Shanghai Stocks Due For Correction []

Shanghai Stocks Due For Correction []
After soaring 5.2 percent over the last two days, analysts are calling for China's Shanghai Composite Index to pull back slightly on profit-taking when the market opens for business on Wednesday.

PNC States Commerical Markets Could Cool With Weaker Demand And Higher Credit Costs []
Stuart Hoffman, chief economist from PNC, commented on Wednesday that the advance estimate for real Gross Domestic Product for the third quarter of 2007 gave markets a Halloween surprise this morning by blowing past the consensus estimate of 3.1 percent growth.

New Zealand Shares Headed For Uncertain Day In Advance Of Fed Rate Decision []
Another day of light trading is facing New Zealand stocks on Wednesday, as traders join others around the globe in awaiting word on interest rates from the U.S. Federal Reserve, which is due to issue its decision after Asia-Pacific markets close.

Yen Drops Versus Sterling After BoJ Decision [GBP/JPY]
The Japanese yen slipped to a 10-day low against the sterling on Wednesday in New York after the Bank of Japan announced that it is holding interest rates unchanged at 0.50%. The decision was adopted by an 8-1 majority vote. the yen began to fall in the early morning and dropped sharply for about four hours.