News Headline Summary

House majority leader Cantor says House to authorise bill next week to extend debt limit by three months

- The three-month debt limit extension will give senate time to pass the budget.

Update details:

- This is in-line with earlier comments where House Republicans said they were considering extending the debt limit to April 15th.

Reaction details:

- In immediate reaction to the comments:
- E-mini S&P moved higher from 1472.5 to 1474.75.
- T-notes moved 1+ ticks lower from 132.06+ to 132.05.
- WTI crude futures moved USD 0.17 higher from USD 95.31 to USD 95.48.

Print 17:48, 18 Jan 2013 - Economic commentary - Source: Newswires