Greece risks having to restructure its debt even with an extension in terms of the loan repayments by the European Union as the economy remains mired in recession.
Investec Asset Management has reduced its holdings in risk assets on a so-called tactical basis amid signs the market is starting to look overbought and may soon consolidate.
Treasuries advanced, led by 30-year bonds, before government reports on consumer and producer prices this week that analysts say will show inflation remains subdued even as the U.S. economy recovers.
The U.K. will raise 6 billion pounds ($9.3 billion) selling inflation-linked securities today, pricing the debt at the same yield as a similar issue after government changes to indexing rules failed to dissuade buyers.
The following are the day's top business stories:
"The jobs data was strong on most fronts and is consistent with a view that the Fed will start raising interest rates by mid-2015."
- John Stopford on Dec 08, 2014