Links: Italian Yields Fall on Austerity, Euribor Rates Rise

Here are a few links before the U.S. market opens. European equities and U.S. index futures are up and Italian bond yields are down on Italian austerity measures. Oil is rising with "risk on" and the drama in Iran.

*Added: The End of Growth in the United States (

Merkel Heads to Paris as EU Leaders Seek Debt Strategy (Bloomberg)

Italy PM Monti unveils sweeping austerity package (Reuters)

Monti Seeks Support for 30 Billion-Euro Austerity Package to Trim Italy Debt -delay retirement, tax on first homes... (Bloomberg, Video)

Italian Bond Yields Fall After Austerity Package (WSJ)

Euribor rates tick up on debt crisis tensions (Reuters) *banks' overnight deposits with the ECB hits new 2011 high

Commerzbank to Boost Capital (WSJ)

Q&A Euro crisis: everything you need to know (Telegraph)

Fed may give loans to IMF to help euro zone: paper (Reuters)

Euro-Zone Central Banks, Fed To Strengthen IMF To Save Euro -Report (WSJ, sub)

Deutsche Bank Could Transfer Contagion: Simon Johnson (Bloomberg) 12/1/2011

10-Year JGB Yield Hits 1-Week Low; ECB Meeting, EU Summit Eyed (Dow Jones)

UK banks face higher financing costs (FT)

Recessionary Trends Persist In British Economy: Capital Economics (Nasdaq/RTTNews)

Broker-dealers eye common technical standards (FT)

Iran Makes New Claim It Downed U.S. Drone (WSJ)

Iran threatens to retaliate for US drone shot down within its territory (Australian)

U.S. official says Iran becoming a pariah state (Reuters)

Brent Crude Oil up near $111 on Iran supply risk concerns (Reuters)

Dems to offer payroll tax-cut 'compromise' (UPI)

Cost of federal unemployment benefits so far: $434 billion (CNN Money)

160,000 jobless Michiganders at risk of losing safety net (emergency unemployment benefits expire at the end of the year in the U.S.) (Detroit Free Press)

Unemployment leading to California exodus (CBS News)

Bankruptcy might be Detroit's only option, experts say (Detroit Free Press)

Facing bankruptcy, US Postal Service plans unprecedented cuts to first-class mail next spring (Washington Post)

China slowdown spreading, HSBC services PMI shows (Reuters)

China's Hard Landing (WSJ)

China to prepare for social unrest (FT)
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