• German business sentiment data improved in December, according to Ifo. Market expectations had been for a decline. The news offers some hope that Europe’s largest economy can avoid recession into the first quarter on next year. From Reuters News.
• Spain successfully auctioned 3 month paper as the ECB prepared its tender today for banks to borrow 3 year funds at its benchmark rate. The yield was 1.7%, down from 5.11% in the November 22 auction. From Reuters News
• Japan’s finance minister, Jun Azumi, suggested that his country should consider purchasing Chinese government bonds in an effort to be a better neighbor. It’s more about spreading it’s currency reserve purchases, and driving tighter financial cooperation with China. From the Wall Street Journal.
• After AT&T is forced to abandon its bid for Deutsche Telekom’s T-Mobile USA the company is left with few options to add spectrum as its rivals integrate key additions. AT&T needs to figure out a way to fix its wireless coverage and performance. From Bloomberg News.