US initial jobless claims data to announce today

China's economic meeting ended without announcement of any stimulus steps. Chinese exports shrunk 2.2% in November (YoY), seen largest drop since April 1999. China's CPI rose 2.4% in November, seen weakest pace in almost 2 years.
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Home » News » Markets » International Markets

Dec 11, 2008, 06.22 PM | Source: CNBC-TV18

US initial jobless claims data to announce today

China's economic meeting ended without announcement of any stimulus steps. Chinese exports shrunk 2.2% in November (YoY), seen largest drop since April 1999. China's CPI rose 2.4% in November, seen weakest pace in almost 2 years.

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US initial jobless claims data to announce today

China's economic meeting ended without announcement of any stimulus steps. Chinese exports shrunk 2.2% in November (YoY), seen largest drop since April 1999. China's CPI rose 2.4% in November, seen weakest pace in almost 2 years.

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Closing Bell

Excerpts from Closing Bell on CNBC-TV18 Watch the full show ¬Ľ

Here is a transcript of Varinder Bansalís comments on CNBC-TV18. Also watch the accompanying video.

Asian markets ended mixed on uncertainty about US auto bailout package. Shanghai fell 2.28% and Straits Times down 1.51%. Taiwan was marginally down. However, Hang Seng, Nikkei and Kospi gained 0.23-0.75%.

China's economic meeting ended without announcement of any stimulus steps. Chinese exports shrunk 2.2% in November (YoY), seen largest drop since April 1999. China's CPI rose 2.4% in November, seen weakest pace in almost 2 years.

South Korea has cut interest rates by 100 bps to 3%, the most since 1999.

European markets were trading mixed. FTSE was up 0.23% at 4,377. However, CAC fell 0.4% to 3,307 and DAX down 0.5% to 4,781.

House of Representatives approved $14 billion auto rescue package with 237-170 votes but the deal faced opposition from the Republicans on Wednesday.

US data to watch

Auto rescue package

Export/import prices

Initial jobless claims

Trade balance

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US initial jobless claims data to announce today

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