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Breaking World news

European stocks top five-year highs as periphery rally continues

Russia ready to float rubble next year

U.K. retail sales climbed 5.3% on year in December vs +1.8% in November and blew past consensus of +2.6%.

Fitch maintains Holland’s AAA rating –

Japan forecasts GDP growth of 1.4% for 2014 –

RBC considers spinning off prop trading units –

Bundesbank lifts German growth outlook
Fitch has affirmed Israel’s rating at A, the sixth highest, and increased the country’s outlook to positive –
Moody’s, the international rating agency, has upgraded Greece’s credit rating by two notches –
Puerto Rico is the latest economy to find itself struggling with debt obligations. –
Europe’s 16 largest banks have increased their risk exposure to sovereign debt by 26%, or €550bn, in 2011 and 2012, finds Fitch Ratings –
China’s National Bureau of Statistics published the country’s official manufacturing PMI report a bit earlier than expected. The headline number climbed to 51.4 in October from 51.1 in September. Economists were looking for a reading of 51.2. –
Berliners to vote in energy referendum

Breaking financial news from around the globe

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