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Wednesday, November 28, 2007

Rebound Unlikely For Hang Seng []

Rebound Unlikely For Hang Seng []
The modest, two-day winning streak is history, and analysts aren't calling for Hong Kong's Hang Seng Index to bounce back when the market kicks off trade on Wednesday.

Singapore Stocks Seen To Snap Skid []
Trade in the Singapore stock market has been choppy of late, neither gaining nor declining for more than two consecutive days over the past week.

Markets Open Higher; Bank, Auto Stocks Gain - Indian Commentary []
Wednesday, Indian shares opened higher despite mixed cues from global markets. At 10:03 a.m. IST, the Sensex was up 124 points at 19,252 and the broader Nifty was up 35 points at 5,732.

Malaysian Stocks Poised For Gain []
After finishing Tuesday's action essentially flat if slightly to the upside, global cues now point to Malaysia's Kuala Lumpur Composite Index to press firmly into positive territory when the market opens Wednesday.

BMO Capital Markets Economics Remarks US Factory Sector's Support Giving Way []
Jennifer Lee from BMO Capital Markets Economicscommented on Wednesday that the U.S. factory sector's support to the rest of the economy is slowly but surely giving way. She noted that durable goods orders dipped 0.4% in October, the third consecutive monthly drop and a move that was a little worse than expected (consensus was for a 0.1% fall).

U.S. Dollar Moving Higher Against Major Currencies [AUD/USD]
The U.S. dollar is moving to higher ground against a group of major world currencies. The greenback has pushed higher against the Canadian dollar, Australian dollar, New Zealand dollar and British pound

New Zealand Stocks Trade Weak []
Wednesday, shares in New Zealand opened lower and were trading weak. The benchmark NZX 50 Index was losing 35.92 points or 0.88% to 4,068.13, while the NZX All Capital Index was declining 33.70 points or 0.81% to 4,123.33.

Sterling Broadly Stronger Versus Majors As Risk Appetite Picks Up [GPB/USD]
The pound gained on its major counterparts Wednesday morning in New York, racing to near-term highs versus the euro and yen. The sterling snapped back from early weakness against the greenback after after a Fed official hinted at a December 11 interest rate cut.

Trading Likely To Be Range-bound On Mixed Global Cues; Volatility May Be High Ahead Of Nov. F&O Expiry - Indian Commentary []
Wednesday, Indian market is likely to trade in a range tracking mixed global cues. The U.S. stocks rallied overnight on the back of an announcement by the Abu Dhabi Investment Authority that it will inject US$7.5 billion into Citigroup, but the major stock markets across the Asia-Pacific region are trading weak on Wednesday.

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