Pound Battles Back After Hitting All-time Low Versus Euro []

Pound Battles Back After Hitting All-time Low Versus Euro []
The sterling snapped back versus the euro Friday afternoon after hitting a record low earlier in the session. Amid speculation that the Bank of England would further cut interest rates next year, the sterling fell to an all-time low of .7256 just after 10 am ET.

China Stocks Close Sharply Higher, Led By Large Caps []
Thursday, Shanghai shares closed sharply higher for a second straight session, buoyed by large caps like PetroChina. The benchmark Shanghai Composite Index closed up 101.75 points or 2.06% at 5,043.54.

Sterling Falls To Record Low Versus Euro [EUR/GBP]
The sterling fell to a record low against the euro Friday morning in New York, slipping to .7256 shortly after 10 am ET. The sterling has plunged against the euro this week amid expectations that the Bank of England will further cut interest rates.

Japanese Market Gains On Bargain Hunting []
Friday, Tokyo shares closed sharply higher, on bargain hunting, after briefly dipping below the psychologically important 15,000 level in early trade. Further, a report on a capital injection into Merrill Lynch and firmer Asian equities boosted investor sentiment.

Euro Soars To All-Time High Versus Sterling, Steadies Versus Dollar [EUR/USD]
The euro hit an all-time peak versus the sterling and steadied versus the dollar Friday morning in New York. The euro also hit a weekly high versus the yen in relatively subdued dealing ahead of the Christmas holiday.

Stocks Could See Further Upside In Early Trading - U.S. Commentary []
Stocks are likely to see some strength in early trading on Friday, with the major U.S. index futures indicating a higher open for the markets. Nonetheless, trading activity may remain somewhat subdued ahead of the holiday next week.