More Davos drivel…
- Yield spreads overshooting sovereign risks; may do so for some time
- Fiscal consolidation necessary; may cause short contraction
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Draghi blames crisis on serious regulatory flaws
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- In-line CPI report leads to a blockbuster day for US stock markets
- US November NFIB small business optimism index 101.7 vs 94.2 expected
- US stocks open higher led by the NASDAQ index
- USD/JPY sent for a spin but now moving higher as BOJ rate hike odds fade
- USD/JPY looks to US CPI report to potentially break ping pong range
- Brazil's central bank hikes rate to 12.25% (from 11.25% and vs. 12% expected)
- ForexLive European FX news wrap: USD/JPY sticks with the early bounce, ADP up next
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