Archive - Dec 3, 2010 - Story

• China calls for tighter monetary policy in 2011 as Beijing fights inflation.
• Euro steady at $1.3209 in morning European trading.
• Oil floats near $88 a barrel in Asia as economic indicators encourage hopes for stronger demand.
• Retail sales in eurozone rose 0.5% in October.
• Spain to approve measures to calm markets over bailout; may raise tobacco tax.
• Trichet pressures governments to fix the debt crisis as he buys them time to ax budget deficits.

RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 03/12/10

The ECB voted to keep rates at 100bps today, as expected, but did little beyond that as it became clear that Frankfurt is still backtracking from its “exit strategy” rhetoric from a couple months ago, rather than transitioning from planned exit to future expansion in one fell swoop.