MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Erase Loss Amid Buying Ahead of Index Changes; sending the Standard & Poor's 500 Index to a second weekly gain, as investors bought shares before changes to MSCI Inc. indexes amid federal budget talks. The S&P 500 rose less than 0.1 percent to 1,416.18 at 4 p.m. in New York. The Dow Jones Industrial Average added 3.76 points, or less than 0.1 percent, to 13,025.58. More than 7.1 billion shares traded hands on U.S. exchanges today, or 15 percent above the three-month average, according to data compiled by Bloomberg. The S&P 500 advanced 0.5 percent this week and rose 0.3 percent for the month. U.S. stocks have swung between gains and losses amid lawmakers' comments on whether an agreement can be reached to avert more than $600 billion in spending cuts and tax increases scheduled to begin on Jan. 1. The benchmark gauge of U.S. stocks has lost 0.9 percent since the president won re- election on Nov. 6.

European Stocks Fall From 17-Month High Amid Budget Talks; as U.S. consumer spending unexpectedly declined and American lawmakers continued to negotiate a deal on the federal budget. France's CAC 40 Index (CAC) slipped 0.3 percent and the U.K.'s FTSE 100 fell 0.1 percent. Germany's DAX Index added 0.1 percent.

Oil Caps First Monthly Gain Since August on Economy; on signals that economic expansion in the U.S. is accelerating. Crude oil for January delivery advanced 84 cents to $88.91 a barrel on the New York Mercantile Exchange, the highest settlement since Nov. 19. Futures increased 0.7 percent this week and gained 3.1 percent this month. Prices are down 10 percent this year.

Source:Jupiter Securities Research, 03 December 2012