News Headline Summary

Heading into the North America open, stocks in Europe are flat to minor negative territory after Germany cut growth forecast for 2013 to 0.4%...

Analysis details (05:29)

- Peripheral bond yield spreads are wider, ahead of supply from France, Germany and Spain this week. However, Italian bonds outperformed, after the Treasury tightened guidance on its 15y Euro benchmark bond to + 30bps over 2026 BTP from initial target of +35bps.
- USD/JPY continues to trade heavy, in reaction to overnight comments from Japanese Economic Minister Amari who said that an excessively weak JPY has negative effects on livelihoods and is not good for the economy.
- Precious metals and in particular platinum prices are trading sharply higher this morning after it was reported that Anglo American Platinum said it will indefinitely close four of its shafts in platinum belt. Platinum hit a three-month high this morning, regaining its premium over gold for the first time since last March.

15 Jan 2013 - 05:27 - - Source: RANsquawk

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