Light Turnout Seen For Malaysian Stocks []
The Malaysian stock market is expected to follow modestly positive global cues to the upside when the Kuala Lumpur Composite Index opens for business on Friday - although volume is expected to be light in the midst of a series of holidays. The KLCI was closed on Thursday for the Hari Raya Haji holiday, and it will be closed again on Tuesday for Christmas.
Stocks Turning In Another Choppy Trading Session - U.S. Commentary []
After seeing significant volatility in the previous session, the U.S. stock markets are once again showing a lack of direction during trading on Wednesday. The major averages have bounced back and forth across the unchanged line, unable to sustain any significant moves.
Investors Eye Central Bank Plans, Rise In Oil Ahead Of Thursday Trading - European Commentary []
European investors will be digesting Wednesday's news regarding the dramatic initiative unveiled by a coalition of central banks to jointly increase liquidity in global credit markets. The announcement saw the Federal Reserve, the ECB and other banks offer discounted rates to loan cash to private banks.
Futures Indicating Flat Opening In Europe As French GDP, Rate Worries Loom - European Commentary []
Futures are indicating a flat open for most European indices Thursday after three consecutive losing sessions this week. Pessimism over the ongoing credit crisis continues to affect market sentiment as ECB Chairman Jean-Claude Trichet's comments on Wednesday, which indicated a rate cut was unlikely due to inflation concerns, are still weighing on European markets.
European Markets Rise On New Fed Plan - European Commentary []
The European markets rose on Wednesday after the U.S. Federal Reserve announced a plan to work with other central banks to ease tight conditions in credit markets.
Rate Increase May Slow China Stocks []
The Chinese stock market will have to overcome some unfriendly economic news if it wants to add to its two-day winning streak when the Shanghai Composite Index opens for business on Friday. Investors have easily enough shrugged off bad news before - on Friday, they'll have to deal with an immediate increase in the benchmark one-year lending rate by 18bps to 7.47% by the Peoples Bank of China.
Little Stock Movement Seen Ahead Of Thai Election []
There's not much action predicted for the Thai stock market on the final day of this business week. The Stock Exchange of Thailand is seen to continue its moderately negative momentum over declining shares of energy giant PTT - but trade is expected to be very light and nervous ahead of Sunday's general election.
Stocks Moving Modestly Higher In The Mid-Morning - U.S. Commentary []
While buying interest has remained relatively subdued, the U.S. stock markets have moved modestly higher over the course of morning trading on Wednesday. The major averages have all climbed above the unchanged line, adding to the gains that were posted in the previous session.
Concerns About Economic Outlook Lead To Weakness Among Stocks - U.S. Commentary []
Stocks continue on the downside in early-afternoon trading on Monday, as investors continue to worry about the state of the U.S. economy. The selling pressure comes after significant losses posted in the previous session.
Friday, December 21, 2007
Light Turnout Seen For Malaysian 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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