Commentary November 23, 2012
While
trading activity is likely to be subdued, stocks may move to the upside
in early trading on Friday. The major index futures are currently
pointing to a higher open for the markets, with the Dow futures up by 41
points. (Nov 23, 2012) Full Article
Economic News
Discord
among EU member states on the region's long-term budget is threatening
to delay a deal on crucial spending plans for the coming years,
deepening the economic crisis that has engulfed most of Europe. (Nov 23, 2012) Full Article
The
German economy expanded in the third quarter of 2012 in line with the
preliminary estimates, largely supported by foreign demand as well as
domestic consumption, a detailed report from the Federal Statistical
Office showed Friday. The seasonally adjusted gross domestic product
rose 0.2 percent quarter-on-quarter in the third quarter, unrevised from
the preliminary estimate. (Nov 23, 2012) Full Article
Confidence
among German businesses improved unexpectedly in November as firms were
less pessimistic about future developments and expressed greater
satisfaction with their current work, results of a survey by the Ifo
Institute revealed on Friday. The headline business climate index for
the German industry and trade rose to 101.4 in November from 100 in the
previous month. (Nov 23, 2012) Full Article
There
are signs of a relative return of confidence in the euro area due to
decisions taken by the European leaders as well as the central bank, the
European Central Bank President Mario Draghi said Friday. (Nov 23, 2012) Full Article
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