World Headlines 2011-12-21

RQ Cross Box: 2011-12-21

UPDATED 7:00 EDT - EQUITIES - European stocks pared gains as the European Central Bank provided more loans to euro-area lenders than economists had predicted. Asian shares closed higher and U.S. index futures trading slightly higher. COMMODITIES - Crude Oil rose a third day on signs that the U.S. economy will be spared a recession and amid growing pressure on Iran to curtail its nuclear program. Corn and soybeans fell on expectations rain in Argentina and Brazil in the next few days will ease the impact of dry weather there. CURRENCIES - Risk FX trying to hold on to yesterday's gains after the European Central Bank’s first tranche of three-year loans to banks exceeded economist forecasts, fueling bets the facility will spur demand for the region’s bonds. ECONOMIC DATA - CAD Core Retail Sales due at 8:30, Belgium NBB Business Climate at 9:00, Existing Home Sales at 10:00 and Crude Oil Inventories at 10:30 EDT.

World Headlines 2011-12-21

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