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U.S. Morning Call: Stocks at mercy of "fiscal cliff" in December

Sunday, December 02, 2012 - 03:23

Dec. 3 - The Dow Jones Industrial Average Index finished November lower for a second consecutive month, as ''fiscal cliff'' talks dominate December.

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Let's get off your morning call for Monday US stock futures point to game at the open. But it just focus on that fiscal -- as we move into December. With less than a month left to make a deal the pressure is on in Washington and both sides took their battle to the American public through Sunday talk shows. GOP leader John Boehner appear on Fox News and stood firm against increased tax rates. On the other side US Treasury Secretary Tim Geithner -- Republicans offer specific ideas to cut the deficit. Meanwhile the Dow stands to lose the index finished a member lower for second consecutive month. European stocks rising this morning getting a lift from some encouraging data from China. China's national bureau of statistics released a survey that showed rising growth in manufacturing sector. That's survey was followed by the HSBC PMI index which rose 2.5. For the first time since October 2011. Shows that. Day external U Merriman to stabilized. On this -- has -- -- has potential to stabilize. US manufacturers expecting to see -- relatively strong month as well. With the PMI index forecast coming at 51 point three for November. Investors will also likely key in on US auto sales expected to rebound in November potentially -- their strongest pace in more than four years. As northeast consumers return to dealerships after superstore sandy. Construction spending data also on tap later today. Stocks are watching this morning first News Corp. More executive shake ups sources telling Reuters that Dow Jones & Co. editor in chief Robert Thompson will lead new courts new publishing spin off. Out Tom operates the chief executive of news and national the company saying -- -- Dow ended the year as it deals with the aftermath of the phone hacking scandal. UBS dealing with a scandal of its -- in this case Libor raking. The Swiss bank is expected to pay more than 450 million dollars to US and British authorities. Just claims that some of its employees submitted false Libor rates. And boys in focus the -- service company is expected to post third quarter earnings of thirteen cents a share. With the predicted surprise of one point 8% according to Thomson Reuters start line. Let's stick out to deal shaping up US gravel maker Martin Marietta have made dig up apparently offered to buy rival Balkan materials. Rough that attempt and other hostile takeover that according to the Wall Street Journal. We'll get rejected Martin Marietta's unsolicited and almost five billion dollars last year saying it undervalued the company. And Singapore Airlines saying today it's -- talk with in talks with interested parties to sell us 49% stake in British carrier Virgin Atlantic. Sources reveal that Delta Airlines is among the potential suitors as it seeks to gain access to -- landing rights at London's Heathrow airport. That's it for your Monday morning caught check out our YouTube channel at Reuters dot com slash CD. Also follow us on Twitter at it's like I'm Leesburg card that is right.

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U.S. Morning Call: Stocks at mercy of "fiscal cliff" in December

Sunday, December 02, 2012 - 03:23