China foreign-investment inflows show 12th decline in 13 mths

Good Morning ,

- Currency’s trade in a very narrow range , Eur/Usd in 1.3155-1.3177 level .

- Asian markets : Japan's Nikkei +0.96% , China's Shanghai -0.11% , Hong Kong's Hang Seng -0.17% , Korea's Kospi +0.51% and Australia's ASX 200 rose +0.48% .

- David Cameron has broken new ground on Europe by suggesting British withdrawal from the EU is "imaginable", aligning himself with the fiercely Eurosceptic Boris Johnson. The prime minister stressed that he supported membership of a reformed EU, though he said Britain was "in charge of our own destiny".

- IMF Releases $1.17 Billion to Ireland After Bailout Review. The International Monetary Fund disbursed a fresh $1.17 billion to Ireland on Monday, approving the country's progress under its two-year-old rescue program. "Ireland's steadfast policy implementation has continued even as growth has slowed in 2012. The 2012 (fiscal shortfall) should be comfortably within the 8.6% deficit target despite health overruns and higher social welfare spending owing to high unemployment," the IMF said.

- Draghi: ECB bank oversight will revive confidence, lending . New European Central Bank powers to oversee euro zone banks will help restore confidence in the sector and revive interbank lending, its president, Mario Draghi, said on Monday. European ministers clinched a deal last week to give the ECB powers to supervise the currency bloc's banks from March 2014, taking the first step in a new phase of integration to help underpin the euro .

- Buba: Germany's Economic Weak Phase Could be Over Soon

- China foreign-investment inflows show 12th decline in 13 mths . Foreign direct investment in China fell for the 12th time in 13 months, suggesting the nation’s economic-growth rebound has yet to attract a fresh influx of capital spending from abroad. Investment dropped 5.4 percent in November from a year earlier to $8.29 billion, the Ministry of Commerce said in Beijing today. FDI inflows in the first 11 months of the year fell 3.6 percent to $100 billion .

- RBA : Minutes data released over the past few months suggested that global economic conditions had, on balance, been a little more positive after weakening earlier in the year. Members noted that a range of data on the Chinese economy suggested that growth there had stabilised. Fiscal policy easing, including support for infrastructure spending, and improved conditions in the residential property market had supported growth in industrial production and demand for bulk commodities. Exports had continued to expand, particularly to the United States, following weakness in the middle of the year.

- Japan’s incoming Prime Minister Shinzo Abe backed the central bank when it raised interest rates in 2006, a move he now says was a mistake. His shift may signal less tolerance for deflation in the third-largest economy. Abe, whose party swept to victory in elections for the lower house of Parliament two days ago, will have the chance to reshape the Bank of Japan next year, when the terms of its governor and two deputies expire. He reiterated yesterday he wants a 2 percent inflation target for the BOJ, which is forecast to boost its asset purchases as soon as Dec. 20.

- Watch today : UK CPI, US Redbook Index, NAHB Housing Index .

Have a nice day !