Morning Financial Market Update
11934.96 109.51 -0.91%
2670.24 27.73 -1.03%
1247.30 13.85 -1.10%
1857.15 8.33 0.45%
5530.13 15.51 -0.28%
8801.40 160.98 +1.86%
1.3733 0.0089 -0.644%
Japanese Yen (USD/JPY)
78.1700 0.1100 +0.141%
U.K. Pound (GBP/USD)
1.6000 0.0045 -0.280%
Papandreou Struggles to Hold On to Power
Prime Minister George Papandreou struggled to hold on to power afterGreece’s largest opposition party rebuffed his overtures to form a national unity government, raising the prospect of elections that could delay aid needed to prevent default.
German Bunds Climb, Italian, Spanish Debt Declines on Growth Outlook, IMF
German 10-year bonds extended their biggest weekly advance on record amid slowing euro-area growth and a failure by Group of 20 leaders to agree on an increase in the International Monetary Fund’s resources.
U.S. Payrolls Rose in October; Jobless Rate 9%
The jobless rate unexpectedly fell in October while employers added fewer jobs than forecast, illustrating the “frustratingly slow” progress cited by Federal Reserve Chairman Ben S. Bernanke this week.
Groupon and Its Bankers Defy IPO Skeptics
Groupon Inc. relied on some of Silicon Valley’s top bankers to pull off an initial public offering that drew investor skepticism as stock-market volatility increased the most in three months.