Opening Nutshell




  Overnight  financial markets got a nasty jolt as a shocking report on US
  private  sector employment and a grim outlook from technology bellwether
  Intel reminded investors of the headwinds facing the global economy.





  ADP  Employer  Services  said  693,000  private sector jobs were axed in
  December,  up  sharply from the revised 476,000 drop in November and far
  more  than  the  Street  had  estimated.  The  data  prompted fears that
  Friday’s   December   Non-Farm  Payrolls  report  would  be  very  weak.
  November’s  report  showed  a  drop  of  533,000,  the  worst fall since
  December 1974.





  Eurozone  interest  rates  remained  firmly  on investors’ radar screen,
  meanwhile,  after news that German unemployment rose in December for the
  first  time  since  February 2006. Eurozone producer prices also fell at
  their  sharpest rate on record in November following the biggest drop in
  energy prices for at least 18 years, adding to the case for the European
  Central  Bank  to  cut interest rates at its next policy meeting January
  15.





  The  Bank  of  England is widely expected to further cut borrowing costs
  later today. Markets project a 50 bp ease from 2% in the official policy
  rate,  but  BNPP  economists  insist  that  it is very possible that the
  Monetary  Policy Committee could produce a third successive reduction of
  100 bp.

   

全英文的