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
No comments:
Post a Comment