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AUD/USD 0.79686 23:30 27.07 GBP/JPY 145.298 23:30 27.07 EUR/JPY 129.890 23:30 27.07 EUR/USD 1.16822 23:30 27.07 USD/JPY 111.182 23:30 27.07 NZD/USD 0.74956 23:00 27.07 AUD/NZD 1.06352 23:00 27.07 USD/JPY 111.232 22:30 27.07 BITCOIN 2648.744 22:00 27.07 EUR/USD 1.16753 22:00 27.07 USD/CHF 0.96480 21:00 27.07 USD/CAD 1.25536 21:00 27.07 GBP/USD 1.30655 21:00 27.07 EUR/GBP 0.89385 21:00 27.07 AUD/USD 0.79673 20:30 27.07 USD/CAD 1.25549 20:30 27.07 EUR/USD 1.16768 20:30 27.07 GBP/CHF 1.26068 20:30 27.07 GBP/USD 1.30624 20:15 27.07 TOYOTA (US) 111.700 20:00 27.07 ALIBABA 154.270 20:00 27.07 JOHNSON & JOHNSON 130.810 20:00 27.07 BANK OF AMERICA 24.115 20:00 27.07 WAL-MART 79.785 20:00 27.07 EUR/CHF 1.12626 20:00 27.07 JP MORGAN CHASE 91.545 20:00 27.07 AUD/CAD 1.00042 20:00 27.07 DOLLAR INDEX-APR17 93.770 20:00 27.07 McDONALD'S 156.965 20:00 27.07 EUR/CAD 1.46627 20:00 27.07

Market Review

DAILY MARKET OVERVIEW
Today's Top Market Headlines – Dec 21, 2016
UK borrowed £12.65bn in November pushing the national debt up to £1.655 trillion

Great Britain borrowed more than £12.6 billion in November, in order to balance the books. The total public sector net borrowing sum (excluding the impact of state banks) came to a total of £12.647 billion for the previous month, which is around £400m ahead of City expectations. It is worth noting that on a year average the borrowing sums are lower than the £13.2bn borrowed in November 2015. It is also important to note that the total national debt for the U.K. has reached a new record high at £1.655 trillion which is equivalent to 84.5% of the nation’s GDP.

European markets open lower amid lack of triggers

European markets recorded a rather sluggish open to the day with most indices trading flat to lower amid lack of cues and as traders step away from their dealing desks in order to prepare for the Christmas holidays, during which markets remain closed. Oil prices climbed on Wednesday on expectations of a U.S. crude inventory draw after API data showed U.S. stock piles declined last week. It should also be noted, that EIA is due release crude oil inventory statistics later within the day. In today’s early European trading, Germany’s DAX and U.K.’s FTSE were last seen trading flat while France’s CAC 40 lost 0.2 percent for the day to last trade at 4837.50 as of 10:00 GMT. The Euro Stoxx 50 index also lost 0.2 percent to last trade at 3273.00 as of 10:00 GMT.

Amazon to open new fulfillment centers

Online retailing conglomerate Amazon.com plans to open new fulfillment centers in Aurora, Illinois and Livonia, Michigan. The project will be funded by the Michigan Strategic Fund Board in collaboration with Amazon which plans to invest nearly $90 million on construction, machinery, equipment, and other improvements on the facility’s property. Amazon also plans to open two fulfillment centers in Aurora, Illinois. It is worth noting that the facilities will employee around 1,000 additional full-time workers and add benefits to the state. Employees will be responsible for picking, packing and shipping small items to customers such as books, electronics and consumer goods.

Asia shares close mixed…

Asian markets ended mixed on Wednesday as the USD continues to hold on to its 14 year high levels and U.S. president Donald Trump pursues his American product favoritism over imported China goods. In today’s Asian markets Nikkei lost 0.3 percent to close at 19444.49, Australia’s S&P/ASX 200 edged 0.4 percent higher for the day to close at 5613.47, China A50 added 0.7 percent to end the day at 10014.06 while Hang Seng added 0.5 percent to close at 21838.00. South Korea’s KOSPI lost 0.2 percent to close at 2037.96 while India’s Nifty is set to record yet another bearish close, having lost 0.3 percent for the day at 8057.50 as of 9:50 GMT.