European Markets Rise, Led By Telecoms - European Commentary []

European Markets Rise, Led By Telecoms - European Commentary []
The European markets rose on Tuesday, as telecommunication stocks rallied after Vodafone raised its fiscal year 2008 sales and earnings forecasts, offsetting losses in the energy sector.

Chinese Market Rebounds Led By Steel Makers []
Tuesday, Shanghai shares rebounded in afternoon trade to settle higher, led by steelmakers, after Baosteel announced plans to raise prices in the first quarter of 2008. The benchmark Shanghai Composite Index closed up 23.89 points or 0.45% at 5,293.70, off a low of 5,158.54.

New Zealand Market Closes Flat []
Wednesday, Wellington shares closed flat, giving off the mid-session gains. The market had opened on a positive note on the back of overnight gains on Wall Street. The benchmark NZX 50 Index closed up 3.71 points or 0.09% at 4,071.01. The broader NZX All Capital Index added 1.56 points or 0.14% to end at 1,107.14.

Blue Chip Stocks Drag Shanghai Index Down []
Wednesday, Shanghai shares closed lower as China Railway Group's initial public offering of 2.34 billion A-shares put pressure on liquidity. ICBC and other large caps, particularly dual-listed companies, also extended losses in late trade.

Malaysian Shares Likely To Extend Losses []
The Malaysian stock market will be looking to snap a losing streak that has now stretched to four sessions when the Kuala Lumpur Composite Index opens for business on Thursday.

Mixed Message For Jakarta Stocks []
The Indonesian stock market has no clear lead when trading opens Wednesday as the Jakarta Composite Index tries to stop the bleeding on a losing streak that has reached three sessions.

Australian Stocks End In Negative Territory Led By Banks []
Wednesday, Sydney shares closed lower, amid volatiliy, after credit worries, forecasts for slower economic growth in the U.S. next year and the looming election in Australia fuelled uncertainty. The benchmark S&P/ASX 200 index closed down 41.1 points or 0.6% at 6,384.3 and the broader All Ordinaries index fell 40 points or 0.6% to 6,450.2.

Markets Likely To See Further Downside On Global Weakness - European Commentary []
The index futures are pointing towards a lower opening for U.K.'s FTSE 100 and France's CAC 40 indexes and a higher opening for Germany's DAX 30 index on Monday. Global cues are also weak, with the U.S. stocks plunging on Friday and the major markets across the Asia-Pacific region trading sharply lower on Monday.

New Zealand Stocks Trade Flat []
Wednesday, Wellington stocks were trading flat, tracking the overnight lead from Wall Street. The benchmark NZX 50 Index was gaining 13.23 points or 0.33% to 4080.53, while the NZX All Capital Index was advancing 14.64 points or 0.36% to 4134.27.