OREANDA-NEWS. November 22, 2011. US stocks closed down with Financial and Industrials as the laggards as Congress Supercommittee failed to come to any agreement on the budget deficit. S&P 500 index declined 1.86%, Russell 2000 Index was down by 2.44%. VIX inched up by 2.84% to 32.91. Chicago Fed Manufacturing Index declined to 0.13 in October, below consensus forecast of 0.19. Existing home sales inched up by 1.4% to 4.97 mn, above consensus forecast of 4.87 mn.

Asian indices were down on Tuesday but retraced up closer to the end of the day. S&P/ASX 200 declined 0.72%. Korean Kospi was up by 0.3%, Hang Seng  lost 0.58%. Japanese Nikkei lost 0.29%. Shanghai stock indices declined 0.5% on average at 6:00 GMT.

IIIQ GDP data and the Richmond Fed Manufacturing Index are to be released in the US today.

4 S&P 500 companies and 3 Bloomberg Europe Index company are to present quarterly earnings reports.