NEWS
- White House reviews Democratic auto bailout, no deal yet,
GM, Ford shares up on bailout prospect
- Japan deeper in recession Q3 GDP shows, world's No.2 economy faces longest period of contraction ever
- US job cuts mount across sectors as economy worsens, Dow
Chemical to shed 5,000 jobs, Wyndham Worldwide 4,000 jobs
- Westpac raises $1.7 billion to bolster balance sheet
- Japan mulling $216 bln economic package - Yomiuri
MARKETS
- Asia stocks edge up, Nikkei up 0.5 percent, investors steer clear of risk
- Dollar up against euro, focus on auto bailout. Oil little
changed near $43.80
- Dow up 3.5 pct, S&P up 3.8 pct, Nasdaq up 4.1 pct
QUOTES
"Obama looks like he's going to be able to fast-track one of the largest infrastructure spending packages since the history of mankind." - Arthur Hogan, chief market analyst at Jeffries & Co in Boston.
"Look at the sectors that are working, anything infrastructure-related in getting a lift." - Kevin Kruszenski, of KeyBanc Capital Markets in Cleveland
"Given that interest rates cannot be negative, further monetary policy actions are limited." - Boston Federal Reserve President Eric Rosengren.
EVENTS
Tuesday, Dec. 9
BEIJING - Dinner speech by ECB board member Smaghi on financial crisis
OECD Economic Survey of United States
U.S. National Association of Realtors issues pending home sales index for October; monthly housing forecast
German October trade balance
French October trade data
UK October Manufacturing, Industrial Production
World bank issues forecasts for global economic growth