Equity Update

15 Jan-Japan Nikkei 225 index finally broke the support line of 14,000 closing the day with 13,972... Meanwhile closer to home the singapore stock index is closing in the psycological 3,000 level ending the day with 3,154... US retail sales came in at -4% a sign that subprime is spreading to consumer spending? For european side, the monthly ZEW economic sentiment came in at 41.7 v 37.8. Today on the FX side GBP shine the most, gaining some foothold against major curriences especially the US, meanwhime USD/JPY fell hit bottom to 106.80s with no end and support in sight, EUR/JPY fall to 158.00s, GBY/JPY fall till 210.70s, carry trade in some pressure now....