Google

Wednesday, November 07, 2007

KOSPI Eyes Record Territory []

KOSPI Eyes Record Territory []
South Korea's stock market shook off a negative performance on Wall Street and soared close to record territory on Tuesday. After a positive lead from the U.S., analysts are calling for the market to set a new mark when it opens for business on Wednesday.

Shanghai Shares Called To Snap Skid []
After China's stock market tumbled again on Tuesday, analysts expect the Shanghai Composite Index to finally snap out of its string of decline when the market kicks off trade on Wednesday.

Dollar Little Changed Versus Euro Minutes After Energy Inventories Data; Stays Near Record Low [EUR/USD]
The dollar saw little movement versus the euro after the release of Wednesday morning's highly anticipated US energy inventories data at 10:30 am ET. Crude inventories fell by 826,000 barrels, less than expected by analysts. The dollar was at 1.4672 at 10:33 am, having firmed up from a 9 am record low of 1.4729.

South Korean Shares Advance On Wall Street Rally []
Wednesday, Seoul shares were trading higher on buying in tech and other blue-chip stocks. At 11:02 local time, the benchmark Korea Composite Stock Price Index or KOSPI was up 29.08 points, or 1.42% at 2,083.52.

Jakarta Stocks Called For Further Gains []
Indonesia's stock market shook off a negative performance on Wall Street and soared on Tuesday. Now after a positive lead from the U.S., analysts are calling for the market to extend its gains when it opens for business on Wednesday.

Franc Rises Against Euro In Trading Wednesday [EUR/CHF]
In trading against its European counterpart on Wednesday, the Swiss franc saw some strength into the morning action. By 8:37AM ET, the franc had advanced to a mark of 1.6599. The pair moved as it was reported German industrial production rose by a seasonally adjusted 0.3% month-on-month in September, beating the consensus of 0.4% fall.

Chinese Market Gains Led By Banks, Energy Stocks []
Wednesday, Shanghai shares closed higher, amid volatility, ending a four-day losing streak. Banks gained after the central bank set the yuan's daily reference rate at a record 7.4476 to the U.S. dollar. The benchmark Shanghai Composite Index closed up 65.21 points or 1.18% at 5,601.78.

Japan Stocks Look To Rebound Following Two-Day Decline []
Japan stock shares finished modestly lower on Tuesday, dropping to seven-week lows, attributed to ongoing credit fears.

Singapore Shares Called To Gain []
Malaysia's stock market finish higher on Tuesday in a mixed regional picture and investors are looking for continued gains on more positive global cues when the market kicks off trade on Wednesday.

No comments:

Advertisement

Legal disclaimer and risk disclosure

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.