OREANDA-NEWS. November 8, 2011. US stocks inched up on Monday with Healthcare (+1.16%) and Telecommunications (+0.84%) as the leaders. S&P 500 index added 0.63%, Russell 2000 Index was down by 0.18%. VIX declined by 1.03% to 29.16. Consumer credit rose to USD 7.386 bn in September, above consensus forecast of USD 5.15 bn. ECB stark said that the measures applied would eliminate any direct danger to the European financial situation in the coming 1-2 years.

Of 411 companies reported, 298 topped analysts’ expectations in terms of EPS so far in the US. In Europe beat to trail ratio was 101:92.

Asian indices were mixed on Tuesday. Shanghai stock indices were unchanged on average as investors awaited inflation data. S&P/ASX 200 added 0.48%. Korean Kospi lost 0.83%, Hang Seng  - added 0.21%. Japanese Nikkei declined by 1.27% after Olympus admitted it had been manipulating earnings for a few years.

The German trade data, UK Manufacturing statistics will be in focus in Europe today.

3 S&P 500 companies are to present quarterly earnings reports.