Reporting news-flow today includes Japanese National CPI & comments from ECB’s Linde and Visco.
Asian equity markets traded mostly higher following strong gains in Europe and US following further speculation of easing by the ECB.
PBoC permitted the first batch of foreign central banks, financial institutions and sovereign wealth funds to enter domestic FX markets. (Financial Express)
Elsewhere in South Korea, they are seeing inclusion into the MSCI Developed Market Index. (Bloomberg)
In the UK, BoE’s Broadbent said that weak credit growth in the UK is extremely striking and he sees faster implied decline in government deficit over the next 2-3 years. (Daily Mail)
FTSE 100 Equity news:
Lloyds (L:LLOY) – Is said to plan an additional 1000 job cuts today. (Sky)
Barclays (L:BARC) – Agreed on a £9mn settlement payment to holders of its ADRs in regards to Libor-rigging claims.
Rio Tinto (L:RIO) – is set to approve $1bn South of Embley bauxite expansion.
Glaxo Smith Kline – reduced its sales force in China by 40% and closed some Chinese unites. (Bloomberg)
Companies paying Dividends today:
Centrica (L:CNA), Weatherspoon.
DAX Equity News:
Volkswagen (DE:VOWG_p) – The exhaust investigation commission have found problems with energy recovery systems in some of the companies vehicles ad recalls are being considered, according to a spokesman. (Bloomberg) The company have been asked by Californian Air Resource Board to draft a recall plan for some 3L automobiles. (Bloomberg) Prosecutors in Ingolstadt are reviewing manipulations and may open a new case against Volkswagen in regards to Audi 3 litre engines. (Bloomberg)
Infineon – Q4 revenue €1.59 Bn vs. Exp. €1.60 Bn and Q4 operating income €322mn vs. exp. €154mn. Forecasted FY segment result margin at 16% and FY revenue rising 13% Y/Y. (Bloomberg)
In the US they are closed today for Thanksgiving holiday.
WTI Crude Oil Futures held on to their gains following the weaker than expected build in US DOE inventories combined with the decline in US oil output.