MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Rise as Apple Rebounds Amid Budget Talks; as Apple Inc. rebounded from its biggest drop in four years and investors weighed prospects for a budget deal in Washington. The Standard & Poor's 500 Index increased 0.3 percent to 1,413.94 at 4 p.m. New York time. The Dow Jones Industrial Average advanced 39.55 points, or 0.3 percent, to 13,074.04. More than 5.7 billion shares changed hands on U.S. exchanges, or 8.9 percent below the three-month average. Equities fell earlier as the European Central Bank forecast the economy will shrink 0.5 percent this year, more than the 0.4 percent contraction it predicted in September. The ECB cut its 2013 forecast to a contraction of 0.3 percent, and projected expansion of 1.2 percent in 2014. Risks to the outlook remain on the downside, ECB President Mario Draghi said.

European Stocks Advance to 18-Month High on U.S. Optimism; amid optimism U.S. lawmakers will agree on a new budget and avoid the so-called fiscal cliff. The U.K.'s FTSE 100 climbed 0.2 percent, France's CAC 40 rose 0.3 percent and Germany's DAX advanced 1.1 percent.

Oil Falls to Three-Week Low as ECB Cuts European Growth; after the European Central Bank cut its euro- area growth forecasts and as U.S. lawmakers struggled to reach agreement on a budget plan. Crude for January delivery fell $1.62 to $86.26 a barrel on theNew York Mercantile Exchange, the lowest settlement since Nov. 15. Futures have dropped 13 percent this year.

Source:Jupiter Securities Research, 07 December 2012