News Headline Summary

US EQUITY WRAP

Equities finished the session in negative territory, following risk-averse trading throughout the day. Post the election the US focus now turns to the fiscal cliff which has to be negotiated before the end of the year which is only 7 weeks away. This is made even harder by a deadlock between the Republican House and Democratic Senate, in voting majority terms. Elsewhere In Europe, markets observed weak German economic data which has even caught the attention of ECB's Draghi and it seems that the very core of Europe is now feeling the pain. Finally, the first of two Greek votes this week is later today and even if these votes are successful the vote split will likely be very close and therefore this has added further uncertainty. The DJIA finished down 2.36% at 12932.73 the S&P 500 finished down 2.37% at 1394.54 and the NASDAQ 100 finished down 2.55% at 2612.69.

07 Nov 2012 - 21:10 - Equities Bank Speaker - Source: RANsquawk

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