MARKET ROUNDUP (Source Bloomberg)
U.S. Stocks Fall as Budget Negotiations Overshadow Greece; as concern about progress in Washington budget negotiations overshadowed a European agreement on Greece aid and a better- than-forecast report on durable goods. The S&P 500 fell 0.5 percent to 1,398.94 in New York. The Dow Jones Industrial Average (INDU) lost 89.24 points, or 0.7 percent, to 12,878.13. More than 5.9 billion shares traded hands on U.S. exchanges, or 2.6 percent below the three-month average at this time of day,according to data compiled by Bloomberg.
Europe Stocks Gain as Finance Ministers Agree Greek Deal; after euro- region finance ministers eased the terms of aid for Greece and cleared the way for a loan instalment in December. France’s CAC 40 Index was little changed, while Germany’s DAX Index rose 0.6 percent. The U.K.’s FTSE 100 Index gained 0.2 percent.
Oil Trades Near One-Week Low as U.S. Crude Stockpiles Increase; after an industry-funded report showed rising stockpiles in the U.S., the world’s biggest crude consumer. Crude for January delivery was at $87.14 a barrel, down 4 cents, in electronic trading on the New York Mercantile Exchange at 10:52 a.m. Sydney time. The contract decreased 56 cents yesterday to $87.18, the lowest since Nov. 20. Prices are down 12 percent this year.
Source:Jupiter Securities Research, 28 November 2012
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