China Stocks Rebound; Shanghai Composite Regains 5,000 Mark []

China Stocks Rebound; Shanghai Composite Regains 5,000 Mark []
Shanghai shares closed sharply higher Thursday led by financial and airline stocks, tracking strong gains in the Hong Kong and U.S. markets. Airlines stocks soared following a pullback in oil prices and media reports that Air China might make a new proposal to merge with China Eastern Airlines.

Stocks Surge On U.S. Interest Rate Cut Expectation - Asian Commentary []
Thursday, stock markets across the Asia-Pacific region were higher after the U.S. stocks rallied for a second consecutive session overnight. Wall Street surged after a Federal Reserve official made favorable comments that hinted towards future interest rate reductions.

Japanese Market Surges On Wall Street Rally, Weaker Yen []
Thursday, Tokyo shares were sharply higher, following the sustained rebound on Wall Street after a Federal Reserve official suggested that the central bank might cut interest rates again next month. A weaker yen boosted export oriented and high tech stocks.

Greenback Surges Higher Versus Euro Thursday Morning [EUR/USD]
Dollar surged to the upside versus the euro Thursday morning, nearing Wednesday's weekly highs after Goldman Sachs said that greenback was unlikely to fall further against its major counterparts.

Pound Mixed Against Majors Ahead Of British CBI Distributive Trades Report [GBP]
Ahead of the release of the UK CBI distributive trades report for the month of November, the pound showed mixed trading. The sterling gained against the franc and the euro but declined versus the rest of its major counterparts. As of 5:55 am ET, the pound was worth 2.0620 against the US dollar, 2.3083 versus the franc, 227.02 against the yen and 0.7151 against the euro.

US Dollar Gains Against Czech Koruna [USD/CZK]
The US dollar gained against the Czech koruna during early trading on Thursday. The US currency hit a high of 17.9790 at about 3:35 am ET, compared to yesterday's new multi-year low of 17.8220. During early Asian trading, the pair moved sideways but it moved higher around 3:10 am ET.