Good Morning ,

- Shares and euro up on hopes of U.S. "cliff" deal, BOJ easing .

- Asian Markets: Nikkei 225: +1.53%, Hang Seng +0.71%, ASX 200: +0.48% .

- Asian shares and the euro rose to multi-month highs on Wednesday as expectations of more aggressive monetary stimulus from the Bank of Japan and signs of progress in resolving the U.S. "fiscal cliff" budget crisis lifted demand for riskier assets.

- Shinzo Abe, who was elected on Sunday as Japan’s next prime minister, called for the central bank to embark on "unlimited easing" and set an inflation target of 2 percent to beat deflation..Also, S&P’s upgraded Greece’s credit rating to B- with a stable outlook up from selective default.

- The euro rose as far as $1.3256 on electronic trading platform EBS, its highest since the beginning of May, and against the yen it reached 111.73, its highest since late August 2011.

- Greek Credit Rating Raised at S&P After Debt Buyback Program.. The grade was lifted from selective default to B- with a stable outlook and it is the highest Greece has had at S&P since June 2011

- The bond markets have already downgraded Britain’s credit rating. Inflation did not rise in November but it didn’t fall either and that’s by far the more significant conclusion of Tuesday’s latest prices data. This, despite the economy struggling to catch light and at a time when earnings are rising much more slowly than inflation, so keeping consumer spending in check. UK public finances are already the subject of intense scrutiny, with speculation mounting that UK AAA credit rating might be under major threat.

- ECB: Mersch, Constancio Jointly Responsible for Bank Union Project

- ECB’s Praet: Threats of euro exits from countries has vanished.

- Libor scandal : More than 30 UBS bankers 'to be implicated in rate rigging'. Authorities are this week expected to say that more than 30 bankers and managers at Swiss banking giant UBS were involved in the alleged rigging of the key Libor interest rate.

- Economists forecast China 4Q 2012 GDP growth to be around 7.8%. Forecasts for 2013 1Q at 8.2%, 2Q at 8.2%, 3Q at 8.2%.

- World Bank says developing east Asia should grow 7.9% in 2013. Also says China slowdown appears to have bottomed.

-Watch for today: German IFO Business climate, MPC Meeting Minutes in U.K and building Permits in the U.S are the main market movers for today .