– American Session
General Market News
European shares traded mixed with slight change after stocks on auto sector dived and energy stocks moved up. Continental shares lost around 4.5 percent after profit taking by the investors, while Renault declined by 2.3 percent after the French Prime Minister reported that the Government do not want a merger among Japanese automaker giant, Nissan, and Renault. The telecoms equipment company Ericsson and the networking group Cisco, agreed in a partnership, boosting up Ericsson’s shares by 2.4 percent. The US stock index futures reported minor losses today, following weaker than expected trade data from China for October session, adding worries regarding the global economic growth. The Canadian Mortgage and Housing Corporation announced the Housing starts for October session, reporting a lower than expected reading. Specifically a 198.1K figure released, against a 200.0K that was expected.....
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