- US Equities rose for a third consecutive session on Wednesday led by gains in industrials. This morning, most Asian shares trade in positive territory.
- The Italian parliament gave final approval yesterday to a €54 billion package of austerity measures the centre-right government has put forward to balance the budget by 2013. The package includes a one percentage point hike in VAT and cuts to government spending.
- Belgian coalition negotiators made an important breakthrough yesterday by clearing the hurdle of Brussels-Halle-Vilvoorde, but there remains much work to be done, the leader of the French-speaking Socialist Party said yesterday evening.
- The European Central Bank provided US dollar loans to euro zone banks for only the second time in six months, providing further evidence that euro zone banks are finding it increasingly difficult to borrow, especially in USD. Spanish banks borrowed over 40% more from the ECB in August than a month ago, the highest since September last year.
- The Reserve Bank of New Zealand held its cash rate at a record low level of 2.5%, citing the uncertain and gloomy global outlook, but reiterated that it wants to start tightening if the impact on New Zealand is mild. The NZD weakened initially, but recovered afterwards.
- Inflation expectations among urban Chinese residents rose in the third quarter and most consider consumer prices unacceptably high, according to the results of a central bank survey published this morning.
- Today, the eco calendar is well-filled with both in the euro zone and US the CPI inflation data, the NY and Philadelphia Fed, US industrial production, weekly claims and the UK retail sales. EU Finance Ministers and central bankers speak in Wroclaw and Fed’s Bernanke gives brief comments at a Risk Conference.
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GD Star RatingForex – Commodities – Stocks: Headlines of September 15th,