The safe-haven trade dominated last week’s market activity. Investment-grade bonds in foreign and US markets delivered the only gains for the five trading days through Dec. 11, based on a set of ETFs representing the major asset classes. Leading the way: foreign corporate bonds, which gained 1.2% last week via the PowerShares International Corp Bond ETF (PICB).
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● US retail sales rise 0.2% in Nov | WSJ
● Consumer sentiment in US rise to 4-mo high in Dec | Bloomberg
● US retail inventories ex-autos rose in Oct | Reuters
● Eurozone industrial output rebounds sharply in Oct | RTT
● China’s production, retail sales data signal recovery | RTT
● Japan’s industrial output rises for 2nd month in Oct | RTT
● India’s industrial output hits 5-yr high in Oct | Eco Times
● Deflation trend in India eases in Nov | Times of India