MARKET ROUNDUP (Source Bloomberg)
U.S. Stocks Fall Amid Talks on Fiscal Cliff, Greek Aid; as lawmakers prepared to debate the so-called fiscal cliff and euro-area finance ministers discuss Greek aid. The S&P 500 (SPX) fell 0.2 percent to 1,406.29 in New York, after the benchmark index jumped 3.6 percent last week. The Dow Jones Industrial Average slid 42.31 points, or 0.3 percent, to 12,967.37 today. More than 5.3 billion shares traded hands on U.S. exchanges today, or 13 percent below the three-month average, according to data compiled by Bloomberg.
European Stocks Decline as Ministers Debate Greek Rescue; following the benchmark Stoxx Europe 600 Index’s biggest weekly rally this year, as euro-area finance ministers met for a third time this month on Greece’s finances. The Stoxx 600 lost 0.5 percent to 272 at the close in London, falling for the first time in six days. The gauge jumped 4 percent last week as optimism grew
that Congress will agree on a U.S. budget that avoids automatic tax increases and spending cuts, and data showed China’s manufacturing expanded. France’s CAC slid 0.8 percent, Germany’s DAX dropped 0.2 percent and the U.K.’s FTSE 100 lost 0.6 percent.
Oil Fall as European Finance Ministers Meet on Greece; and as American leaders prepared to wrestle with a budget agreement. Crude oil for January delivery declined 54 cents to settle at $87.74 a barrel on the New York Mercantile Exchange. Prices are down 11 percent this year
Source:Jupiter Securities Research, 27 November 2012
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