New Zealand Stocks Trade Mixed []
Monday, Wellington stocks opened in the green, but are currently trading mixed. The benchmark NZX 50 Index was losing 2.48 points or 0.06% to 4,111.69, while the NZX All Capital Index was adding 0.76 points or 0.02% to 4,162.67.
Weak Lead For Indonesian Stocks []
The Indonesian stock market posted modest gains Thursday off a light lead from Wall Street. Investors are hoping the Jakarta Composite Index can do it again on Friday on more negative global cues.
Dollar Ticks Down After Last Week's Modest Recovery []
The U.S. dollar is receding in the first trading session of the week after comments from the Gulf Cooperation Council over a revaluation of the dollar-peg exerted downward pressure on the greenback.
Dollar Drops To Fresh 12-year Low Versus Swiss Franc [USD/CHF]
The dollar slipped to a fresh 12-year low versus the Swiss Franc in recent dealing Friday morning. After moving in a narrow range around 1.1225 for most of the morning, the dollar dropped to 1.1166 by 9:20 am. A move below 1.1120 would bring the dollar to a new multi-decade low.
Danske Bank Examines Housing Prices In China []
Flemming Nielsen from Danske Bank remarked Friday that house prices in China in Q3 07 increased 8.2% y/y following a 6.3% y/y increase Q2. However, he said, there are regional differences, with Shanghai still recovering from a mini-bust and Shenzhen near Hong Kong booming.
Jakarta Shares Ready To Bounce Back []
After closing out last week on a down note, investors are looking anxiously for the Indonesian stock market to resume its trend of gain when the Jakarta Composite Index opens for business on Monday.
Sunday, November 18, 2007
New Zealand Stocks Trade Mixed []
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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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