Stocks Rise On Hopes Of An Interest Rate Reduction - U.S. Commentary []
With the Federal Reserve's decision on interest rates looming on Wednesday, investors are hedging their bets for a reduction in rates, driving the markets higher.
Stocks Poised To Fall In Early Trading - U.S. Commentary []
Stocks are pointing for a lower opening on Thursday, as the Fed-induced rally loses steam amid rising oil prices and disappointing quarterly results from several companies.
Stocks Open With Sharp Losses - U.S. Commentary []
Stocks are down sharply at the opening on Monday, largely on worries within the credit markets after Citigroup (C) warned of additional write-downs of $8 to $11 billion.
Australian Dollar Strengthens Against Majors []
The Australian dollar strengthened against its major counterparts on Tuesday morning in Asia. The Australian dollar rose, snapping two days of losses, as investors were attracted to the nation's higher-yielding government bonds, a Bloomberg report said.
European Markets Fall On Credit Worries - European Commentary []
The European markets fell for the third day on Monday, as banking stocks slipped after a warning of more write-downs from Citigroup stirred concerns about widespread credit problems.
Citigroup Slays The Bulls - U.S. Commentary []
Citigroup (C) continues to act as a drag on financials and the broader market on Monday after the investment bank warned of additional write-downs of assets due to the turmoil within the credit and housing markets.
Dollar Mixed In Trading Against Majors []
The US dollar showed a mixed trading against its major counterparts on Tuesday morning in Asia. While the dollar gained against the Yen, it dropped versus its British and the Swiss counterparts. Against the euro, the dollar largely showed choppy trading.
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.
Stocks Seeing Considerable Volatility Follow Fed Announcement - U.S. Commentary []
After seeing significant strength throughout much of the session on Wednesday, the U.S. stock markets have seen considerable volatility following the Federal Reserve's announcement of its latest decision on interest rates.
Indonesian Rupiah Falls To 1 � - Month Low Of 0.9188 Against Dollar []
Indonesian Rupiah Falls To 1 � - Month Low Of 0.9188 Against Dollar
Monday, November 05, 2007
Stocks Rise On Hopes Of An Interest Rate Reduction - U.S. Commentary []
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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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