Decline Predicted For Singapore Stocks []
Investors in the Singapore stock market weren't didn't show much confidence the U.S. Federal Reserve's plan to join other central banks in pumping liquidity into the markets, and it was reflected in the negative performance of the Straits Times Index on Thursday.
Yen Up Versus Euro And Sterling [USD/JPY]
The yen made gains against the euro and the sterling but dropped against the dollar Friday morning in New York. This is amid diminished risk appetite.
Malaysian Shares Seen Lower Again []
Malaysian investors in weren't impressed by the U.S. Federal Reserve's plan to join other central banks in pumping liquidity into the markets, and it was reflected in the negative performance of the Kuala Lumpur Composite Index on Thursday. And they haven't seen anything that makes them think the market will snap its string of four losses in five sessions when it kicks off trade on Friday.
Hang Seng Seeks Support []
Hong Kong investors in weren't impressed by the U.S. Federal Reserve's plan to join other central banks in pumping liquidity into the markets, and it was reflected in the negative performance of the Hang Seng Index on Thursday. The market has dropped more than 1,500 points in the last two sessions to dip under the key support level of 28,000 points - and now investors are looking for support as the index prepares for trade on Friday.
BMO Capital Markets: Economy Not In Recession, But Not Going Gangbusters Either []
Sal Guatieri from BMO Capital Markets Economics remarked on Friday that after factoring in a downward revision to the prior month's tally, U.S. industrial production largely met market expectations, rising an uninspiring 0.3% in November. A rebound in auto production allowed manufacturers to claw back most of their prior month's losses, he noted.
China Stocks Close Higher Led By Consumer And Financial Stocks []
Friday, Shanghai shares closed higher on a late rebound in consumer and financial stocks. The benchmark Shanghai Composite Index closed up 49.87 points or 1.01% at 5,007.91.
South Korean Market Ends Down []
Seoul shares closed lower Thursday on heavy selling pressure following the expiry of options and futures contracts for the index and individual stocks. However, the Key index managed to finish well off its lowest level for the day. The KOSPI closed down 11.55 points or 0.6% at 1,915.90.
Rebound Likely For Thai Stocks []
The Thai stock market followed the rest of the region to the downside on Wednesday on disappointment over the size of the U.S. Treasury Department's rate cut. Now with more upbeat momentum, analysts are calling for the Stock Exchange of Thailand to rebound when the market kicks off trade on Thursday.
Dollar Advances Against Scandinavian Currencies [USD/SEK]
The US dollar rallied against its Scandinavian counterparts Friday in New York. The US dollar hit a 1� month high against the Danish krona and 2-month high against the Swedish currency. Against the Norwegian krona, the greenback reached a multi-day high today.
Sunday, December 16, 2007
Decline Predicted For Singapore Stocks []
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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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