ForexLive North American Wrap: Spain Cozies up to EU with Budget

Spain delivers austerity budget Fin min Guindos: budget exceeds all EU recommendations Catalonia approves separation referendum, Spain says it can stop it US initial jobless claims 359K vs 378K exp US Q2 final GDP 1.3% vs 1.7% prior August durable goods orders -13.2% compared to -5.0% exp Benchmark revisions add US jobs through March Buba's Weidmann: Banking union should not cover existing debts Monti: says will not run for election BOE's Tucker: funding for lending scheme no ‘silver bullet' US Aug pending home sales -2.6% vs +2.4% prior Brazil's central bank lowers 2012 GDP forecast to 1.6% from 2.5% AEP: Europe's betrayal of Spain Germany signs off on ESM Egan Jones downgrades Spain to CC from CC+ Fed's Bullard still sees US on track for 2% growth in 2012 LDP way ahead in Japanese poll DB cuts global growth forecasts S&P 500 gains 1% to 1447 NZD leads, USD lags