Stocks See Some Weakness As Profit-taking Sets In After Sharp Rises - Asian Commentary []

Stocks See Some Weakness As Profit-taking Sets In After Sharp Rises - Asian Commentary []
Thursday, stocks markets across the Asia-Pacific region were trading mixed and on a flat note, following sharp gains on Wednesday. After seeing little movement for much of Wednesday's session, the U.S. stock markets took a dive in the last half an hour of trade, led downward by weakness in retail stocks.

Dollar Declines Against Euro And Pound [USD]
Around 1:15 am ET, the US dollar lost ground against the euro and the pound. As of now, the dollar is worth 1.4633 against the euro and 2.0468 against the pound.

Euro Mixed Against Majors Ahead Of French Data [EUR]
Ahead of the release of the French Q3 non-farm payrolls data, the euro saw a mixed trading. While the euro gained against the dollar, it declined versus the yen and the franc. Against the pound, the euro moved sideways. At about 2:40 am ET, the euro fetched 1.4635 against the dollar, 0.7150 against the pound, 160.81 against the yen and 1.6411 against the franc.

Hong Kong Stocks Get Mixed Message []
Following a mild decline on Thursday, a newspaper report sends conflicting messages as the Hong Kong stock market prepares to open trade on Friday.

Markets Likely To See Some Weakness Due To Profit Taking Following Recent Rally - Indian Commentary []
Global cues are pointing towards a lower opening for the Indian markets on Thursday. The U.S. stocks fell overnight on credit worries and the major stock markets across the Asia-Pacific region are trading flat on Thursday after the sharp rise on Wednesday.

Japanese Market Falls On Weak Lead From U.S., Stronger Yen []
Friday, Tokyo shares opened sharply lower, tracking the fall on Wall Street overnight. The appreciation of the yen and uncertainty about the government's fiscal policy also weighed on market sentiment.

European Markets Fall, Led By Banks; Miners' Rally - European Commentary []
The European markets fell on Thursday, as banking stocks declined after Morgan Stanley yesterday became the latest U.S. firm to announce sub-prime market losses and Fortis reported third quarter earnings that missed analysts' estimate. However, mining stocks rallied on bid news and limited market losses.

Euro Down Against Pound, Up Versus Other Majors Amid French Data [EUR]
Amid the release of the French data at 2:45 am ET, the euro was down against the pound, but it ticked up versus the other majors. At about 2:52 am ET, the euro fetched 1.4641 against the dollar, 0.7150 against the pound, 161.22 against the yen and 1.6406 against the franc.

Markets Likely To Trade In A Range Ahead Of BoE, ECB Decision On Interest Rates - European Commentary []
The index futures are pointing towards a lower opening for U.K.'s FTSE 100 and a higher opening for France's CAC 40 and Germany's DAX 30 indexes on Wednesday. Global cues are also strong, with the U.S. stocks rallying Tuesday and the major markets across the Asia-Pacific region trading higher on Wednesday.

China Stocks Brace For Rate Hike []
Investors in China's Shanghai Composite Index will be holding their breath on Friday when the market kicks off trade amidst the likelihood of an interest rate increase by the central bank.