Gain Called For Jakarta Stocks []

Gain Called For Jakarta Stocks []
The Indonesian stock market has closed higher in four of the last five sessions, and analysts are calling for the Jakarta Composite Index to again move into positive territory when the market kicks off trade on Thursday.

Australia Shares Look To Mining Sector To Shed Losses []
Australia Stocks get another strong lead from Wall Street for Thursday trading, although a drop in gold prices could drag the mining sector and the rest of the market down. Australian stocks ignored Wall Street's big gains and moved lower on Wednesday, led by continuing weakness in the mining and banking/financial sectors.

Australian Shares Trade In Negative Terrain, Led By Resource Stocks []
Wednesday, Sydney shares were trading in negative territory, led by resource stocks, on the back of weaker metal and oil prices. The benchmark S&P/ASX 200 Index was losing 71.30 points or 1.11% to 6,361.40, while the All Ordinaries Index was declining 65.00 points or 1.00% to 6,428.60.

Dollar Slightly Higher Against Majors In Early Asian Deals [USD]
During the early Asian deals on Thursday, the US dollar gained slightly against its major counterparts. Up from yesterday's close of 1.4842 versus the euro and 2.0825 against the pound, the dollar moved to 1.4808 and 2.0756, respectively.

New Zealand Currency Strong Versus Yen [NZD/JPY]
In trading against the yen on Wednesday, the New Zealand kiwi saw strength in action. By the mid-day, the advance had brought the kiwi to a mark of 84.72 against the Japanese yen. The currencies traded as the Japanese government plans to partially implement net taxation on financial income in fiscal 2009 according to a report from the Nikkei on Wednesday.

Euro Surges To 2-week Peak Versus Yen As Risk Appetite Revives [EUR/JPY]
The euro soared to a 2-week high versus the yen Wednesday afternoon amid increased appetite for riskier higher-yielding currencies. The euro jumped to 163.45 by 2:30 pm ET, up sharply from an early low of 160.21.

China Stocks Fall Amid Worries Over Further Policy Tightening Measures By Government []
Wednesday, Shanghai shares closed lower, led by property developers and steelmakers amid worries over further policy tightening measures by the government. The benchmark Shanghai Composite Index closed down 57.72 points or 1.19% at 4,803.39, its lowest level since August 20, 2007.

European Markets Rise, Led By Banks - European Commentary []
The European markets rose the most in more than four years on Wednesday, as banking stocks rallied on hopes for another rate cut by the U.S. Federal Reserve following comments made by a top Fed official.