MARKET ROUNDUP (Source Bloomberg)

S&P 500 Rises Most in Month on Industrial Output, Profits; as industrial production rose more than forecast and corporate earnings topped estimates. The S&P 500 climbed 1 percent to 1,454.92 at 4 p.m. in New York. The index advanced 1.8 percent over two days. The Dow Jones Industrial Average added 127.55 points, or 1 percent, to 13,551.78 today. About 6.2 billion shares traded hands on U.S. exchanges, 2.7 percent above the threemonth average.

Europe Stocks Rise as Germany Open to Spanish Credit Line; as two German lawmakers said the country is open to Spain seeking a precautionary credit line from Europe's rescue fund, and German investor confidence advanced more than expected in October. The U.K.'s FTSE 100 gained 1.1 percent, Germany's DAX added 1.6 percent, while France's CAC 40 climbed 2.4 percent.

Oil Rises in New York on Spanish Bailout Optimism; after two German lawmakers said the country is open to Spain seeking a precautionary credit line from Europe's rescue fund. Crude oil for November delivery increased 24 cents to $92.09 a barrel on the New York Mercantile Exchange, the highest settlement since Oct. 9. Prices are down 6.8 percent this year. Prices were little changed after the industry-funded American Petroleum Institute reported oil inventories gained 3.7 million barrels last week to 369.3 million. Oil was up 21 cents at $92.06 a barrel at 4:33 p.m. in electronic trading. It was at $92.13 before the report was released at 4:30 p.m.


Source:Jupiter Securities Research, 17 October 2012