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Wednesday, November 30, 2011

USA Today: Dow up 490 points: Stocks soar after central banks' moves

USATODAYmoney: Fed, other central banks act to ease strains in world markets http://t.co/ZYjpc6gQ
Original Tweet: http://twitter.com/USATODAYmoney/status/141876452038676480

Dow up 490 points: Stocks soar after central banks' moves
By Gary Strauss, Adam Shell and Matt Krantz, USA TODAY
2011.11.30 03:23 PM

Stocks soared Wednesday after central banks around the world agreed to pump more liquidity into European banks, an effort designed to loosen credit and stimulate economic growth in Europe and prevent its debt crisis from unhinging the global economy.

USA Today: Europe crisis could affect trade for Asia, Africa

USA Today: Europe crisis could affect trade for Asia, Africa
By Kathy Chu, USA TODAY
2011.11.30 02:54 PM

HONG KONG – As European banks reduce international lending, it's hurting importers and exporters in Asia, Africa and Latin America, and raising fears of a trade-crippling global credit crunch.

USA Today: Homebuying contracts hit highest level in a year in Oct.

Homebuying contracts hit highest level in a year in Oct.
By Derek Kravitz, Associated Press
2011.11.30 01:14 PM

WASHINGTON – The number of Americans who signed contracts to buy homes jumped in October to the highest level in a year. But the gain follows three months of declines and isn't enough to signal a housing recovery.

CNNMoney: Job reports paint positive picture before U.S. data

America's Jobs Crisis
Job reports paint positive picture before U.S. data
By James O'Toole and Aaron Smith @CNNMoney November 30, 2011: 2:27 PM ET

NEW YORK (CNNMoney) -- Private-sector payrolls surged and planned job cuts eased in November, indicating some improvement in the job market and raising hopes for the government employment report due later this week.

CNNMoney: China steps on the economic accelerator

CNNMoney: China steps on the economic accelerator http://t.co/CDVWXjH3
Original Tweet: http://twitter.com/CNNMoney/status/141885024181026816

China steps on the economic accelerator
By Aaron Smith @CNNMoney November 30, 2011: 10:48 AM ET

NEW YORK (CNNMoney) -- China is cutting the amount of money banks need to hold in reserve, freeing those funds to stimulate the Chinese economy.

Tuesday, November 29, 2011

Bloomberg: Home Prices in 20 U.S. Cities Fall More Than Forecast, Case-Shiller Says

Home Prices in 20 U.S. Cities Fall More Than Forecast, Case-Shiller Says
By Alex Kowalski - 2011.11.29 06:18 AM

Residential real estate prices dropped more than forecast in the year ended September, showing the industry at the center of the 2008 financial crisis continues to struggle.

Reuters: Insight: In euro zone crisis, companies plan for the unthinkable

Insight: In euro zone crisis, companies plan for the unthinkable
By Ben Hirschler and Scott Malone

LONDON/BOSTON | Tue Nov 29, 2011 5:30pm EST

(Reuters) - When Novo Nordisk's chief financial officer met marketing colleagues last Friday the conversation moved far beyond the usual discussion of sales and performance. Jesper Brandgaard asked a simple, far-reaching question: how would the firm set prices for two pivotal new insulin products if the euro collapsed?

CNNMoney: A French downgrade could derail eurozone rescue

Europe's Debt Crisis
A French downgrade could derail eurozone rescue
By Ben Rooney @CNNMoneyMarketsNovember 29, 2011: 4:40 PM ET

NEW YORK (CNNMoney) -- In what would be another blow to Europe's beleaguered rescue fund, there is growing speculation that France will eventually lose its top-tier credit rating.

Tesco pension fund has appetite for non-core real estate strategies

Real Estate News
Tesco pension fund has appetite for non-core real estate strategies
28 November 2011

UK - Jenny Buck, the newly appointed head of property at the Tesco pension fund, will target higher returns by investing outside core real estate.

Monday, November 28, 2011

SG: Eco Analysis - US Housing: New home sales rose modestly in October (B. Jones)

Eco Analysis - US Housing: New home sales rose modestly in October (B. Jones)

■ Closings on newly constructed dwellings moved higher in October

The number of newly constructed dwellings going to contract rose by 1.3% to a five-month high seasonally adjusted annual rate of 307,000 in October. The reported level of activity last month was below both our (330,000) and the median Street projections (315,000), however. Moreover, back-month revisions shaved 15,000 off the previously posted tallies for July through September.