Google

Saturday, December 08, 2007

Japan Stocks Get Boost For Higher Open From Wall Street Gains, Bush Sub-Prime Plan []

Japan Stocks Get Boost For Higher Open From Wall Street Gains, Bush Sub-Prime Plan []
Easing credit sector concerns triggered by the White House plan to freeze subprime mortgage rates may help push Japan shares and others around the world higher on Friday.

Kiwi Mixed Versus Majors Friday Midday [NZD/USD]
The New Zealand currency was mostly mixed against its counterparts in trading on Friday midday in New York. The kiwi moved with little economic news from the area.

Kiwi Choppy In Trading Against American Counterpart [NZD/USD]
The New Zealand currency was choppy in trading against its American counterpart on Friday. By the midday, the kiwi had bounced between a high of 0.7810 and a low of 0.7745. The pair moved as the November reading of Non-farm Payrolls came in at +94k for the US.

Japanese Shares Open Higher On Positive Wall Street Lead, Weaker Yen []
Thursday, Japanese shares were trading in the green, helped by a positive Wall Street lead and a weaker yen. The benchmark Nikkei 225 Index was gaining 242.95 points or 1.56% to 15,851.83, while the broader Tokyo Stock Price Index of all First Section issues or TOPIX advanced 20.28 points to 1,546.91.

Dollar Stable To Loonie After Early Losses; Traders Weighing Jobs Reports From US And Canada [USD/CAD]
The dollar was stable to the Canadian loonie after the release of Friday's pivotal report on the November jobs situation in the US. The greenback plunged in early dealing when data revealed strength in the Canadian jobs market.

Uncharted Territory For Malaysian Stocks []
The Malaysian stock market has been riding a hot streak, finishing higher in eight of the last nine sessions - and now the Kuala Lumpur Composite Index is starting from a fresh record high as it kicks off trade on Thursday.

FTN Financial Examines Recent Jobs Data []
Chris Low and Lindsey Piegza from FTN Financial remarked on Friday that the US Jobs data had a fairly harmless employment number from a trading perspective, consistent with the slowdown evident in other economic statistics.

Dollar Mixed Against Latin American Currencies [USD]
The US dollar showed mixed performance against its major Latin American counterparts on Friday. The greenback moved up against the Argentine currency, but extended its recent losses versus the rest of currencies.

Euro Has Mixed Results Against Other Major Currencies [EUR/USD]
The euro experienced mixed trading versus its major counterparts Friday morning. This is on the release of reports showing slightly better than expected industrial production out of Germany and economic growth in Italy.

Hang Seng Seen To Extend Gains []
The winning streak has hit seven sessions for the Hong Kong stock market, and investors say the Hang Seng Index is poised to reclaim the 30,000-point level when the market opens for business on Friday. Providing extra leverage will be the market debut of China Railway.

No comments:

Advertisement

Legal disclaimer and risk disclosure

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.