[DavidWaring]

Over Night News and Over Seas Markets:

• Indexes in Asia and Europe up on increased spending by US consumers over the Thanksgiving holiday.
  
• In Europe: FTSE up .4 %, CAC 40 up .3%, DAX up .4%
  
• In Asia: Kospi up 4.7% (the second biggest point increase on record), Nikkei up 1.7%, and the Hang Seng up 4.1%.
  
• HSBC taking $45 billion of SIV assets onto its own balance sheet. The bank does not expect any material impact on earnings or its capital strength according to a statement. Investors will still bare the risk of losses from those funds but this will save the funds from having to liquidate assets in an illiquid market. This is also significant as it reduces the amount of assets in SIV’s and will hopefully make the cleanup easier. HSBC Shares up .3% on the news.
  
• The UK Treasury has named Virgin Group as the preferred bidder for Northern Rock, the UK mortgage lender bailed out by the Bank of England two months ago. Northern Rock shares up 57% on the news.
  
• In Australia the labor party with an overwhelming win as predicted. Kevin Rudd the new prime minister’s priorities are in line with the outgoing administration when it comes to fiscal and monetary policies so traders are not anticipating large changes there as a result of the election.
  
• Data in Europe was mixed with flash manufacturing PMI rising for the first time in 5 months but flash service sector PMI falling to its lowest level in 5 years.

Forex Markets:

• Dollar is rallying on a short covering rally with
  
• EUR/USD Trading at: 1.4842
  
• USD/JPY Trading at: 108.39
  
• and GBP/USD Trading at: 2.0683

US Markets:

• S&P Futures Vs. Fair Value at +7.7 points
  
• NASDAQ Futures Vs. Fair Value at +9 points
  
• Shopper Track says sales rose 8.3 % year over year the day after thanksgiving which was strong so the questions now are on what margins were the stores able to achieve the increase and will the increases extend into December.
  
• Today marks the start of the online holiday shopping season and eBay and Amazon are rising in European trade on hopes that record online sales will be posted.
  
• Lots of fed speak this week with 8 feed speeches on the calendar beginning Tuesday with Philly fed president Plosser. Traders will be watching the tone of these speeches closely and any signals of a change from the watch and wait tone we have gotten up to this point.
  
• Nothing of importance on the calendar today in the US with the first important data of the week being tomorrow’s consumer confidence survey.

Commodities Markets:

• Spot gold trading up $8 and ounce to $832.40 and oil rising to $98.93 on doubts that OPEC will raise output in its meeting in Abu Dhabi next week and falling temperatures in the US.

That’s it for our “All the Data that Matters” report for Monday November 26th 2007. As always please visit us at informedtrades.com for lots of video news and education for active traders, feel free to email me at david@informedtrades.com with any questions, and have a great day!