20101130 1152 Breaking News.

India's economy grew a faster-

than-expected 8.9 percent in the September quarter from a year earlier, government data released on Tuesday showed. The median forecast in a Reuters' poll was for an annual rise of 8.3 percent. "Overall the economy seems to be in good shape, though the next two quarters will see a moderation from these levels," said D.K. Joshi, principal economist at Crisil.

Europe's sovereign debt woes will continue to tug at markets, as investors Tuesday also get a few new pieces of U.S. economic data and hear from Fed Chairman Ben Bernanke on the economy. Trader

s had expected the markets to be swayed this week in both directions — by the negative headlines from Europe on its debt crisis, and then by the positives of better-than-expected U.S. economic reports. The week's data puts the focus on the consumer, with holiday and other chain stores and car sales data. The calendar is also heavy with manufacturing, housing and employment news, and ends with the November jobs report Friday.