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Monday, December 13, 2010

Stock index future little changed (Reuters) (Yahoo!)

PARIS (Reuters) - stock index term indicated mixed open on Wall Street Monday, with the S & P 500 0.05% decrease in term term up to 0.03% Dow Jones and Nasdaq 100 Futures down 0.06% 0853 GMT.

The dollar edged, supported by the Treasury yields higher after improving the United States data last week.

US Treasury bonds has fallen in Asia, yields 10 years hit a maximum of six months as dumping of Treasury obligations retained investors behind growth and higher than the United States deficits.

European shares expanded their two-week rally Monday, reaching a maximum of 26 months, in the wake of data United States and optimistic Chinese.

Data published over the weekend showed China's industrial production in November beat expectations with a slight acceleration in 13.3% on the year growth of 13.1% in October, sending of copper at a record level.

The data also show the overall inflation in Chinese climbing to a maximum of 28 months of 5.1 per cent in November, year of 4.4% in October.

Concerns that China would raise interest in the weekend due to rising inflation rates themselves are not made. Instead, the sources told Reuters Monday a selective increase in minimum reserves for Chinese banks to expire this week will be extended for three months.

Oil prices were higher Monday after the Organization of petroleum exporting countries was agreed at the end of week to maintain flat crude oil production levels.

The Financial Times said on Monday that European officials are considering plans to overhaul 440 billion euros and the use of the euro area relief funds to purchase bonds for grieving

Governments, making it easier helping countries submerged debt without full bail.

President Barack Obama tax deal with Republicans winning likely reluctant passage in Congress United States, supporters and opponents agreed Sunday after Obama clashed with the Liberals in his own party that it marks a collective for the rich.

Genzyme (GENZ.O) will be discussed after that Sanofi-aventis (SASY.PA) has extended its offer $ 18.5 billion in cash for the firm of biotechnology on January 21 and left the door open the possibility to extend the most, a sign of French drugmaker prepares for a long battle.

Wal-Mart Stores Inc.. (WMT.N) is advanced with the trade unions for the construction of New York talks to obtain their support for its entry in the New York City retail market, The Wall Street Journal reported on Sunday.

Capital commercial centres (CSCG.L) has slammed as "unable to implement and completely unworkable" alternative financing offers its shareholders and aspiring bidder Simon Property Group Inc. (SPG.N), which quickly responded, calling the SCC to postpone a vote on its proposed acquisition of Trafford Centre Centre commercial.

Grocery chain great Atlantic & Pacific Tea co. (GAP.N) filed for bankruptcy Sunday, drained silver difficult competition and a sluggish economic recovery.

Carlyle Group (CYL.UL) Chief Financial Officer Peter Nachtwey has resigned and the move could delay provided public savings capital American Society of private investment, the Financial Times said, citing people familiar with the matter.

General Electric Co. (GE.N) said Monday, buy company oilfield British Wellstream Holdings Plc (WSML.L) services to approximately 800 million pounds ($1.3 billion), an agreement that would expand the U.S. conglomerate submarine equipment and services portfolio.

U.s. stocks pink Friday, with the S and P 500 at its highest level since the week Lehman Brothers has collapsed in 2008 and violate the technical levels suggest the year-end rally will persist.

The industrial average, Dow Jones (.DJI) added 40.26 points, or 0.35% to 11,410.32. The standard & Poor of 500 (.SPX) acquired 7.40 points or 1,240.40 0.60%. Nasdaq Composite (.IXIC) increased 20.87 points either 0.80%, 2,637.54.

(Reported by Blaise Robinson.) (Editing by Louise heaven)

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