Dailyeng161209.xls

(Please refer to Mbp's "FX @ a Glance" for further FX news and data) ● The dollar traded near a two-month high against the euro on prospects the Federal Reserve will withdraw stimulus measures amid signs the U.S. economic recovery is gaining momentum.
The greenback rose before reports forecast to show U.S. housing starts rebounded and consumer prices gained. Traders raised bets that the Fed will increase its policy rate by June before the Federal Open Market Committee goes into its second day of a two-day meeting. ● Foreign direct investment in China climbed at the fastest pace in 16 months in November, lured by a strengthening recovery in the world’s third-largest economy. Investment rose 32 percent from a year earlier to $7.02 billion, the Ministry of Commerce said today; ● Brazilian stocks fell for the first time in five days after a jump in retail sales prompted traders to boost bets on interest rate increases.
● Japanese stocks rose as banks soared after the Nikkei newspaper said they will be given 10 to 20 years to meet tougher capitalization rules. The Financial Services Agency said no agreement has been ● Greece sold 2 billion euros ($2.9 billion) of floating-rate notes to five banks in a so-calledprivate placement, two bankers familiar with the deal said, as the government seeks to shore up its ailing finances. The securities, maturing in February 2015, were offered to yield 250 basis points more than the six-month euro interbank offered rate, or Euribor; ● AstraZeneca Plc (AZN LN): The U.K.’s second-largest drugmaker won a U.S. panel’s backing to expand use of the cholesterol pill Crestor in the prevention of heart disease, a move that, if allowed, may add ● S&P 500 May Reach 1,200 at Year-End 2010, Morgan Stanley Says; ● Deutsche Bank Raised to ‘Selected List’ at Cheuvreux; ● Morgan Stanley is underwieght Europe and UK and Neutral North America equities; ● VIVENDI cut to Neutral from Buy a Nomura.
Disclaimer: This report constitutes neither an offer to sell nor the solicitation of an offer to buy any of the securities mentioned and is not intended to set forth the final expression of the terms and conditions of any security or even Banque Privée BCP (Suisse) SA opinion. This report is provided for information purposes and may be amended, superseded or replaced in its entirety by subsequent reports. This report is not supposed to identify or suggest all of the risks (direct and indirect) which may be associated with a purchase of the referred security. This information is provided with Bloomberg / Reuters quotes and forecasts of the mentioned contributors.

Source: https://www.millenniumbp.ch/files/market_info/market_daily_en_2009-12-16.pdf