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Friday, November 02, 2007

South Korean Market Closes Flat []

South Korean Market Closes Flat []
Thursday, Seoul shares closed flat as investors locked in profits after the KOSPI index rallied to a fresh record. The key index closed down 1.71 points or 0.1% at 2,063.14. The benchmark index surged at the opening to a fresh high of 2,084.55, surpassing the previous record of 2,070.86 set on Monday.

Wall Street Anxiously Awaiting Fed's Interest Rate Decision - U.S. Commentary []
Stocks have seen little vertical movement in afternoon trading on Monday, as investors seem prepared to sit and wait for the Federal Reserve's upcoming interest rate decision.

Trading Likely To Be Range-bound Ahead Of Key U.S. Data - European Commentary []
The major European index futures are pointing towards a lower opening for the markets on Thursday. But global cues are mixed, with the U.S. stocks closing slightly lower Wednesday, recovering from early weakness, and the major markets across the Asia-Pacific region showing a mixed trend on Thursday.

Interest Rate Optimism Fuels Growth - U.S. Commentary []
Renewed hope for an interest rate reduction by the Federal Reserve has been enough to offset record high prices for oil, as stocks post modest gains heading into afternoon trading on Monday.

Stocks Plummet With The Dow Falling More Than 360 Points - U.S. Commentary []
Stocks plunged on Thursday, as the Fed-induced euphoria quickly gave way to a broad based sell-off after Citigroup (C) was downgraded by CIBC World Markets, sending financial stocks on a downward spiral.

Malaysian Shares Called To Decline []
Malaysia's Kuala Lumpur Composite Index set a new intra-day record high on Thursday on positive data from the U.S. markets, but now analysts are expecting the KLCI to follow Wall Street to the downside when trading opens on Friday.

South Korean Market Seen Pulling Back []
After setting a new intra-day record high on Thursday on positive data from the U.S. markets, the South Korean stock market is expected to follow Wall Street to the downside when trading opens on the final day of the week.

Stocks Close Sharply Higher After Volatile Reaction To Interest Rate Cut - U.S. Commentary []
While the U.S. stock markets initially fell sharply following the announcement of the Federal Reserve's latest decision on interest rates on Wednesday, the major averages bounced back to the upside shortly afterward, ending the session firmly in positive territory.

Stocks May Give Back Some Ground In Early Trading - U.S. Commentary []
After trending higher in recent sessions, stocks may give back some ground in early trading on Tuesday, with the futures indicating a lower open for the markets. Nonetheless, selling pressure is likely to remain relatively subdued ahead of the Federal Reserve's interest rate decision.

Stocks Close Lower Ahead Of Fed's Interest Rate Decision - U.S. Commentary []
While the U.S. stock markets turned mixed over the course of the trading session on Tuesday, the major averages all moved to the downside going into the close. The Nasdaq showed a notable decline, rejoining the Dow and the S&P 500 in negative territory.

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