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Thursday, November 08, 2007

Technology Expected To Drive Markets On Tuesday - U.S. Commentary []

Technology Expected To Drive Markets On Tuesday - U.S. Commentary []
Wall Street is headed for a higher opening on Tuesday, as financials take a backseat to strength in the technology and material sectors.

Bears Continue To Dominate Markets - U.S. Commentary []
Wall Street is experiencing severe selling pressure on Wednesday after General Motors (GM) reported a record third-quarter loss and oil spiked to a fresh record high.

Greenback Down Against Slovakian Koruna [USD/SKK]
The US dollar fell sharply against the Slovakian koruna in the early European deals on Thursday. The pair that closed its yesterday's deals at 22.6920 fetched a low of 22.6190 by about 2:55 am ET. As of now the pair was worth 22.63.

General Motors, Dollar, And Financials Push Dow To 360 Point Loss - U.S. Commentary []
Stocks plunged on Wednesday, as a broad based sell-off ensued after General Motors (GM) posted a record quarterly loss, the dollar slumped to further lows against the euro, and negative news continued to leak out of the financial markets.

Dow Drops More Than 100 Points Led By Financials - U.S. Commentary []
Wall Street continues to trade lower on Monday, largely due to a bleak outlook from Citigroup (C), which has depressed financial stocks.

Stocks Rise In Early Trading - U.S. Commentary []
Stocks have opened Tuesday's session with modest gains, as bargain hunting drives financials higher and strong quarterly results boost the technology sector.

Stocks Rebound On Wall Street Rally, Higher Commodity Prices - Asian Commentary []
Wednesday, stock markets across the Asia-Pacific region were higher after the U.S. stocks rallied overnight. Wall Street gained on late-day rally, as bargain hunters overlooked record oil prices and credit worries. Higher commodity and base metal prices helped boost resource stocks.

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.

Euro Loses Ground Against Sterling, At 2-Day Low [EUR/GBP]
The euro dropped against the pound as the Bank of England announced that it was leaving its benchmark rate unchanged. The subsequent announcement from the European Central Bank that it was also leaving rates unchanged did nothing to inspire a rebound in the euro.

Further Decline Expected For KOSPI []
In line with global cues and the rest of the region, analysts expect that the South Korean stock market is in for a rough ride when the KOSPI opens for business on Thursday.

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