General Market News

The head of the European Central Bank, Mario Draghi gave the strongest hint till now that fresh stimulus will be unveiled by ECB at its December 3rd meeting, while U.S. Federal Reserve seems destined to lift its rates in December for the first time in a decade. This contrast had a clear impact on bond markets where yields on two-year German debt hit their lowest ever at negative 38 basis points, while U.S. yields were at their highest since mid-2010 resulting to the premium offered by U.S. paper to yawn out to the fattest since 2006 reaching 130 basis points. As a five month freeze on new share sales ended, securities regulator proceeded to initial public offering s by ten companies allowing for brokerages to climb and hence, for Chinese stocks to advance for a third day. According to a draft of economic stimulus showed on Monday, the Japanese government plans to raise the minimum wage to meet its target of raising nominal gross domestic product to 600 trillion Yen in five years. Asian regional equity gauge stayed neutral following last week’s rally as commodity stocks declined while consumer shares advanced....