2012年11月26日星期一

10 Things You Need To Know Before The Opening Bell



Good morning. Here's what you need to know.


  • Asian markets were mixed in over night trading with the Shanghai Composite down 0.5 percent on concerns about growth in 2013. Europe is selling off and U.S. futures are modestly lower.

  • Spain saw important elections this weekend, with Catalonia voting for pro-independent parties. But Spanish media pointed out that the elections were a major setback for Catalonia's current leader Artur Mas who is pushing to see the region split away from Spain.

  • European policymakers are meeting again today, to reach an agreement on a financial aid program for Greece. Societe Generale's Michala Marcussen writes,  "While a German press report this weekend suggested that some form of “conditional” forgiveness could be on the cards as of 2015, the official position out of Berlin is that official sector debt forgiveness is not on the menu."


  • A record 247 million people shopped online and in stores at this year's Black Friday weekend. according to the National Retail Federation. Online sales reached over $1 billion for the first time.

  • The Dallas Fed manufacturing survey for November is out at 10:30 a.m. ET. Expectations are for the business activity index to rise to 4.7.

  • Italian consumer confidence fell to 84.8 in November, from 86.2 the previous month. 


  • The White House that has long argued to freeze taxes on the middle class, while raising taxes on the rich, has issued a new report titled 'The Middle Class Tax Cuts' Impact On Consumer Spending & Retailers'. But the report failed to consider the impact of the payroll tax. Meanwhile, Congress will resume fiscal cliff talks this week after the holiday weekend. 





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