Fool Trader KLSE Research

Morning Coffee - 1 Nov 2012

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Publish date: Thu, 01 Nov 2012, 10:47 AM
MARKET ROUNDUP (Source Bloomberg)

Most U.S. Stocks Rise as Markets Reopen After Hurricane; as equity markets in the world's largest economy reopened after Hurricane Sandy caused the longest weather-related shutdown since 1888. The S&P 500 rose less than 0.1 percent from Friday's close to 1,412.16 at 4 p.m. in New York, after falling as much as 0.4 percent. The gauge declined 2 percent in October after four straight months of gains. The Dow Jones Industrial Average lost 10.75 points, or 0.1 percent, to 13,096.46 today. Almost three stocks rose for every two that fell on U.S. exchanges, as volume was about 6.31 billion shares, or 5.7 percent above the threemonth average. American equity markets were closed Oct. 29 and yesterday, the first consecutive shutdowns because of weather in more than a century. The decision to open U.S. markets was announced in statements by NYSE Euronext, Nasdaq OMX Group Inc. and Bats Global Markets Inc.

European Stocks Decline as ArcelorMittal, BG Group Fall; as ArcelorMittal and BG Group Plc (BG/) reported disappointing results and euro-area governments pressured Greece to increase spending cuts in return for aid. The U.K.'s FTSE 100 lost 1.2 percent, France's CAC 40 slid 0.9 percent and Germany's DAX slipped 0.3 percent.

Oil Trades Near Three-Day High as Refineries Resume After Sandy; after Atlantic superstorm Sandy, increasing demand for crude. Oil for December delivery was at $86.09 a barrel, down 15 cents, in electronic trading on theNew York Mercantile Exchange at 7:41 a.m. Singapore time. Prices gained 56 cents yesterday to $86.24, the highest close since Oct. 26. Futures are down 13 percent this year.

Source:Jupiter Securities Research,01 November 2012



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