| Global Market Wrap-Up - December 11, 2012 |
December 11, 2012 - 6:41pm — mhanna
U.S. stocks rallied on a combination of a better than expected German business confidence survey, the Pavlovian response to more quantitative easing to be announced tomorrow (even though the market suffered a two month correction immediately after QE infinity was announced), and hopes that no news was good news on the fiscal cliff issue. The S&P 500 added 0.65% while the NASDAQ gained 1.2%.
German shares gained 1.0%, British shares 0.1%, and French shares 1.1%.
Mark Hanna, known in the financial community as "TraderMark," provides his insightful daily market coverage in this column, exclusive to Euro Pacific Capital.
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. Please feel free to repost with proper attribution and all links included.
Tuesday, December 11, 2012
By:
Mark Hanna - The Census Bureau reported that the trade deficit widened to $42.2 billion in October.
- A separate report showed that wholesale inventories rose 0.6% in October, better than forecasts.
German shares gained 1.0%, British shares 0.1%, and French shares 1.1%.
- The ZEW economic-expectations index, a gauge of German investor sentiment, rose to 6.9 in December, a sharp bounce from the minus-15.7 figure in the previous month. It was the first time the index has been in positive territory since May.
Mark Hanna, known in the financial community as "TraderMark," provides his insightful daily market coverage in this column, exclusive to Euro Pacific Capital.
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. Please feel free to repost with proper attribution and all links included.
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