News Headline Summary

US House Speaker Boehner says he is offering a 'credible plan' on fiscal cliff

- Plan deserves serious consideration by Obama.
- Republican offer proposed USD 600bln in health care savings; saves USD 200bln by revising inflation index for federal retirement benefits.

Reaction details:

- In reaction to the news E-mini S&P moved 3 points to the upside from 1410.00 to 1413.00.
- As of 2005GMT the initial fast money move has been completely reversed, last trade at 1410.50.

Print 20:00, 03 Dec 2012 - Economic commentary - Source: Newswires