Market Breaking News 30/11/11

1.Central Banks Make Coordinated Move to Address Pressures in Global Money Markets

2.ADP Private Sector Jobs Rose 206,000.
 3. Third-Quarter Productivity Revised Downward, Now Up 2.3% During the 3Q.

4. Contracts to Buy Existing Homes Surge in October at a Quicker-than-Expected Pace

5.  Mortgage Applications Fell 11.7 Percent in Week Ended Nov. 25.

6.  Stocks soared at the open Wednesday following news global central banks announced coordinated actions to enhance their capacity to provide liquidity to financial systems and after China said it would loosen monetary policy by cutting banks' reserve requirements.

All 30 Dow components jumped, led by BofA and JPMorgan.

7. 3.Stocks extended their sharp gains across the board Wednesday after global central banks announced a coordinated plan to support the global financial system and following a handful of better-than-expected economic news.

The Dow is back in positive territory for 2011.


8. Stocks traded near highs Wednesday after global central banks announced a coordinated plan to support the global financial system, a handful of better-than-expected economic news and China said it would loosen monetary policy.
The Dow and S&P are on track to post their best weekly point gains in almost three years.
All 10 S&P sectors were firmly in positive territory led by materials and industrials.


9. US economic activity increased at a slow to moderate pace in most regions, according to the Fed's beige-book report for November. The one exception was the St. Louis area.


10. Stocks rallied sharply to finish at their best levels Wednesday after global central banks announced a plan to support the global financial system, a handful of better-than-expected economic reports and China said it would loosen monetary policy.

All 30 Dow components finished higher, led by JPMorgan and Caterpillar. The blue-chip index is back in the black for 2011.