OREANDA-NEWS. November 28, 2011. The US exchanges were traded a shortened day on Friday due to the passed Thanksgiving Day. S&P 500 lost 0.27% while Russell declined by 1.21% with Oil & Gas and Technology as the laggards. EU indices closed up as hopes emerged for the new bailout scheme in Europe. These hopes were supported during the week-end as media reported that the new EFSF scheme is likely to be approved later this week and that the IMF agreed to lend euro 400-600 bn to Italy. However, these reports have not been confirmed officially so far.

Asian indices rose on Monday. S&P/ASX 200 added 1.85%, Hang Seng  was up by 1.97%. Japanese Nikkei inched up by 1.56%. Korean Kospi added 2.19%. Shanghai stock indices lost on average 0.5% as real estate market worries mounted and one major bank analysts cut 2012 GDP forecast to 8.4% from 8.7%.

The European bond auctions, German CPI data, US New home sales for October will be in focus today.