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Monday, November 12, 2007

Australian Market Falls On Negative Lead From Wall Street []

Australian Market Falls On Negative Lead From Wall Street []
Monday, Sydney shares closed sharply lower, tracking weak cues from Wall Street. The U.S. stocks plunged Friday on growing concerns about the subprime lending market and negative comments from Qualcomm.

Danske Bank Expects PBoC To Hike Again Before The Year End []
Analyst Flemming Nielsen from Danske Bank remarked on Monday that the Peoples Bank of China (PBoC) this weekend raised its reserve requirement ratio (RRR) for commercial banks by 50bp to 13.5%. However, he noted that it left its leading benchmark lending and deposits rates unchanged.

Dollar Extends Gains Versus Euro And Sterling But Loses Further Ground To Yen Monday Morning [EUR/USD]
The dollar continued to rebound from long-term lows against the euro, sterling and loonie Monday morning in New York. Still, the dollar fell sharply against the yen as traders expressed concerns about the outlook for global stocks.

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