News Headline Summary

European cash equities hold on to opening gains, with a firmer periphery, as markets receive yesterday's fiscal cliff developments as positive...

... Late yesterday, President Obama hiked the income tax increase threshold to USD 400,000 from USD 250,000 indicating that the differences between the parties are narrowing.
- Core fixed income markets opened with losses as the T-Note trended lower overnight, however Bunds have retraced much of their losses, as initial optimism of a fiscal resolution from the US fades.
- Volumes remain light heading into the close of the calendar year.

- UK inflation data next up at 0930GMT.

Print 09:12, 18 Dec 2012 - Market Analysis - Source: RANsquawk