Europe

Two weeks ago we previewed how, in the aftermath of the ECB's stunning announcement the hedge fund masking as a central bank would start buying investment grade corporate debt, it is only a matter of time before the ECB is forced to buy junk bonds too.

• Stocks up as investors look to end bruising week on a high (Reuters)
• Treasuries Set for Two-Week Gain; Greenspan Warns of Global Risk (BBG)
• Yellen, alongside Fed alum, says rate hikes on track (Reuters)
• Oil Prices Lifted by Fed Comments on U.S. Economy (WSJ)
• China says G20 summit should be about economics, not politics (Reuters)
• Cameron Accused of Hypocrisy for Stake in Father's Offshore Fund (BBG)
• US government to challenge MetLife ‘too big to fail’ decision (FT)

In the final day of the week, it has again been a story of currencies and commodities setting stock prices, however instead of yesterday's Yen surge which slammed the USDJPY as low as 107.67 and led to a global tumble in equities, and crude slide, today has been a mirror imoage after a modest FX short squeeze, which sent the Yen pair as high as 109.1, before easing back to the 108.80 range.

Submitted by Brandon Smith via Alt-Market.com,