MARKET ROUNDUP (Source Bloomberg)
U.S. Stocks Rise as Boehner, Obama Fuel Optimism on Talks; after comments by Speaker of the House John Boehner and President Barack Obama fueled optimism an agreement can be reached in budget talks. The S&P 500 climbed 0.8 percent to 1,409.93 in New York, after erasing a decline of as much as 1 percent. The Dow Jones Industrial Average added 106.98 points, or 0.8 percent, to 12,985.11 today. About 6.1 billion shares traded hands on U.S. exchanges today, in line with the three-month average, according to data compiled by Bloomberg.
Europe Stocks Little Changed Amid U.S. Budget Talks; as investors assessed conflicting reports about the progress of U.S. budget negotiations aimed at avoiding automatic tax increases and spending cuts from coming into force next year. France’s CAC 40 Index gained 0.4 percent, while the U.K.’s FTSE 100 added less than 0.1 percent. Germany’s DAX advanced 0.2 percent.
Oil Snaps Three-Day Drop on Falling Supplies, U.S. Budget Talks; after stockpiles unexpectedly fell and U.S. leaders said they’re optimistic a budget agreement can be reached in the the world’s biggest crude consumer. Crude for January delivery climbed as much as 23 cents to $86.72 a barrel in electronic trading on the New York Mercantile Exchange and was at $86.62 at 10:53 a.m. Sydney time. The contract pared a decline of as much as $1.82 yesterday to close down 69 cents at $86.49, the lowest since Nov. 15. Prices have fallen 12 percent this year.
U.S. Stocks Rise as Boehner, Obama Fuel Optimism on Talks; after comments by Speaker of the House John Boehner and President Barack Obama fueled optimism an agreement can be reached in budget talks. The S&P 500 climbed 0.8 percent to 1,409.93 in New York, after erasing a decline of as much as 1 percent. The Dow Jones Industrial Average added 106.98 points, or 0.8 percent, to 12,985.11 today. About 6.1 billion shares traded hands on U.S. exchanges today, in line with the three-month average, according to data compiled by Bloomberg.
Europe Stocks Little Changed Amid U.S. Budget Talks; as investors assessed conflicting reports about the progress of U.S. budget negotiations aimed at avoiding automatic tax increases and spending cuts from coming into force next year. France’s CAC 40 Index gained 0.4 percent, while the U.K.’s FTSE 100 added less than 0.1 percent. Germany’s DAX advanced 0.2 percent.
Oil Snaps Three-Day Drop on Falling Supplies, U.S. Budget Talks; after stockpiles unexpectedly fell and U.S. leaders said they’re optimistic a budget agreement can be reached in the the world’s biggest crude consumer. Crude for January delivery climbed as much as 23 cents to $86.72 a barrel in electronic trading on the New York Mercantile Exchange and was at $86.62 at 10:53 a.m. Sydney time. The contract pared a decline of as much as $1.82 yesterday to close down 69 cents at $86.49, the lowest since Nov. 15. Prices have fallen 12 percent this year.
Source:Jupiter Securities Research, 29 November 2012
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