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Investors sifting through analysts' new year predictions for stock market movements may want to press "delete" and look instead for sound companies, as history shows equity index forecasts are usually wrong.
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HONG KONG, Jan 11- China shares posted their worst daily loss in nearly four months on Friday, snapping a five-week winning streak after higher-than-expected December inflation crimped expectations for further monetary easing. The CSI300 of the top Shanghai and Shenzhen A-shares closed down 1.9 percent on the day and 1.6 percent on the week at 2,483.2 Points.
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TOKYO, Jan 11- Japanese government bonds soared at the short end of the yield curve while sagging at the long end on Friday, on growing expectations that the new government under Prime Minister Shinzo Abe will push the Bank of Japan to ease policy further.
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*Japan Nov current account deficit larger than expected. TOKYO, Jan 11- The yen slid to 2 1/ 2- year lows on Friday after Japanese Prime Minister Shinzo Abe said the Bank of Japan should consider maximising employment as a policy goal on top of its current price stability mandate.
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NEW DELHI, Jan 11- India's industrial output shrank in November after a spurt the previous month, denting hopes of a recovery in economic growth and strengthening the case for an interest rate cut later this month. Diwali is one the biggest Hindu festivals in India, with many factories shutting for several days.
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ZURICH, Jan 11- Novartis said its drug Afinitor helped reduce kidney tumors linked to tuberous sclerosis complex, or TSC, a rare genetic disease that causes tumors to grow in the brain and other vital organs. Another recent issue of the journal also featured positive results from a separate trial on the drug, Novartis said.
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WASHINGTON, Jan 11- U.S. transportation officials will hold a press conference on Friday to discuss issues related to recent electrical problems on Boeing Co's new 787 Dreamliner, according to a person familiar with the matter.
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TOKYO, Jan 11- Japan's Nikkei hit a 23- month high on Friday, with exporters up on a weaker yen after Prime Minister Shinzo Abe reportedly said the central bank should consider pursuing maximum employment, while Fast Retailing jumped after strong quarterly results.
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*Flight from Tokyo landed safely at Matsuyama airport. TOKYO, Jan 11- A Boeing Co 787 Dreamliner operated by All Nippon Airways Co landed safely on a domestic flight in Japan on Friday after a crack appeared in a cockpit window. The flight from Tokyo's Haneda Airport landed at Matsuyama airport in western Japan and the plane's return flight to Tokyo was cancelled.
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--Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, Jan 11- It's no surprise that iron ore is the current commodity market darling, given record Chinese imports, a jump of 82 percent in prices in just four months and a huge storm about to hit a major mining region.
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*Coming up: U.K. November Industrial output at 0930 GMT. SINGAPORE, Jan 11- Brent crude futures fell further below $112 a barrel on Friday on concerns that faster-than-expected inflation in China will limit room for further policy easing to boost growth in the world's second-biggest oil consumer.
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* "Strong, volatile" corn prices "well into summer"- USDA. WASHINGTON, Jan 11- The U.S. quarterly corn stockpile came in 3 percent below expectations because of drought losses that also led the government to forecast on Friday the smallest corn carry-out in 17 years.
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Jan 11- Merck& Co said it is recalling Tredaptive, its medicine to raise "good" HDL cholesterol levels, in overseas markets where it is sold, after it failed to prevent heart problems in a large study and raised safety concerns. The medicine is not approved in the United States but the U.S. drugmaker sells it in about 40 countries.
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NEW YORK, Jan 11- The euro on Friday rose against the dollar to its highest since April in the wake of encouraging remarks from the head of the European Central Bank, while an improving economic outlook held world stock prices near a 20- month high.
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CAMBRIDGE, Mass., Jan 11- Massachusetts has pulled violent arcade games from its highway service plazas after a family raised concerns they might offend residents of neighboring Connecticut, which last month witnessed the second-deadliest school shooting in U.S. history.
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SOMERSET, N.J., Jan 11- A top U.S. Philadelphia Federal Reserve Bank President Charles Plosser said central banks in many countries are adopting policies, often under pressure from governments, to control their currencies, calling it an unhealthy phenomenon.
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ANCHORAGE, Alaska/ WASHINGTON, Jan 10- Shell may have moved an oil rig that ran aground off Alaska last week partly to avoid millions of dollars in taxes, U.S. Ed Markey said, raising even more questions about the oil company's decision on the timing of the move.
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*China December inflation rise may curb stimulus efforts. NEW YORK, Jan 11- Crude oil futures fell on Friday on concerns about lackluster economic growth, tepid demand and weak U.S. gasoline futures, while a U.S. crude oil pipeline expansion narrowed the spread between Brent and U.S. crude futures.
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LONDON, Jan 11- The climate is right for a repeat of the oil company takeover bonanza that began when Britain's BP pounced on United States- based Amoco in 1998, according to a research note by analysts at Bernstein.
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NEW YORK, Jan 11- U.S. regulators are expected to order JPMorgan Chase& Co to correct lapses in how it polices suspect money flows, two people familiar with the situation said, in the latest move by officials to force banks to tighten their anti money-laundering systems.