Market Wrap

Summarizing the key developments of the day.

By webmaster • December 2nd, 2008

Dec. 2 (Bloomberg)—Stocks fell in Europe and Asia for a second day, led by banks and commodity producers, as concern deepened that a prolonged recession will crimp earnings. U.S. index futures were little changed. [More..]

Nov. 27 (Bloomberg)—The euro traded near a three-week high against the dollar as European stocks advanced for a fourth day and a report showed unemployment declined in Germany, the region’s largest economy. [More..]

*GAZ DE FRANCE 2007 NET EU2.5 BLN; ANALYST ESTIMATE EU2.3 BLN

*BOUYGUES 4Q NET EU265 MLN; ANALYST ESTIMATE EU337 MLN

*PPR 2007 NET EU922 MLN; ANALYST ESTIMATE EU840 MLN

*ROYAL & SUN FY OPERATING PROFIT 814M PNDS; ANALYST EST. 725M

*HONG KONG ECONOMY GREW 6.3% IN 2007 FROM YEAR EARLIER

*BRENT CRUDE OIL RISES TO RECORD $100 A BARREL IN [...]

TEXAS INSTRUMENTS SEES 4Q EPS 50C-54C; ANALYST EST. 51C
China Inflation Surges to 11-Year High; Trade Surplus Swells
Oil Rises on Speculation Fed Cut Will Help U.S. Avoid Recession
Novartis Plans to Reduce Workforce, Bureaucracy, WSJ Reports
Xstrata May Open Takeover Talks With Possible Bidders, FT Says
Fiat May Spin Off Auto Unit, Marchionne Tells Automotive News
Rio Tinto Applies in [...]

** US MARKETS **
Dow -0,58%; Nasdaq -0,74%; S&P -0,62%; Soxx -0,67%; Russel2k -0,81%; DJAIG
0,09%; 10yr Bond 0,1%; 10yr Yield 4,6%

| Telecom 0,27%| Energy 0,04%| Utilities -0,12%| Technology -0,61%| ConsStaples
-0,66%| Healthcare -0,75%| Industrials -0,8%| Financials -0,8%| ConsDisc -0,82%|

Materials -1,17% – Crude Oil briefly shot up more than $5, or 8.2%, in late U.S. [...]

** US MARKETS **
Dow 0,34%; Nasdaq 0,62%; S&P 0,27%; Soxx 0,89%; Russel2k 0,49%; DJAIG -0,36%;
10yr Bond 0,04%; 10yr Yield 4,55%

| Utilities 1,14%| Technology 0,83%| Telecom 0,71%| Industrials 0,66%| Materials

0,59%| ConsStaples 0,13%| Healthcare 0,09%| ConsDisc 0,07%| Financials -0,03%|
Energy -0,36% – OPEC, the producer of 41 percent of the world’s oil, will probably refrain
from [...]

** US MARKETS **
Dow -0,41%; Nasdaq 0,26%; S&P -0,09%; Soxx 2,76%; Russel2k 0,26%; DJAIG 1,38%;
10yr Bond -0,04%; 10yr Yield 4,73%

| Energy 0,95%| Technology 0,37%| Utilities 0,28%| Telecom 0,14%| Financials
-0,24%| Healthcare -0,29%| ConsDisc -0,32%| Materials -0,39%| ConsStaples
-0,43%| Industrials -0,67%

– Buffett to Keep PetroChina Stake, Rejects Criticism Over Sudan Operations – Shell, Repsol, Total Defy U.S. [...]

** US MARKETS **
Dow -0,45%; Nasdaq -1,16%; S&P -0,71%; Soxx -1,38%; Russel2k -1,14%; DJAIG
0,62%; 10yr Bond -0,03%; 10yr Yield 4,78%

| Utilities 0,08%| ConsStaples -0,13%| Materials -0,28%| Energy -0,44%|
Healthcare -0,46%| Industrials -0,5%| ConsDisc -0,92%| Telecom -0,92%|
Financials -0,97%| Technology -1,25%

– GE, HP, Lilly Tax Breaks on Overseas Profits Eyed for Repeal by [...]

** US MARKETS **
Dow 0,04%; Nasdaq 0,04%; S&P 0,07%; Soxx -0,54%; Russel2k 0,46%; DJAIG 0,07%;
10yr Bond -0,01%; 10yr Yield 4,77%; Crude future 59,36; Gold 654,75

| Utilities 0,76%| Industrials 0,03%| Healthcare -0,23%| Technology -0,24%|
Financials 0,48%| ConsStaples -0,23%| Energy -0,25%| ConsDisc 0,34%| Telecom
-0,4%| Materials 0,68%

– Cisco Systems Inc. gained $1.20, or 4.4 percent, to $28.48 in [...]

** US MARKETS **
Dow 0,07%; Nasdaq -0,21%; S&P -0,1%; Soxx 0,14%; Russel2k -0,34%; DJAIG 0,16%;
10yr Bond 0,01%; 10yr Yield 4,8%; Crude future 59,17; Gold 650,35

| Utilities 1,12%| Industrials -0,01%| Healthcare -0,03%| Technology -0,08%|
Financials -0,11%| ConsStaples -0,18%| Energy -0,2%| ConsDisc -0,29%| Telecom
-0,39%| Materials -0,41%

– Blackstone Raises Bid for Equity Office to $39 Billion to [...]