UPS says that on Jan. 4 it will raise rates on ground packages by about 4.9%, and hike rates a net 4.9% on air express and international shipments originating in the U.S.
David White: Ex. Spain has banking interests in Greece that would devalue on Greece default. Rescue would ease CDS rates of other PIIGS. Push markets up.
7 minutes ago
David White: If Greece rescued soon, CDS rates on other PIIGS should ease at least temporarily. This may lead to a market rebound near term.
11 minutes ago
David White: Increased trade deficit pushed USD down vs the yen. Euro still weak though. Waiting for further Greece rescue news.
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