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Saturday, November 03, 2007

European Markets Rise On Strong Earnings, Miners - European Commentary []

European Markets Rise On Strong Earnings, Miners - European Commentary []
The European markets rose on Thursday, as upbeat corporate results from companies such as France Telecom and ABB lifted investor sentiments and a rebound in copper prices boosted mining stocks.

European Markets Fall, Led By Banks - European Commentary []
The European markets fell on Wednesday, as banking stocks declined after Merrill Lynch reported its biggest ever quarterly loss and Standard & Poor's cut its debt rating for the world's biggest brokerage.

Dollar Hits New 26-year Low Versus Sterling; Nears 2.09 Mark [GPB/USD]
The dollar hit a fresh 26-year low against the sterling Friday afternoon, extending a 2-week downtrend that has seen the dollar fall more than 6 cents. The dollar slipped to 2.0891 by 3 pm ET, down from an overnight level near 2.08.

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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.