Pound Rebounds Away From Long-Term Low Versus Yen [GBP/JPY]

Pound Rebounds Away From Long-Term Low Versus Yen [GBP/JPY]
The British pound rebounded against the yen in mid-day trading on Friday in New York, moving away from a three-month high. The sterling reached as low as 221.31 at 10 a.m. ET but climbed from there. The pair moved at 222.91 at 12:40 p.m. ET.

British Pound Mixed Against Majors [GBP]
Friday morning, the British pound showed a mixed performance against its major counterparts. While the pound dropped against the dollar and the yen, it gained versus the euro and the franc.

Quiet Day For China Shares []
Not much action is expected on the Chinese stock market when the Shanghai Composite Index kicks off trade on Thursday as much of the market's liquidity is locked up in pending initial public offerings.

Brazil's Real Falls To 1-month Low Versus US Currency [USD/BRL]
The Brazilian real fell to 1.8085 against the US currency before closing the week's deals at a 1-month low of 1.8035. The real weakened on speculation a slowdown in the US economy would hurt the country's exports, which in turn will reduce the demand for the local currency.

Downward Pressure For Singapore Shares []
The Singapore stock market is searching for consistency ahead of Thursday's market open, mired in a streak that has seen the Straits Times Index finish lower in four of the last five sessions.

South Korean Stocks Lose Ground After Opening On Strong Note []
Friday, Seoul stocks were losing ground, after opening on a strong note. The key KOSPI index has fallen for the past six straight sessions. At 10:36 local time, the benchmark index was down 10.85 points or 0.60% at 1,788.17.

Market Opens Sharply Higher; Power, Capital Goods Stocks Surge - Indian Commentary []
Friday, Indian shares opened sharply higher despite mixed cues from Asian peers. At 10:03 a.m. IST, the Sensex was up 297 points at 18,824 and the broader Nifty was up 90 points at 5,610.

BNP Paribas Expects Further Weakness In 2008 For France []
Mathieu Kaiser from BNP Paribas remarked on Friday that in October, sales of manufactured goods declined by 1.1% m/m, the largest fall since September 2006. This was the second consecutive monthly decline, he noted, as purchases had already dropped in September (-0.3% versus +0.1% m/m initially released).

South Korean Shares Close Off Lows On Late Buying In Chipmakers, Telecoms []
Thursday, Seoul shares closed lower for a sixth day, but well off their lows for the session on late buying in chipmakers and telecom stocks. The KOSPI index closed down 7.97 points or 0.4% at 1,799.02.