Wall Street Journal:
TOKYO (MarketWatch) -- South Korea's Kospi traded modestly higher, up 0.2% in early dealings Monday, but shares of automakers moved on a mixed note. Hyundai Motor Co. was up by 0.5%, while Kia Motors Corp. shed 0.3% and Ssangyong Motor Co. fell 0.4%. Australia's S&P/ASX 200 was up 0.5%, while New Zealand's NZSX 50 shed 0 (Read More)
Commodity Corner:
                                                   The weakest U.S. dollar in 15 months along with ample American wheat supplies should be spurring strong U.S. wheat exports this season. But the United States, typically the world’s largest wheat exporter every year, is seeing exports of that grain down 30 percent from a ye (Read More)
Reuters:
NEW YORK (Reuters) - U.S. stocks could sputter this week as volumes dry up in holiday-shortened trading and with a slew of economic reports likely to illustrate the recovery is still fragile.
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Wall Street Journal:
Some of the fizz has left the stock market as investors reassess hurdles facing consumers and lock in gains from an eight-month rally. That defensive posture may color trading in the upcoming week.
. (Read More)
Wall Street Journal:
LOS ANGELES (MarketWatch) -- Australian stocks inched upward in early Monday trading despite a negative lead from Wall Street, though financials were mostly weak. The benchmark S&P/ASX 200 rose 0.1% to 4,690.6, with miners Alumina Ltd. and Newcrest Mining Ltd. among the leading gainings, up 1.5% and 2%, respectively. Se (Read More)
Wall Street Journal:
Gold futures rally in electric trading, as safe-haven demand helps lift the December contract to a fresh high above $1,160 an ounce.
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Wall Street Journal:
HONG KONG (MarketWatch) -- Indian shares extended gains Monday, with market heavyweight Reliance Industries Ltd. rising after news it's bidding to acquire a controlling interest in bankrupt LyondellBassell Industries. The 30-stock Sensex climbed 0.6% to 17,120.63 in early morning trading, while the 50-share S&P/CNX Nifty a (Read More)
Wall Street Journal:
U.S. existing-home sales have surged by about 25% from January through September of this year and probably hit a new 2009 high last month. Yet that doesn't mean the housing market—or the broader economy—is following suit. (Read More)
Wall Street Journal:
TOKYO (MarketWatch) -- CF Industries Holdings Inc. submitted a merger agreement to Terra Industries Inc. over the weekend containing the same economic terms as its proposal on Nov. 1, but with a 30-day "go shop" provision subject to a break-up fee and expense reimbursement, according to Terra. The board of nitrogen-produc (Read More)
Reuters:
MUMBAI (Reuters) - India gold futures struck a fresh record high of 17,499 rupees per 10 grams tracking strong international markets and on safe-haven buying. At 10:01 a.m., the December contract was trading at 17,485 rupees, up 0.55 percent.
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WSJ.com: Money:
Wall Street has rallied a long way since the dark days last winter. But there are still plenty of blue chips offering big dividend yields. (Read More)
Wall Street Journal:
Some of the fizz has left the stock market as investors reassess hurdles facing consumers and lock in gains from an eight-month rally. That defensive posture may color trading in the upcoming week.
. (Read More)
Financial Times:
The top three US credit ratings agencies are accused of 'wreaking havoc' on US financial markets by providing inflated ratings and costing state funds hundreds of millions of dollars. (Read More)
WSJ.com: PJ Main:
Here's a formula for a comfortable retirement: Wait for stocks to plunge 30%. Watch your neighbors panic. Then quit your job. Sound scary? That's the idea, writes Jonathan Clements. (Read More)