Initial Guidance | 11 December 2014

● Spending Bill Hits Snags, but Congress Thinks It Can Avoid Shutdown | NY Times
● U.S. budget deficit shrinks in November | MarketWatch
● U.S. mortgage applications rise in latest week: MBA | Reuters
● German inflation rate confirmed at 4 1/2-year low in Nov | FT
● Italy Oct industry output falls, disappointing recovery hopes | Reuters
● Investors Sell Stocks as Oil Prices Keep Falling | WSJ
● France Nov Inflation Falls Back To Lowest Level Since 2009 | MNI