MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Climb Amid Optimism Over Budget Negotiations; amid investor optimism that lawmakers will reach a resolution in federal budget negotiations. The S&P 500 increased 0.4 percent to 1,415.95, the highest level since Nov. 6, at 4 p.m. in New York. The Dow Jones Industrial Average rose 36.71 points, or 0.3 percent, to 13,021.82. About 6.2 billion shares traded hands on U.S. exchanges today, in line with the three-month average, according to data compiled by Bloomberg.

European Stocks Climb Amid Optimism on U.S. Budget Talks; as optimism grew that U.S. President Barack Obama will reach an agreement with Congress on a new budget. The U.K.'s FTSE 100 climbed 1.2 percent, France's CAC 40 gained 1.5 percent and Germany's DAX added 0.8 percent.

Oil Trims First Monthly Gain Since August as Rise Seen Excessive; amid signs that the biggest daily rise in almost two weeks was excessive. Crude for January delivery dropped as much as 60 cents to $87.47 a barrel in electronic trading on the New York Mercantile Exchange and was at $87.59 at 10:39 a.m. Sydney time. The contract increased $1.58 yesterday to $88.07. Prices are down 0.8 percent this week and up 1.6 percent this month.

Source:Jupiter Securities Research, 30 November 2012