U.S. SUMMARY: The EUR/USD rose to 1.2951 from 1.2927 late Thursday. Data released Friday showed euro-zone industrial production improved by 0.6% in August from the previous month, beating market expectations. Economists polled by Dow Jones Newswires had expected a 0.4% production decline in August. However, the euro's gains were capped by ongoing concerns about Spain's reluctance to formally request a bailout. Greece's fate is also in limbo, as international creditors review Greece's austerity reforms to determine whether the country should receive the next tranche of its bailout loan. EU leaders will meet next Thursday in Brussels for a two-day summit to discuss further fiscal integration across the 17 countries using the euro. The USD/JPY edged up 78.45 vs 78.35 late Thursday. The GBP/USD traded at 1.6073 vs 1.6044. The USD/CHF fell to 0.9332 from 0.9348. The Wall Street Journal Dollar Index dipped to 69.750 from 69.798. Treasury bonds extended their winning streak as investors dialed back risks on uncertainty about the global growth outlook; 5-year yields were flat at 0.662%, 10-year yields fell 1.6 bps to 1.661%. Stocks were mixed as worries about bank profits balanced off against a jump in consumer sentiment; the Dow gained 0.02% while the Nasdaq shed 0.2%. November Nymex crude settled at $91.86 a barrel, down 21 cents. December Comex gold fell $10.90 to settle at $1,759.70 a troy ounce.
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