MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Erase Losses as Apple Offsets Earnings; as an advance in Apple (AAPL) Inc. shares overshadowed disappointing corporate results. The S&P 500 rose less than 0.1 percent to 1,433.81 at 4 p.m. New York time, after falling 0.8 percent earlier. The Dow Jones Industrial Average added 2.38 points, or less than 0.1 percent, to 13,345.89. The Nasdaq-100 Index rose 0.6 percent to 2,694.56. Volume for exchange-listed stocks in the U.S. was 5.8 billion shares, or 3.4 percent below the three-month average.

European Stocks Drop for Second Day; Veolia, Nexans Fall; as Japanese exports tumbled and investors speculated that victory in regional elections for Spain's Prime Minister Mariano Rajoy reduces pressure for him to seek a bailout. The U.K.'s FTSE 100 (UKX) slipped 0.2 percent and France's CAC 40 lost 0.6 percent. Germany's DAX dropped 0.7 percent. Greece's ASE surged 2.7 percent.

Oil Rebounds From Lowest in Two Weeks; Keystone Supply Curtailed; amid signs that yesterday's slide to the lowest level in more than two weeks was excessive. TransCanada Corp. (TRP) won't resume full deliveries on the Keystone pipeline until next month after restarting flows yesterday. Crude for December delivery rose as much as 64 cents to $89.29 a barrel in electronic trading on the New York Mercantile Exchange and was at $89.28 at 8:32 a.m. in Tokyo. The November contract fell 1.5 percent yesterday to $88.73, the lowest close since Oct. 3.

Source:Jupiter Securities Research, 23 October 2012