The 6am Cut London, FT Alphaville – Kate Mackenzie

NEWS

“Asian shares dropped for the first time in three days as the re-election of US President Barack Obama shifted investor attention to the looming budget showdown in Washington.”
Greek parliament passes austerity package
Japan’s machinery orders fell more than expected in September and the trade surplus narrowed.
China’s October data talked up
US home prices rose in Q3
Lenovo Group reported a net profit of $162m
EU hits back at IMF over austerity:

OVERNIGHT MARKETS: DOWN

Asian markets
US markets
European markets
Currencies
Commodities ($)
CDS (closing levels)

Sources: FT, Bloomberg, Markit