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European Market Update ***Economic Data***
(CZ) Czech Nov Money Supply Y/Y: 11.3% v 10.6% prior
*** SPEAKERS/COMMENTS ***
- Govt Official: Pakistan Presidential Vote Likely Delayed Several Weeks
- Pakistan Election Commission: Recommend Delaying Jan 8th Elections
- Short delay in Pakistani election is 'acceptable' - wire citing Sharif Party Official
- Bhutto Party Official says Rejects any delay in Pakistan Vote
- (SI) Singapore PM Lee says 2007 GDP was 7.5%
- (SW) Swedish Central Bank Ingves sees higher interest rates despite uncertainty
- ECB Drains â‚¬101.6B At 4.00% Fixed Rate In Quick Tender
- (NO) Norway Central bank to sell NOK420M per day for oil fund
- Oil: Kirkuk Oil Flow To Ceyhan Stopped; 5.15M barrels Stored-wire headline citing Shipper
- Iraq to raise Kirkuk oil exports by 100K per day - SOMO
- Overall market tone was quiet with germany, italy and Spain among th countries on holiday this session. The USD rebounded from opening level lows against the Euro. Overall price action focused on EUR/GBP cross.
- Gold dipped into negative territory after comments from a Sharif Party Official that a Short delay in Pakistani election would 'acceptable' . In contrast the Bhutto oppositon rejected any delay in the jan 8th election date.
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