China Steps Up Measures to Curb Inflation

As the US market closed for the Thanksgiving holiday, investors' focus was on sovereign crisis in peripheral European economies. EU Commission for Economic Affairs Olli Rehn said he expects that the bailout talk will conclude by late this month or early next month. Yet, this failed to improve confidence in Ireland. Yield spreads between 10-year Irish and Spanish bonds and German bunds widened further. Today in Asia, commodity prices moved with a soft tone with the front-month contract for WTI crude oil trading at 83.8 currently.

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China Steps Up Measures to Curb Inflation