TSX Remains Slightly Positive As Tech Stocks Help Offset Weakness In Energy Sector - Canadian Commentary []
Canadian stocks are clinging to early gains in afternoon dealing Tuesday, but weakness in the heavily weighted energy sector have driven the S&P/TSX Composite Index from its early highs. Markets south of the borders are in rally mode, while resurgent tech stocks and gains in the materials sector have kept Toronto's main index in the green for most of the day.
Dollar Advance Versus Loonie Runs Out Of Steam After Furious Rally [USD/CAD]
The dollar's race back towards parity with the loonie ran into headwinds Tuesday morning in New York. The dollar dropped to .9521 by 9 am ET this morning, down from .9722 the night before.
European Markets Fall As Dollar Hits Record Low Against Euro - European Commentary []
The European markets fell on Wednesday, as insurance and automotive stocks declined after the U.S. dollar dropped to a record low against the euro and airlines stocks slipped after crude oil prices breached the $98 a barrel mark.
Swiss Currency Moves Little In Trading Against Euro [EUR/CHF]
The Swiss currency saw little direction in action against the euro on Tuesday. By the mid morning, the franc had moved between a high of 1.6424 and a high of 1.6447. Euro zone industrial output declined 0.7% month-on-month in September, reversing 1.2% growth in August.
Tuesday, November 13, 2007
TSX Remains Slightly Positive As Tech Stocks Help Offset Weakness In Energy Sector - Canadian 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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