News Headline Summary

US House speaker Boehner will meet with US President Obama today to talk on the fiscal cliff

Update details:

- Boehner had earlier said that he would go home to Ohio as talks were not progressing, this would indicate that the negotiations could progress.
- The meeting will begin at 2200GMT/1700EST.

Reaction details:

- In reaction e-mini S&P moved up from 1417.50 to 1419.25.
- In the 5 mins following the news e-mini S&P continued its move to the upside, last trade at 1423.25, a total move of 5.75 points.

Print 20:36, 13 Dec 2012 - Economic commentary - Source: Newswires