a barrel range for Crude! Posted: Ex OPEC President Chakib Khelil speaking in a Bloomberg TV  earlier this morning: A closure of the Straits of Hormuz could send oil prices to $150/200, “battering” countries like Greece Conversely a worsening global economy could push prices as low as $50 OPEC could however replace Iranian oil supplies to  Europe and Japan WTI Feb [...]

UK DATA: Nov NSA Construction Output Rises On Month.. Posted: UK DATA: Nov NSA Construction Output Rises On Month ———————————————————————— Non-seasonally adjusted construction output rose slightly on the month in November but calculations by Maket News suggest it is likely to impact negatively on GDP in Q4. Construction output rose 0.2% on the month in Nov following a non-seasonally adjusted drop of 1% in October.

UK Analysis: Nov NSA Construction Output Rises On Month Posted: LONDON (MNI) — Non-seasonally adjusted construction output rose slightly on the month in November but calculations by Maket News suggest it is likely to impact negatively on GDP in Q4. Construction output rose 0.2% on the month in November following a non-seasonally adjusted drop of 1% in October. As the monthly data are non-seasonally adjusted [...]

UK Analysis: Dec Output Price Inflation Lowest For A Year Posted: –Dec Producer Output Prices -0.2% m/m; +4.8% y/y –Dec Core Output Prices -0.1% m/m; +3.0% y/y –Dec Producer Input Prices -0.6% m/m; +8.7% y/y LONDON (MNI) – Output price inflation eased to its lowest level for a year in December as the price of petroleum, chemicals and transport eased during the month, figures from National [...]

UK DATA: Dec Producer Output Prices -0.2% m/m; +4.8%. Posted: UK DATA: Dec Producer Output Prices -0.2% m/m; +4.8% y/y –Dec Core Output Prices -0.1% m/m; +3.0% y/y –Dec Producer Input Prices -0.6% m/m; +8.7% y/y ———————————————————————— Headline output prices fell by 0.2% on the month and were up 4.8% on the year, down from 5.4% in the previous month. This was below the median [...]

UK December producer output prices -0.2% m/m, +4.8% y/y Posted: Weaker than  median forecasts of +0.1%, +5.0% respectively. Lowest y/y rate since December 2010. Core output prices -0.1%, +3.0% respectively.  Weaker than median forecasts flat and +3.2%.

Exporter EUR/JPY offers moved higher….? Posted: …So i’m being told from a major UK bank.  Apparently Japanese car  companies and some other manufacturers have moved their offers in the EUR/JPY up towards 100.00, expecting a near term bounce to the level. May well account for the earlier shove up to 98.80 a few hours ago., when the  previous resistance at 98.50/60 was [...]

Talk of large bids at 1.2090 in EUR/CHF……… Posted: We’re down near the day’s lows  of 1.2095 , and there’s been a lot of rumblings about the peg this morning apparently eminating from the bond markets. Talk that SNB is set to raise the peg again to 1.3000 from one corner, with the other rumour that it’s going to be withdrawn!. Either way there [...]

Spanish banks borrowed 132.4 bln from ECB in December Posted: Up sharply from 106.3 bln in November. Only just below the 140 bln record high hit back in July last year

Italian/German 10 year bond yield spread narrowing ahead of auction Posted: Some optimism there then Spread down to 464 bps from the 479 I jotted down first thing.

BBK’s Dombret: Little Risk Of Credit Crunch In Germany: Paper Posted: FRANKFURT (MNI) – There are no signs of an excessive reduction in bank lending in Germany, but German banks could be affected via their operations and commitments in southern and eastern Europe, where risks of a credit crunch are much higher, according to Bundesbank board member Andreas Dombret. “In peripheral countries like Italy and Spain, [...]

Italian auction coming down the pike….. Posted: Italy taps its on-the-run 6.00% November 2014 BTP for 2-3 bln euros and off-the-run 4.25% July 2014 BTP  and 4.50% August 2018  BTP issues for between 1-1.75 bln. Results due around 10:10 GMT.

Asian central bank sells EUR/USD Posted: Above 1.2870. We’ve been as high as 1.2878, presently at 1.2863. Best they get out of the road, we’ve got a ForexLive poll to get right here

Only one thing for it, let’s have a poll!! Posted: EUR/USD sits at 1.2862, effectively unchanged from when I parked my bum. So, what’ll we see first in EUR/USD 1.2750 or 1.2950?

UK North Sea oil, gas output to halt decline trend in 2012 – Wood Mac Posted: Gas production could rise this year, oil to be stable North Sea oil, gas boom could add 5.5 bln in UK tax revenues New UK engineers will be needed in next 3-6 months for oil, gas projects Reuters reporting.