General Motors And Oil Push Markets Sharply Lower - U.S. Commentary []

General Motors And Oil Push Markets Sharply Lower - U.S. Commentary []
With oil spiking to a new record high and General Motors (GM) reporting a sharp third-quarter loss, the U.S. stock markets are declining significantly on Wednesday, reversing strong gains seen in the previous session.

Dollar Continues Slide Versus Swiss Franc [USD/CHF]
The U.S. dollar continued to fall against the Swiss franc in mid-morning trading and has extended its long-term low. The greenback began to fall at around 9 a.m. ET and has dropped to 1.1207. On a long-term basis, the dollar has been falling for about a month against the franc.

Loonie Continues To Pull Back From Recent Modern-era High Versus US Dollar [USD/CAD]
The loonie slipped to a weekly low versus the dollar Friday morning, falling to .9421 from an early level near .9275. The loonie has softened considerably since hitting a modern-era record high of .9056 on Wednesday.

Trading Likely To Be Subdued Ahead Of BoE, ECB Rate Decision - European Commentary []
The major European index futures are pointing towards a lower opening for the markets on Tuesday. However, some degree of support may come in from bargain hunting following three days of losses. Further, global cues are mixed, with the U.S. stocks settling lower Monday on renewed credit worries and most of the markets across the Asia-Pacific region rebounding on Tuesday.

Sterling Hits The Skids Versus Dollar And Yen Friday Morning [GPB/USD]
The sterling fell sharply versus the dollar Friday morning in New York, racing away from a 26-year high amid diminished risk appetite. The sterling also plunged versus a broadly stronger yen, falling to a 3-week low.

Markets Likely To Trade In A Range Ahead Of BoE, ECB Decision On Interest Rates - European Commentary []
The index futures are pointing towards a lower opening for U.K.'s FTSE 100 and a higher opening for France's CAC 40 and Germany's DAX 30 indexes on Wednesday. Global cues are also strong, with the U.S. stocks rallying Tuesday and the major markets across the Asia-Pacific region trading higher on Wednesday.

Stocks Headed For A Lower Opening - U.S. Commentary []
Stocks are headed for a sharply lower opening on Wednesday, as oil continues its drive towards the $100 a barrel mark, the dollar declines further against its major counterparts, and General Motors (GM) shocks Wall Street with a considerable third-quarter loss.

Global Insight Examines Domestic Spending Growth []
Global Insight Chief U.S. Economist Nigel Gault remarked on Friday that with domestic spending growth expected to slow sharply as housing continues to decline and consumers wilt under pressure from falling house prices and rising energy prices, strong export growth is crucial to keep the U.S. economy moving forward.

Swiss Currency Advances Versus Yen [CHF/JPY]
The Swiss currency advanced against its Japanese counterpart in trading on Friday. As action moved into the mid-morning, the franc reached a mark of 98.98. The pair moved as Japanese industrial output dropped 1.4% in September from the prior month. On an annual basis, industrial production advanced 0.8%.

Technology Expected To Drive Markets On Tuesday - U.S. Commentary []
Wall Street is headed for a higher opening on Tuesday, as financials take a backseat to strength in the technology and material sectors.