New Zealand Stocks Decline Following Wall Street Sell-off []
Friday, Wellington stocks were trading in negative territory, following the overnight sell-off on Wall Street. The benchmark NZX 50 Index was down 42.14 points or 1.00% to 4,165.74, while the NZX All Capital Index was declining 46.07 points or 1.09% to 4,186.12.
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.
South Korea's KOSPI Settles At 2,019, Down 43 Points Or 2.1% []
South Korea's KOSPI settles at 2,019, down 43 points or 2.1%
Chinese Market Declines; Fuel Price Hike Hits Transportation Sector []
Thursday, Shanghai shares closed lower, reversing a four-day winning streak. Transportation firms were hit after the National Development and Reform Commission raised prices of gasoline, diesel and aviation kerosene by 500 yuan per ton. However, strong gains in oil refiner Sinopec capped the losses.
Euro Hits New Peak Versus Dollar, Rallies Versus Sterling Friday Morning [EUR/USD]
The euro advanced on other majors Friday morning in New York, hitting a fresh record peak versus the dollar before paring some its gains approaching mid-day. Meanwhile, the euro was able to claw back some of this week's losses to the sterling.
Markets Likely To Open Higher On Strong Global Cues - European Commentary []
The major European index futures are pointing towards a higher opening for the markets on Monday. Global cues are also strong, with the U.S. stocks rallying Friday and the major markets across the Asia-Pacific region trading higher on Monday. However, crude prices have surged higher.
Sunday, November 04, 2007
New Zealand Stocks Decline Following Wall Street Sell-off []
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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.
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