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Market Pulse: What's Moving Today and Why

Thursday, November 01, 2012 - 04:07

Nov. 2 - Reuters Insider has its finger on the market pulse, analyzing and making sense of the biggest movers of the day.

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25 point 61. What's up there so digit of the day. On the hunt much of the -- big buck stops on spot to lose this week. Making it the biggest weekly loss on record -- at least as far pockets flights a day that goes fast some twenty years. I'm -- -- Eva and this is today's market pulse. Sold pace will eventually but under the spotlight is new budget and debt forecast this week suggesting the country's depression is even more severe than thought. QVC -- policies in the stock market and all of us of course ahead of another crucial you look at meeting on November 12. Get to discuss this is Michael Hewson senior market analyst seems markets Michael -- These well actually bought under the spotlight but generally again insisting that -- -- contract. Meet its commitments on them that we know that -- -- we've been here before but how concerned should be beaten this time. Well he have to think that at some point it's trying it's gonna have to come off the tracks. And you know I think we're getting a lot closer to that because when you look at Leon resting grace. You know the -- in general strikes. The rise of extremist parties you really have to -- itself what he was trying to achieve. It just I'm trying to squeeze more chi -- this lemon I think the lemon has been pretty much sucked dry. And at some point they really need to consider as the IMF the state create some formal official sector involvement. To go until for the -- thought that we saw earlier this year Gemini is insisting and the ECB say not as flatly out of the question. Well what can silent -- but I don't really see how Greece can return to growth. With that that -- of you know 190% of GDP of the company buckling under they're they're in a depression it's not a recession if the depression. And to get any formal growth. To try and at least trying to get a handle that then and -- back. Think they need to have some form of restructuring because it's essentially unsustainable battling against. I'm not said the mean increase site and spotted shields of Bailey moved this week apple HM and he was -- done a bit. And my kids don't seem to be dot consent. Now they know but I think and I think he's really surprised the Spanish yields. You know spending leaving explains pretty much fully funded for 2012. Mr. rajoy can -- -- silly -- to -- it's a long. Until after the catch than your election things might get it -- see that especially if there is significant growth in this recession bites. But I'm told intensive purposes that they explain we'll also by now but he could it could come. Early next year OK finally be you know I'm encased in a little bit today top 1% but below one point tonight. Was headed next. Well wherever a case of eleven of them I'm in January and about 200 thing leaving average. If we can -- about that nothing there is Skype to rally but I'm still bearish on the era and I still say allow law. In the end of this year around about 125. -- Michael Huff and tell us we can thank you. On night two lost both checked and today it's RBS the UK taxpayer owned by supporting a strong rise in Q3 operating profit today. But the clouds of -- ball settlements PPI compensation. And the run sanctions still kind of of the bank. And it's a company a shift to they'd done it on 2% easily on the performing -- -- say a new. Today's FX buzz focuses on dollar yen which is approaching four month highs. The greenback as well bids on a slew of better than expected jobs and -- -- PMI numbers from the US yesterday. The market not staying long -- of ahead of nonfarm payrolls due out shortly Morgan Stanley Elliott today singling and is poised to move Ohio. Perhaps as far as eight to four by the end of the year. Less often unable to join us every day at this time to take the pulse of the market I'm -- -- about --

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Market Pulse: What's Moving Today and Why

Thursday, November 01, 2012 - 04:07