US MArket Closed lower with cyclical sectors leading on tyhe downside...Energy was on the only sector up on oil move on news Opec might curb output in 2014...VIX @ 14.55 +2.25%...Brazil -1.75%...Shanghai Composite was the lone index to trade higher, with other markets tracking softer US sentiment. MOFCOM spokesperson said to have announced plans for as many as 18 new free-trade zones, while finalizing 12 free-trade agreements with ASEAN, Singapore, Pakistan, New Zealand, Chile, Peru, Costa Rica, Iceland and Switzerland, Hong Kong, Macau and Taiwan. Commerce Min still in negotiations on 6 agreements: South Korea, Gulf Cooperation Council, Australia and Norway FTA...Shanghai +1.11%... BOJ board member Sato noting that while further policy easing cannot be ruled out, the magnitude of April 2013 launch of QE would be hard to replicate; Does not see need for a preemptive easing if the impact of sales tax hike is temporary. Nikkei225-2.17%
Eur$1.3578 S&P Fut +0.15% European fut+0.2%
Keep an eye on : - AC FP : Accor Raised to Buy at UBS, Sees Better Revpar in Next 2 Yrs - CS FP : AXA CEO Says Company in Line With Mid-Term Plan - AVV LN : Aveva Offers Buying Opportunity; M&A May Loom, Berenberg Says - BMPS IM : Foundation Mulls Paschi Stake Sale Before Dec. 27 Vote: Sole - CLS1 GY : Celesio investor Elliott aims to boost stake, exert influence - EAD FP : EADS to Compete in NATO Missile Defense System Tender, Welt Says - EKTAB SS : Elekta 2Q Op. Profit, Sales Miss Ests; Keeps FY Forecast - GLPG BB : Galapagos Says Phase 1 Results Positive for GLPG1205 - INGA NA : ING Top Restructuring Stock Among Europe Banks, Nomura Says - SIE GY : Siemens to Deliver Trains as Early as This Month: Sueddeutsche - UCG IM : Avoid Popular, UniCredit a Better Trade, Macquarie Says - VOD LN : Vodafone May Be Looking at Italian Assets: Sole