SNAPSHOT - Financial Crisis - 1650 GMT

NEWS - Obama urged to shape new economic order - Grim U.S. jobs, services data greet new president - US mortgage applications slump to 8-year low - Pacific Rim nations meet on crisis, G-8 an issue - Brown urges UK banks to pass on interest rate cuts - German cabinet approves 50 billion euro growth plan - Italy readies bank plan, UniCredit boosts lending - Swiss up deposit insurance, set tough capital rules - Euro banks spread gloom as pofits, forecasts fall - BOJ focus on crisis, warns against cutting too far - Key bank-to-bank lending rates hit 5-month lows - Britain, euro zone rate cuts expected this week MARKETS - Stocks mostly steady as Obama takes White House - European shares fall 2 percent - Wall St falls as economy overshadows election - Fannie Mae sells $2 bln bills at lower rates - Dollar trims gains after US services ISM - Oil falls 3 pct, US fuel inventories rise QUOTES "We need to change the current crisis into a new opportunity. We need a new deal for a new world," said European Commission President Jose Manuel Barroso "The knee-jerk complacency rally in Asia to an Obama win is likely creating an opportunity to sell. The bottom line is economic fundamentals in the U.S. are deteriorating faster than the market can keep up with. And there is very little an Obama administration can do to shield Asia from the effects of this downturn." - Kirby Daley, Newedge Group in Hong Kong. "It's growing clear that the recession is going to have a shelf life unlike the last recessions in both scope and duration." - Doug Kass, founder and president of hedge fund Seabreeze Partners Management "It's a vote for change and has to inject a degree of optimism that America can again reinvent itself." - Rob Henderson, head of market economics with National Australia Bank in Sydney. EVENTS Wednesday, Nov 5 LONDON - Bank of England (BoE) Monetary Policy Committee (MPC) meeting TRUJILLO, Peru - Start of two-day APEC finance ministers' meeting Thursday, Nov 6 JAKARTA - Bank Indonesia Board of Governors; meeting FRANKFURT - ECB Governing Council meeting, followed by interest rate announcement 1245 GMT. LONDON - BoE MPC announces interest rate decision 1200 GMT REYKJAVIK - Icelandic central bank publishes Monetary Bulletin 2008/3 (Compiled by World Desk, London, +0207 542 4123) Keywords: FINANCIAL/SNAPSHOT 1650 GMT COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved.

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