NEWS
-Tentative deal reached on US auto bailout taltks, final details need to be ironed out -officials
- Japan machinery orders slide 4.4 percent in October
- AIG owes $10 billion to other financial services firms for soured trade- WSJ
- U.S. Energy Information Administration sees global GDP growth 0.5 percent in 2009 vs 2.7 percent this year
- U.S. economy will probably get worse before it gets better, and will need more injections of public money - OECD
- Pending sales of existing U.S. homes fall by less than expected in October
- Global airlines set to lose $5 bln in 2009-IATA
- EU must endorse 1.5 pct GDP stimulus-Barroso
MARKETS
- Sony shares fall, restructuring plans fail to woo investors
- Asia stocks rise, Nikkei up 1.1 percent helped by exporter gains. Oil rebounds more than $1 a barrel to above $43
- Yen edges down against the dollar and euro, stock gains
warm investor appetite for risk
QUOTES
- "I think we are very, very close to having something we can bring before this body sometime today" - Senate Democratic leader Harry Reid on negotiations on a proposed $15 billion bailout of the U.S. auto industry.
- "Industrial production data, particularly manufacturing output, is a horror story, We've seen a number of sharp declines in recent months and if anything the pace of contraction appears to be worsening." - Philip Shaw, Economist at Investec, on British industrial output figures.
"What we are seeing right now may be a gradual turnaround in
global stocks as liquidity in financial markets is seen slowly improving, helped by the latest moves by governments."- Jun Ji-won, market analyst, Kiwoom.Com Securities.
EVENTS/DATA
Weds, Dec. 10
- Australian Dec. consumer sentiment
- Japanese Nov. corporate goods price index, Oct. machinery
orders
- German Nov. wholesale prices, French and Italian October
industrial production, Italian Q3 GDP
- BOJ Deputy Governor Nishimura speaks at conference
- U.S. Oct. wholesale inventories
- ECB's Jurgen Stark speaks at event in Germany
- U.S. November budget report
(Compiled by World Desk, Singapore, +65 6870 3815)