New Zealand Market Falls On Negative Lead From Wall Street []

New Zealand Market Falls On Negative Lead From Wall Street []
Friday, Wellington shares closed lower after the U.S stocks plunged overnight on the back of disappointig earnings reported by Exxon, weak economic data and down grading of Citigroup by CIBC.

S&P Comments It Is Not Too Late To Benefirt From An Underweighting Of The S&P500 Financials Sector []
Sam Stovall from the S&P remarked on Friday that yesterday, November 1, the S&P 500 declined 2.6% -- the eighth one-day decline of 2% or more this year - triggered primarily, in theiropinion, by bearish comments by an analyst at CIBC about the possibility of a cut in Citigroup's dividend.

Franc Bounces Against Sterling [GBP/CHF]
Versus the sterling, the Swiss currency saw little direction in trading on Friday morning. The franc bounced between a high of 2.3999 and a low of 2.4069. The UK CIPS/NTC Construction Purchasing Manager's Index posted a less than expected reading of 57.4 in October.

Renewed Credit Concerns, Lower Oil And Metal Prices Pull Down Australian Stocks []
Friday, Sydney stocks opened sharply lower on renewed worries of further fallout from the global credit crunch, while lower oil and metal prices pulled down resource stocks. The benchmark S&P/ASX 200 Index was losing 129.50 points or 1.90% to 6,699.20, while the All Ordinaries Index was down 125.50 points or 1.83% to 6,728.10.

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.

Chinese Stocks Settle Sharply Lower Led By Energy, Steel Stocks []
Friday, Shanghai shares closed sharply lower led by energy and steel stocks. The benchmark Shanghai Composite Index closed down 136.48 points or 2.31% at 5,777.81.