No Clear Lead For Malaysian Stocks []
The Malaysian stock market draws mixed messages ahead of trading Wednesday as the Kuala Lumpur Composite Index tries to halt a losing streak that has reached three sessions.
Singapore Stocks Seek Consistency []
After snapping a three-day losing streak, the Singapore stock market has no clear direction as it opens for business on Wednesday.
Stocks Tumble After Oil Surges To Record, Fed Cuts Growth Forecast - Asian Commentary []
Wednesday, stock markets across the Asia-Pacific region tumbled after the crude prices surged due to weakness in dollar and the Federal Reserve cut its forecast for U.S. economic growth in 2008. Hong Kong's Hang Seng Index, which pulled back 4.2%, led the Asian fall.
Dollar Falls To 2-year Low Against Yen, Higher Versus Other Majors [USD]
Wednesday morning, the US dollar weakened heavily against the Japanese Yen and touched a 2-year low of 108.25. But the dollar gained against the rest of majors.
Pound Mixed Against Majors Ahead Of BOE Minutes [GBP]
Ahead of the release of the Bank of England's minutes, the pound showed mixed trading. The sterling dropped against the euro, the franc and the yen but gained against the dollar. As of 4:25 am ET, the pound was worth 2.0633 against the US dollar, 2.2796 versus the franc, 224.24 against the yen and 0.7183 versus the euro.
Wednesday, November 21, 2007
No Clear Lead For Malaysian Stocks []
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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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