Fundamental Headlines • USDJPY – Japan’s tertiary index –which measures demand for services-declined 0.6% in December. It was the biggest drop in three months as higher oil prices curbed consumer and business spending. Also, pulling down the gauge was a reduction in stock trading. For more news and resources, visit the new Japanese Yen Currency Room. • USDCHF – Swiss retail sales expanded
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Stocks: Year-end rally warms up on economic report
Stocks rose on Monday after a gauge of the U.S. economy increased more than expected and as the holiday shopping period raised hopes about spending.
Chen apologizes for son-in-law
President Chen Shui-bian yesterday apologized to the public over his son-in-law's alleged involvement in a snowballing insider stock trading scandal.
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