Tallahassee, FL 12/12/11 (StreetBeat) --Stocks were mixed in Asian trade. The Nikkei gained one and a third percent and Australia was up, but the Hang Seng was down a slight fraction and Shanghai fell one percent to close at a two and a half year low. European shares are weak this morning, with the Dax off by about one and a half percent and the Footsie is off by a half of a percent; Italy is down two percent. US stock futures are down two thirds of a percent as I write.*The October reading of Australia’s Trade Balance was a surplus of A$1.6 billion; short of the forecast and down by a third from the month before.
*The November reading of Germany’s Wholesale Price Index is 4.9% on a year on year basis, down one tenth for that measure from the month before.
*Italian and Spanish Ten Year yields are higher by about forty and thirty basis points respectively this morning; with Italy trading back up near 6.70%. The spread between France and German 10 Year yields is out ten basis points at the moment, at 122 basis points.
*The Fed is scheduled to buy TIPS today that are due to mature between 1/15/18 and 2/15/41; the results of the operation will be announced just after 10:00am CST.
*The Treasury plans to sell $32 billion 3 Year Notes today; the auction results will be announced just after noon CST.
*The Treasury will release the November reading of their Monthly Budget Statement at 1:00pm CST; it is expected to be a deficit of $139.0 billion. Last November the deficit was $150.4 billion.
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