MARKET ROUNDUP (Source Bloomberg)
U.S. Stocks Rise Ahead of Presidential Election Results; as American voters went to the polls to pick a president. The S&P 500 rose 0.8 percent to 1,428.39 at 4 p.m. in New York. The Dow Jones Industrial Average added 133.24 points, or 1 percent, to 13,245.68. Volume for exchange-listed stocks in the U.S. was 5.9 billion shares, or about in line with the three- month average, according to data compiled by Bloomberg.
European Stocks Climb as Americans Vote; ARM, Adecco Gain; as Americans went to the polls to elect their president. U.S. voters decide today between giving President Barack Obama another four years in office or replacing him with Mitt Romney. Obama led Romney 48 percent to 45 percent in a national poll conducted by the Pew Research Center released on Nov. 4. The survey, conducted Oct. 31-Nov. 3 among 2,709 likely voters, has a margin of error of 2.2 percentage points. France’s CAC 40 Index climbed 0.9 percent, the U.K.’s FTSE 100 Index added 0.8 percent and Germany’s DAX Index increased 0.7 percent.
Oil Rises Most in a Month on Fuel Supply Concern; after Hurricane Sandy forced the shutdown of East Coast refineries and as Americans went to the polls to pick a president. Crude oil for December delivery advanced $3.06, or 3.6 percent, to $88.71 a barrel on the New York Mercantile Exchange, the biggest gain since Oct. 4 and the highest settlement since Oct. 22. Prices are down 10 percent this year. Prices were little changed after the American Petroleum Institute reported U.S. oil inventories slid 27,000 barrels to 371.7 million last week. Gasoline stockpiles gained 1.38 million to 201 million barrels. December oil advanced $2.75, or 3.2 percent, to $88.40 a barrel at 4:44 p.m. in electronic trading.
Source:Jupiter Securities Research, 07 November 2012
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