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Thursday, December 13, 2007

Stocks Give Back Some Ground But Remain Mostly Positive - U.S. Commentary []

Stocks Give Back Some Ground But Remain Mostly Positive - U.S. Commentary []
After moving sharply higher at the start of trading on Wednesday, the U.S. stock markets have given back some ground over the course of the session. The major averages have pulled back well off their highs for the session, although they have remained firmly in positive territory.

China Stocks Close Lower []
Wednesday, Shanghai shares closed lower as banks and property stocks continued to decline after the central bank and the banking regulator warned against growing risks in property lending. The weakness in overseas markets following a smaller-than-expected interest rate cut in U.S. also discouraged domestic investors.

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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.