Markets express optimism that Europe will find a solution to its debt crisis


Economic Data – ECB: €1.7B borrowed in overnight loan facility v €1.7B prior; €256.2B parked in deposit facility €237.4B prior – (FI) Finland Nov Consumer Confidence: 1.5 v 1.0e; Business Confidence: -10.0 v -6 prior – (GE) Germany Nov CPI Saxony M/M: -0.1% v +0.2% prior; Y/Y: 2.6% v 2.7% prior – (HU) Hungary Oct Unemployment Rate: 10.8% v 10.7%e – (TT) Taiwan Oct Leading Index M/M: -0.2% v -2.3% prior; Coincident Index M/M: -0.6% v -0.6% prior – (SW) Sweden Oct Retail Sales M/M: 0.4% v 0.1%e;

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