Happy New Year from all at Abshire-Smith, may 2013 be prosperous for you.
Today is the first trading session of the New Year, please check your client emails for market trading times, or contact us if you are unsure. Many traders will have been away from their desks over the holiday period, with the majority back this morning.
The US house of Representatives has passed the fiscal cliff bill, which has been discussed at length over the last 6 months. The Congressional Budget Office has calculated that the bill’s tax hikes will add $4 trillion to the US deficit in the decade, but raise $620 billion.
Australian manufacturing contracts in December (44.3)
Cyprus President hits out at the ‘harsh’ austerity set forward by the EU members - The Daily Telegraph
China official Dec factory PMI came in at 50.6
German PM Angela Merkel said the “2013 economic environment will be tough”
A Euromoney report has focused on how the risks faced by British banks have increased in the past 12 months
UK jobseekers faced more job opportunities in the final 3 months of 2012, than at any point since records began 3 years ago, recruiter Reed said.