RegMed Sector, higher open anticipated

Monday, 3 December 2012

*Stock futures edge higher ahead of ISM data…*

*The main U.S. stock indexes were called higher on Monday after better-than-expected manufacturing data from China and comments from Treasury Secretary Timothy Geithner ** on the “fiscal cliff.”*

*DOW futures are UP +0.32%, the S&P futures are UP +0.30% and NASDAQ futures are also UP +0.53%.*

*European stock markets start December on an upbeat note Monday.* *Asia’s major stock markets finished on a softer note Monday, as upbeat Chinese manufacturing data wasn’t enough to dispel concerns that the mainland’s recent economic recovery could fade out next year.*

*** There were few concrete signs of a resolution of the “fiscal cliff”, a combination of tax hikes and spending cuts which is due at the start of 2013. However, on Sunday Geithner said that the Republicans would ultimately agree to raise tax rates on the rich to avert the potential economic disaster of the cliff.*

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