euro stoxx 50 up just a tad as well. on wall street this hour, the dow trading up by about 0.25%, and the euro trading at a value of $1.3242. >> to the u.s. now where new date has revealed stronger than expected growth in the third quarter. the economy rose by 3.1%. housing sales were stronger than predicted. >> analysts say increase consumer spending is behind the figures, but they warn that the cost of hurricane sandy will likely slow down growth in the fourth quarter. meanwhile, investors are keeping an eye on washington as the deadline to avert the so-called fiscal cliff comes ever closer. >> a different kind of click now -- thousands of mystics, new-age and deals and fans of pre- hispanic culture made their way to mexico in hopes of witnessing great things in less than 24 hours now. that is when the old mayan calendar predicts the end of the current world and the dawn of a new one. >> many of today's ethnic maya do not understand what all the fuss is about. mostly christian, they have looked on in wonder at the infl

euro stoxx 50 closed just a a tad up. -- just a tad up. the dow jones is at 13,076. the euro is trading at 1.3079. >> un generate -- un secretary general ban ki-moon is calling on nations to come to an agreement about how to stop global warming. he made those comments at the climate talks in qatar. and he is trying to break a deadlock between the countries who are attending. >> our reporter has been talking to some delegates. >> at a climate summit press conference in doha, indian -- this indian spiritual leader described the effects of climate change in the himalayas. he says melting glaciers and a loss of bio-diversity are signs that the world cannot ignore, signs that drove him to do more to help the environment. >> giving the blessings to the people and healing that is not enough. i have to do more. the whole world is suffering from this climate crisis. >> he always carries holy water with him. he says it has stress-relieving properties, and that could be needed here. negotiators have come from all over the world. u.n. secretary general ban ki- moon is also here

the euro stoxx 50 ended the day just a tad down. the dow jones is currently going down over 1/2 of 1%. >> hong fighting broke out in the ukrainian parliament -- fighting broke out -- >> fighting broke out in the ukrainian parliament. >> there are claims the governing coalition broke parliamentary rules by trying to force through the both. after the disruption, parliament elected a government-backed candidate to lead it. >> gentlemen, behave. >> japan is facing a new general election. >> more on that in a few minutes. first, these other stories making news. japan has accused china of violating its airspace after a chinese government plane was spotted over a group of disputed islands in the east china sea. japan this past fighter jets and launched an official complaint with -- japan dispatched fighter jets and launched an official complaint. the islands are claimed by both japan and beijing. >> palin's prime minister has been charged with murder. the charges relate to the death -- thailand's prime minister has been charged with primer

stoxx 50 at 2624. the dow jones is currently up almost 1%. the euro is trading at $1.3007. >> agrees has reached their target in a bond buyback scheme, at least they are calling to the state tv. >> they bought the bonds at a discount of 70% from investors and the private banks. this was a condition for them to receive further eu funds. finance ministers are set to meet to discuss releasing the bailout funds. british banking giant hsbc has agreed to pay a record $1.9 billion to settle a money- laundering case. investigated by authorities in the united states. >> hsbc was accused of using the u.s. financial system to transfer funds from mexican drug cartels and from countries like iran that had been placed under international sanctions. >> the u.s. government says hsbc invaded these practices. they've have been said to enabled terrorists and others to ensure bent sanctions. despite the hefty amount, this will have them avoid prosecution. this is unlikely to spell doom. >> the company is are dealing with this talking about cost- cutting measures

the euro stoxx 50 ended the day almost 1/4 of 1% down. across the atlantic, the dow jones is currently going up just a tad. the euro is trading for 1.2934. >> 7.2 magnitude earthquake has struck off the coast of indonesia. reports saying it hit off shore of -- about 200 kilometers northwest of those islands. >> no tsunami warning has been issued. the usgs said the quake was reported at a depth of 158 kilometers. indonesia's's position within the ring of fire makes it prone to it -- indonesia's position within the ring of fire makes it prone to earthquakes. travelers have another nasty surprise waiting for them this morning -- and announced -- an unannounced strike by security workers. that caused several flights to be cancelled. >> frankfurt was particularly hard hit. today's strike complicated cleanup efforts from a recent bout of pretty harsh winter weather. german exports surged to a new high in october. >> the german companies sold almost 100 billion euros in goods and services in the month, up almost 10% compared to last year. it is

the euro stoxx 50 closed up at 2582. the dow jones is currently going down about 1/4 of 1%. the euro is trading $1.3660. we turn our attention to syria, where the human cost of the civil war is not limited to loss and destruction inside the country. some half a million summer -- syrians are refugees in neighboring countries. >> for those studying abroad in europe, the anxiety about the safety of their loved ones can beat all consuming -- can be all-consuming. >> this man is torn between remaining where he is and returning to war-ravaged syria. he has been studying medicine in germany for five years and is now doing his residency. he is having trouble concentrating on his professional career. his family can no longer support him financially. that means he spends long hours at the hospital perform ultrasound, x-rays, and supervising therapy. he also has a part-time job on the side. it is an exhausting routine that leaves little time for anything else. >> when i finally get home, i just want to lay down and do nothing. but that is also difficult. i watched the news -- i watch t

euro stoxx 50 also made gains on the day. crossing over to new york, the picture is quite different. a lot of pessimism there. the euro gaining some ground against the dollar. it is not the only source of uncertainty in the world economy. >> a leading economic think tank says confidence is down in many german sectors compared to this time last year. the big picture does not actually looks so bad. >> the economy may have studied this year, but on the whole, 2012 was a good year for german industry -- certainly better than in many other countries. still, the business climate is cautious. in half of the sectors, confidence slid compared to next year. that is the result of a survey of 46 industry associations by the iw economic institute in cologne. >> sentiment was down in the second half of the year after the worries about the future of the bureau, which would have had a drastic effect, and the memories of the sharp decline in 2009 have made people a bit cautious. >> the study concludes that the picture painted by business sent

euro stoxx 50 up slightly. the euro is trading for $1.3161. israel's foreign minister has resigned. >> that is right. his announcement comes a day after he was charged with fraud and breach of trust. the charges relate to allegations that he received classified documents concerning an investigation against him. he denies the charges and says he will now fight to clear his name. his resignation comes less than five weeks before national elections in israel. his party is running on a joint ticket with the prime minister's party. a united nations conference on the future of the internet has just ended in dubai with no agreement. >> the u.s. and many western countries refused to sign a treaty which they believed would pave the way for online censorship. the u.s., canada, and britain said some of the new provisions gave government too much control over internet use and content. the changes were supported by 89 countries including russia, china, and saudi arabia. >> coming up, as egypt prepares to vote, why is the new constitution so divisive? we wi

euro stoxx 50 closed about 0.3% up. the dow jones going up just a tick. the euro trading for $1.3099. >> a major coup for german authorities in their fight against tax evasion. state prosecutors purchase a cd containing data on germans with almost 3 billion euros stashed at swiss bank ubs. and to report includes the information on more than 250 foundations with millions of euros of untaxed assets. officials say there is no indication that ubs employees assisted german clients in evading taxes at home. >> in a moment, we will be taking a closer look at the situation in kosovo five years after the country declared independence. >> but first, other stories making news -- a fire in a garment factory in southern china has killed 14 people and injured one. because of the blaze is not yet known. senior officials have ordered an inquiry into the incident. workplace officials often fail to adequately enforce workplace safety standards. >> in greece, a bomb has exploded in an athens suburb. no one was hurt, but the explosion damaged adjacent businesses. some have c

euro stoxx 50 close almost 0.5% up. across the atlantic, the dow jones is currently going up just a tad -- 13,043, the number there. the euro is trading for $1.2955. a legendary brazilian architect has died. he is best known as the father of brasilia, the modernist capital city erected in the amazon jungle. >> his future is to creations of concrete and steel won him international acclaim. he continue to work up until his death. he passed away at his home in rio de janeiro at the age of 104. >> he was a star of architectural modernism, best known for designing the new capital city of his homeland. he constructed the city of brasilia more or less from scratch in 1960. now the brazilian capital city has its detractors, but it remains a unique architectural projects. >> people either like brasilia or they do not. it is unique. today, there is definitely better architecture, but there's nothing like brasilia. >> oscar niemeyer lived in rio de janeiro all his life. he was born in 1907 and was philosophical about the passage o

euro stoxx 50 up .3%, and the euro is coming close to $1.30. >> finally good news for the indebted country. the u.s. ratings agency standard and poor's has upgraded greece's credit ratings. their best reading since june 2011. >> the agency they credited the eurozone strong support for greece, and it is committed to keeping athens in the currency. the upgrade comes after the successful creek by that program earlier this month. the former ceo of car maker porsche is facing charges of market manipulation relating to the company's attempt to buy volkswagen back in 2008. >> is accused of denying portion of's takeover plans, although the move was already under way. prosecutors say that had an impact on the share price, and investors were misled. the takeover ultimately failed, and portia was itself bought out by vw. -- porsche itself was bought out by volkswagen. >> 5, 4, 3, 2, 1, and lift off. >> on board are one american, one russian, and a canadian. it will take a crack about to be would days to reach the iss. -- it will take the craft about two days to reach the iss. vulcanologists in russia

but the stoxx europe 600 broadly speaking down about .25%. the major bourses have been on a nice run over the last several trading sessions today. adding to that, the ftse up another .4%. we know the sell-off that we saw on monday and the monte/berlusconi news, now berlusconi might be indicating willingness to let monti govern. the xetra dax is lower this morning. the ftse 100, too, down about 0.2% respectively. take a look at the bond curve. spain, this will be a good proxy for now. we'll get the ten year for italy in just a second. 35.34% is the level there. u.s. benefiting from fund flows well. choppy trade across the picture here. let's look at the italian curve before we get the results later today. we are seeing green across the board, so yields dipping before that probably has more to do with the political rhetoric we're seeing especially coming from berlusconi. under 4.6% for the ten-year and on the short and two, a bit of a rally. finally, let's close taking a look at the forex. euro/dollar is weaker. and it's holding just above 1.30

euro stoxx 50 lost more ground than that. as for the dow over in new york, it is down 0.6%. the euro shedding just a little bit of ground against the dollar. >> in other news now, the united states says it deeply regrets the passage of a new law in russia that bars american citizens from adopting russian children. president vladimir putin has signed the law, which places new strains on bilateral relations. >> the new law comes in response to american legislation that withholds visas to russians accused of human rights violations and freezes their u.s. assets. >> most bills signed by president putin have not been subjected to so much public scrutiny, but the ban on americans adopting russian children is controversial, so putin's strategy is to appeal to russian patriotism. >> as far as i know from opinion polls, the vast majority of russian citizens have a negative opinion of foreigners adopting our children. russia can and must look after its own children. >> at the same time, a russian judge acquitted a former prison doctor. human rights activists say he is responsible for

your socks 50 -- euro stoxx 50 giving up 0.25%. the euro slightly weaker against the dollar, trading at a value of $1.3175. >> turning to france now where the economy is set to show minimal growth in first half of next year, according to the french national statistics institution, who predict a rise of 0.1%. >> france's economy also barely grew over the course of this year, but in what many analysts see as overly optimistic, paris has set a growth target of 0.8% for 2013 and says it is still confident it can cut its deficit to below the you-mandated level. a german power utility is cutting 1300 jobs as part of a 750 million euro cost-cutting program. >> it is germany's third biggest power company. most of the job losses will be among support and administrative staff. the company has struggled financially from having to shut down to below of its nuclear reactors over safety fears in the wake of the fukushima disaster. >> ratings agency standard and poor's has downgraded cypress again. its sovereign debt already has junk status. now

euro stoxx 50 was down on the day. in new york, trading is still under way. it is also not really doing a whole lot today. as for the euro against the dollar, it is above that key $1.30 level, trading for $ 1.3002. unemployment in the eurozone climbed to yet another record in october. and 11.7% of the working age population, about 19 million people, are without a job. in spain, that means one in every four people are out looking for work and a dependent on state aid. >> but it is not all bad news. ireland has managed to turn its major recession around and is now posting gains thanks to a lifeline from the e you. >> two years ago, ireland receive more than 67 billion euros from the eu bailout fund, and the money appears to have helped. the government was able to sink its annual deficit from 32% to 8.5% of gdp, and it is paying much lower interest on government bonds, and the irish economy is growing. only unemployment remains stubbornly high. in october, the jobless rate was still above the eurozone average at 14.7%, but in countries hard hit by the euro crisi

we're weighted to the up side a little bit more than 7:2, advancers outpacing decliners on the stoxx 600. ftse up 1.5% last month, dax up 2, contact 340 up nearly 4%, xetra dax up 0.4%. the ibex fairly flat. let's show you where we are with bond rates, as well. we'll take a look at gilts. slightly lower, 1.77%. big day for uk. manufacturing pmis out for the month of november. italian and ten year sbpanish yields are also lower. down on the greek announcements, but substantially below 6%. ten year bunds 1.37%. those yields slightly higher. on the currency markets, we talked about this euro-dollar six week high. below that at the moment, but not by much. dollar-yen moving off the 7 1/2 month high at 82.17. aussie dollar weaker despite the good chinese data. dipping below 1.04 earlier on. we had retail sales data that was a little bit disappointing. sterling-dollar back above 1.60 as we wait for the pmis. the most searched terms apparently of 2012 were the u.s. election and iphone 5. and while the most searched person of the year was kim kardashian, this is according to yahoo! search en

the stoxx europe 600 just a little bit higher. 0.01% to the upside, roughly split between decliners and advancers this morning. and a mixed picture across the major bourses, as well. looking for a mixed picture after all the data we got today. for the most part, the ftse and xetra dax trying to eek out small gains. a couple of names in particular to focus on, top movers today, alcatel lucent, look at that, up more than 9 the%. it was procured a $1.6 billion credit facility. akzo nobel is shedding it's north american paint business for $11 million. not sure that's sending the best signal about the strength of the u.s. market. fiat is down nearly 6% this morning on talks of raising capital there. any further news we get on that front, we will bring to you. quick check on the bond wall as we do that now. as you can see there, the uk gilt is telling offer a little bit. yield riding to 1.78%. whether it's the bund or even yields in spain are falling as prices rise a little bit. so there is light at the end of the tunnel according to our next guest. he says the global economy is close to reac

right now we're pretty evenlies passed, advancers just about outpacing decliners on the stoxx 600, but not by much, 5:4 if that. so one hour into the trading session, this is where we stand. the ftse 100 just flat, a flat close yesterday. the dax was essentially fairly flat yesterday. up just ten points. the cac 40 yesterday doing a little bit better, up 0.2%. first pointing out ftse up 9 out of the last 11. we have seen yields continue to decline in spain. just 5.23%, but still capped. spain requesting financial assistance. we'll keep our eye on the uk as we head toward the bank of england meeting this week p. dollar index has hit a one month low. you're redollar up to euro-dollar up near the high we saw yesterday. dollar-yen moving away from the 7 1/2 month high. rebounding against the dollar and the euro ir, as well. priced in a lot in terms of monetary policy out of japan. and aussie dollar, 1.0463, yes, we have cut the cash rate in australia to match the record low of 3%. but we see the aussie dollar rise because it's pretty much all priced in. sterling-dollar also getting a benef

now on the global trading day in europe. 5-4 advances just about outpace decliners on the dow jones stoxx. most european stocks were up yesterday. the dax up 13 points. the dax, second highest close of the year, still up 27.5% for the year. right now, the ftse sound, the cac kron, closed at a fresh 52-week high. and the ftse is up 13 points despite falls from italian banks. let's show you where we are as far as the bond yields are concerned. we just check in. italian yields, 4.4% on the year. we'll show you the twos and tens, as well. i'll give you more on how that compares to where we closed yesterday. so the two-year, that's the low where we were yesterday. 10-year spanish yields, 5.581%. two-year yield, 2.35%, kind of where we were yesterday, too. and they're continue to go appreciateslide slightly from yesterday's close. as far as currency markets, 1.2880 was the two-week low on the euro/dollar. dollar/yen, 82.38. slightly firmer. you've got the nexus for the dollar is that the fact should extend their asset purchase plan. in the end, the party is doing pretty well on the polls. aussi

stoxx europe 600 is down about .6% this morning, this after word that house speaker john boehner's plan b didn't come to a vote last night. he couldn't get them in place apparently. we'll have plenty more on the impact of that on the program. not much here, we see decliners well outpacing advancers. the ftse mib in italy down .6%. the ibex down .4%. the dax selling off .5% lower than yesterday. same goes for the ft. if it is, down .8%. 5909. how quickly we've gone from talking about 6,000 to talking about 5,900. the german bund rallying. same goes for the uk. we're seeing a rotation into safety, out of risk and out of spain and italy. about 4.5% for italy. thin trading in markets is exacerbating the move that we're seeing as we approach the year. today, the austy dollar is weaker against the u.s. dollar by about .4%. proxy there for global growth prospects. the dollar/yen is weaker by about .25%. this as markets digest the news out of the boj and gauge whether they'll be successful in boosting inflation ultimately. the euro/dollar, 1.3221. so for trading in asia, just how japan, china a

the stoxx 600 is down abo about .37%. let's take a look across the trade. the ftse down .2%. the xetra dax is shedding about .5% this morning. ftse 100 is holding up better, down in the range of .2%. this follows a strong report friday that had boosted markets. we were expecting to come into the session with a positive attitude and that should underscore the extent to which we are seeing weakness. take a look at how investors are seeing the range there. we're seeing the rotation out of the periphery. italian markets are just shy of 4.8%. spain, similarly seeing a bit of a sell-off. yields rising to 5.63%. yields are benefiting as a result. quick look at forex, the euro/dollar was weakening on the back of this news. now we're seeing it just a little bit higher above that 1.29 level, 1.2904 to be exact. over here, we're going to get into more in the program about the dollar/yen. but this is restreeting a little bit. the aussie dollar is a bit weaker this morning. for more on that and asian markets, we're joined now by li fi fishwen. >> thank you, kelly. most asian markets kicke

we saw asian stoxx doing decently well, so just kind of underscores how unhappy the market is this morningews out of italy. look at what's happening with debt. as we check in with bond markets, the italian tenure is seeing its yield rise. 4.88%. i know it doesn't seem that high, given some levels we were at last year. but if you consider that we've risen, i don't know, in the range of 30 to 40 basis points or .3 percentage points just on this news, it is pretty significant. spain, same thing, we're seeing 5.67 about the level there. other bond yields are benefiting as a result. back over to you guys. i'm sure carolin, too, can help us try to understand now what this all means with mario monti potentially still involved with the next eye toolan government. that may help reassure the markets somehow. >> thank you very much, kelly. we are looking forward to that. right after this, we will be getting that live report from rome. that's where people are starting to figure out, the politicians are out in force campaigning for life after mario monti. but first, today is forecast to be the busiest