News Headline Summary

Moderate safe-haven flows in early Asian trade with JPY and USD benefiting; looking forward into the session, we have a particularly light calendar

- In equity markets, most indices give up their early gains and are currently trading in a downward trend, with Nikkei 225 experiencing the biggest losses compared with its Asian counterparties, driven down by technology and telecommunications sectors. Softbank (9984 JT) is one of the laggard after we heard that cleanwire plans to ask the Federal Communications Commission to block Sprint Nextel's takeover of the Co. and the merger between Softbank and Sprint.

07 Jan 2013 - 00:46 - Equities - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: