Chinese Market Declines; Fuel Price Hike Hits Transportation Sector []

Chinese Market Declines; Fuel Price Hike Hits Transportation Sector []
Thursday, Shanghai shares closed lower, reversing a four-day winning streak. Transportation firms were hit after the National Development and Reform Commission raised prices of gasoline, diesel and aviation kerosene by 500 yuan per ton. However, strong gains in oil refiner Sinopec capped the losses.

Sterling Re-testing 26-year High From Earlier In The Session [GPB/USD]
The sterling is challenging its 26-year high versus the dollar from earlier in the session. The sterling is at 2.0887 at 2:05 pm ET, just off its mid-day high of 2.0895.

Dollar Hits New Record Lows Versus Euro After Employment Data []
The dollar hit a fresh record low versus the euro as traders assessed surprisingly positive jobs data Friday morning. The greenback fell to a 1.4520, down from an overnight high of 1.4420. The dollar initially ticked higher after non-farm payrolls data showed that US employers added 160,00 jobs, more the double the amount expected by analysts.

South Korean Market Seen Pulling Back []
After setting a new intra-day record high on Thursday on positive data from the U.S. markets, the South Korean stock market is expected to follow Wall Street to the downside when trading opens on the final day of the week.

Australian Stock Market Rises To New Highs []
Thursday, Sydney shares surged to record highs after the Federal Reserve cut interest rates. Soaring commodity prices and solid corporate earnings also positively impacted the market sentiment. The S&P/ASX 200 closed up 74.6 points or 1.1% at 6,828.7, after hitting a record high of 6,851.5 in the last hour of trade.

Stocks Tumble On Wall Street Sell-off; Banking Shares Fall - Asian Commentary []
Friday, stock markets across the Asia-Pacific region closed sharply lower after the U.S. stocks tumbled overnight on disappointing earnings, weak economic data and renewed credit worries.