New Year Positivity

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The first trading week of 2012 has begun with a largely positive risk appetite among traders. This follows upbeat manufacturing data from Germany, China, Australia and India. At home news has been mixed with the manufacturing PMI rising to a higher-than-expected reading of 49.6 for December, whileconversely the Lloyds business barometer dropped to its lowest level in three years. Across the Atlantic, data scheduled for release later today is expected to provide additional positive impetus to high yield currencies, with US manufacturing for December expected to show the fastest pace of growth in six months.

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New Year Positivity

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