Market Overview

ForexLive North American Wrap: S&P Lowers UK outlook

S&P cuts UK outlook to negative
US retail sales +0.3% vs +0.5% exp
US initial jobless claims 343K vs 372K
Obama/Boehner to meet at 1700 GMT on cliff
PPI +1.5% y/y vs +1.8% exp
Canadian new house price index +0.2% vs +0.1% exp
Fed extends swap lines with global central banks
Westpac calls for another Australian rate cuts
US business inventories +0.4%, as expected
BOE's Fisher says stronger pound “not helpful”
Reuters: Berlusconi proposed that Monti should lead a center right coalition in coming election
S&P 500 down 0.6% to 1419
CHF leads, JPY lags

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