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Tuesday, November 06, 2007

European Markets Fall On Disappointing Earnings, Weak Commodities - European Commentary []

European Markets Fall On Disappointing Earnings, Weak Commodities - European Commentary []
The European markets fell for the first time in four days on Tuesday, as disappointing earnings reports from companies such as Dassault Systemes, UBS and Royal KPN hurt investor sentiments and falling crude oil and metal prices hit energy and mining stocks.

Canadian Dollar Surges Against Majors []
The loonie spiked against its majors at about 3:00 am ET. The Canadian dollar was worth 0.9277 against the US dollar, 1.3471 against the euro and 123.65 against the yen as of 3:18 am ET.

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Any views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsibly for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.