HERE'S AN OVERNIGHT DATA AND EVENTS: (market expectations, last...

HERE'S AN OVERNIGHT DATA AND EVENTS: (market expectations, last observation)

> European Central Bank President Jean-Claude Trichet said: Let me be very clear on this: Never again will we accept budget figures that do not reflect the factsAppropriate auditing must always be possible. As early as next month the European Commission will make proposals that will dramatically improve the relevant framework.

> European Central Bank Governing Council Member Ewald Nowotny on new taxes on banks: If you want banks to share the cost of the crisis, you have to think about the overall economic effectsBanks capital requirements can have an effect on credit supply and employment.

> UK Retail Sales m/m (Dec) rose less than forecast to 0.3% (1.1%, -0.3%) in December. Retailers raised prices by 1.2% and consumers curtailed their spending during the holiday season, casting doubt on the strength of a domestic recovery.

> UK Retail Sales y/y (Dec): 2.1% (3.0%, 2.7%)

> EU New Orders Manufacturing Industries m/m (Nov): 1.6% (0.5%, -1.9%)

> EU New Orders Manufacturing Industries y/y (Nov): -1.5% (-7.1%, -14.4%)

> CA Retail Sales m/m (Nov): -0.3% (-0.2%, 1.0%). Ex-cars and parts Canadian retail sales were flat.

> European Central Bank Executive Board member Juergen Stark on the bailout of Greece by other euro-region countries: That would mean countries outside of the euro area can decide what policy should be applied inside the euro regionLooking at the latest available data and analysis, we see neither inflation nor deflation risks in the next 18 to 24 months.


Good luck to all traders!