MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Rise as Housing Data Overshadow Intel, IBM; as a jump in housing starts overshadowed disappointing results from International Business Machines Corp. (IBM) and Intel Corp. The S&P 500 (SPX) rose 0.4 percent to 1,460.91 at 4 p.m. in New York. The index has gained 2.3 percent this week. The Dow Jones Industrial Average added 5.22 points, or less than 0.1 percent, to 13,557 today. IBM, which accounts for more than 11 percent of the share-price-weighted Dow, took 80 points off the gauge today. About 6.3 billion shares traded hands on U.S. exchanges, 5.1 percent above the three-month average.

European Stocks Climb on Spain Debt Rating, U.S. Housing; as Moody's Investors Service kept its investment-grade debt rating on Spain and U.S. new-home construction surged to a four-year high. The U.K.'s FTSE 100 (UKX) gained 0.7 percent, Germany's DAX increased 0.3 percent and France's CAC 40 climbed 0.8 percent.

Oil Trades Near One-Week High on Demand Outlook Amid Supply Gain; amid signs of an economic recovery in the U.S., the world's biggest crude consumer. Crude for November delivery was at $91.90 a barrel, down 22 cents, in electronic trading on the New York Mercantile Exchange at 10:35 a.m. Sydney time. The contract yesterday closed at $92.12, the highest settlement since Oct. 9. Prices changed less than 25 cents for a fourth consecutive day, the longest streak of moves that small since 2003. Oil is down 7 percent this year.


Source:Jupiter Securities Research, 18 October 2012