1. Both gilts and U.K. shares rose from earlier lows after reports confirming slow U.K. growth in manufacturing and falling factory-gate prices suggested inflation will remain subdued. 2. European bonds supported the equity market after rebounding from earlier lows amid optimism that European interest rates have farther to fall. 3. German stocks recovered some losses in post-bourse trading, as the U.S. market climbed back from earlier lows and the dollar rose against the deutsche mark. 4. German and U.K. bonds recovered from earlier lows on the back of a rebound in the U.S. Treasury market, while French bonds fell. 5. Japanese government bonds pared gains to trade little changed as Tokyo stocks rebounded from earlier lows, dampening enthusiasm over record-low interest rates. 6. Still, last week some Asian currencies including the Japanese yen rebounded from earlier lows, making it less expensive for the importers to buy goods priced in dollars. 7. Stocks rebounded from earlier lows as the decline in bond yields fueled expectations that banks and savings and loans will earn more next year. 8. Stocks were also brought off earlier lows by a rise on Wall Street and a late recovery in the dollar. 9. The broader market failed to recover completely from earlier lows. 10. The U.S. currency pared losses in midmorning trading as U.S. stocks rebounded from earlier lows. |