Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a647204
Overnight Markets: 'Cliff' solution hopes lift US stocks
by Himanshu Singh on Dec 21, 2012 at 03:24
Existing home sales surged 5.9% in November, more than expected, and by the fastest monthly pace in three years. However, KB Home slid 6.4% as the company reported higher homebuilding costs and expenses in the fourth quarter.
Accenture fell 2% after revenue from technology consulting declined 3.6% from a year earlier. Merck & Co. slipped 3.4% after saying it won’t seek U.S. marketing approval for a cholesterol drug.
In Asia, shares gained after U.S. economic data signaled the world’s biggest economy is recovering.
The MSCI Asia Pacific Index advanced 0.4% to 130 as of 9:50 a.m. in Tokyo. Japan’s Nikkei 225 Stock Average gained 1%, South Korea’s Kospi Index fell 0.3%, Australia’s S&P/ASX 200 gained 0.5%.
News sponsored by:
Today's top headlines
More about this:
Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
on May 24, 2013 at 11:32