Dec 1. Monday,the Stock Market, this week.

Monday Dec 1. (12.00 CET)European Markets tanking, minus 2%-3%. U.S.Markets will open lower.
(16.00 CET) U.S. Markets plunge on opening, sinking ahead of the Economic Data, down 4%-5%.Fear of weakness in spending and retail sector.

Bernanke says: lower rates are "feasible" but have limited economic benefit.

Dow plunges 675 points, U.S Markets down 7.5% to 9%. A bad day for the stock markets at the first day of December. It means trouble worldwide for the rest of the week.

(05.00 CET) Retail the Big Story this week, sales up 2% compared to 2007, but how about profits?
Far East, Nikkei 1½% down, Hang Seng 2½ up.BSE up more than 2%.
In India political tensions rising, anger directed at security and politicians. Fear for sectarian violence emerging.
Pre-market indices U.S. slightly down.
All Ordinaries down 1½%.
Overall market sentiment mixed tending to cautious optimism.
News about openings in Europe follows.
(09.00 CET) Europe opening modestly lower.

According to the Press Digest from the FT, more than 1 in 4 borrowers are afraid about their ability to pay off debts and 16% already struggle with their personal debt pile.
Chinese production hit by record low in November. South Korean export slows in December.
UK joining the EURO in the forseeable future?

Business (NYT Permalink)
Deep Discounts Draw Shoppers, but Not Profits
By STEPHANIE ROSENBLOOM - Published: December 1, 2008
The discounts that drove shoppers to stores were so steep that many ailing chains may be no better off in the long run.


(Reuters) PRESS DIGEST Financial Times - Dec 1

Defiant Cafe Leopold in Mumbai reopens
(01:11) Report
Nov. 30 - The Cafe Leopold, one of Mumbai's famous landmarks and popular backpacker hangout, reopened its doors on Sunday, days after gunmen fired on its customers as part of a coodinated attack on India's commercial capital