*Morocco relegated to frontier market stocks index. Morocco, which has avoided the worst of its neighbours' turmoil, became the latest casualty on Wednesday when it was relegated in the leading MSCI indices from the league of established emerging markets to the "frontier" division of economies with less developed capital markets.» Read More
We're going to have the ISM numbers just as soon as they are released. The report-- from The Institute for Supply Management will probably show its manufacturing index for November was at 51.8. That compares with October's reading of 51.2-- which was the lowest since June 2003.
U.S. economic growth turns out to have been better in the third quarter than originally expected. But new home sales in October turned out to be a lot worse than expected. On Morning Call--CNBC’s Senior Economics Reporter Steve Liesman put the data in perspective.
Australian building materials maker Rinker Group formally rejected a $12 billion takeover bid by Mexico's Cemex on Wednesday as opportunistic, and said the company was worth nearly 40% more.