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Saturday, November 24, 2007

BNP Paribas States BoE Could Cut Rates At December Meeting []

BNP Paribas States BoE Could Cut Rates At December Meeting []
Raymond Van der Putten remarked on Friday that as expected, National Statistics has revised slightly downwards Q3 GDP growth to 0.7%. Services were again the fastest growing sector, he remarked. On the expenditure side, Van der Putten noted that investment rebounded by 1.6% in Q3, after a -0.9 decline in the previous quarter.

Stocks Finish Higher, With The Dow Closing Above The 13,000 Mark - U.S. Commentary []
The Dow moved back above the 13,000 mark on Tuesday, as Wall Street experienced a volatile trading session, eventually ending in positive territory.

Stocks Seeing Significant Weakness In Late-Morning Trading - U.S. Commentary []
After moving sharply lower at the start of trading on Monday, stocks have continued to the downside throughout much of the morning. The major averages have all shown notable downward moves, moving firmly into negative territory.

TSX Reflects Modest Strength On Bay Street As Traders Hunt For Bargains - Canadian Commentary []
Bay Street stocks are seeing modest strength in early dealing Friday, one day after jumping 100 points to pare a fraction of this week's substantial losses. In a reversal of Thursday's situation, gains among metals stocks have helped to offset some weakness in the tech sector.

Peso In 2-month Low Versus US Dollar After Rate Hike In Columbia [USD/COP]
The Columbian peso fell to a new multi-week low of 2090.50 against the US currency on Friday. The dollar-peso pair has been strengthening since early this month, and by now, the dollar has gained over 5.6%. Columbia's central bank raised its overnight lending rate unexpectedly to 9.5%, a Bloomberg report said Friday.

Euro Plunges Versus Dollar After Challenging $1.50, Hits 2-week Low Versus Yen [EUR/USD]
The euro fell sharply from its record high near the 1.50 mark versus the dollar Friday morning in New York. Trading took place amid the release of data showing that French consumer spending declined more than expected from the prior month in October.

Stocks Continue To See Significant Weakness In The Mid-Afternoon - U.S. Commentary []
After seeing significant early weakness, the U.S. stock markets have continued lower throughout much of the trading session on Monday. Most stocks have moved firmly into negative territory after showing a lack of direction last week.

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