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Monday, December 03, 2007

Stocks Move To The Upside In Recent Trading - U.S. Commentary []

Stocks Move To The Upside In Recent Trading - U.S. Commentary []
U.S. stocks are seeing limited movement on Monday, as investors take time to digest comments made by Treasury Secretary Hank Paulson and manufacturing data released earlier in the session.

Swiss Franc Mixed Against Buck On Monday [USD/CHF]
The Swiss franc was choppy against its American counterpart in trading on Monday. By the mid morning, the franc had bounced between a high of 1.1264 and a low of 1.1305 as action progressed. Monday, the ISM Manufacturing Index for November will be made public, giving investors a peek at the health of manufacturing.

New Zealand Kiwi Rises Against Euro On Monday [EURNZD]
The New Zealand currency rose steadily against its European counterpart on Monday. The kiwi advanced to a mark of 1.9091 as the midday approached. The currencies moved as the latest report from the Royal Bank of Scotland and NTC Economics showed that the Purchasing Mangers' Index for manufacturing sector in the Eurozone rose to revised 52.8 in November from 51.5 in October.

Stocks Turning In A Lackluster Performance In Morning Trading - U.S. Commentary []
After turning in a strong performance last week, stocks are turning in a lackluster performance in morning trading on Monday. The Dow and the Nasdaq have been bouncing back and forth across the unchanged line, while the S&P 500 has remained in the red.

Pound Up Versus Other Currencies On News Of Manufacturing Growth [GBP/USD]
The pound climbed against other major currencies in early morning New York trading. The sterling rebounded as traders considered news of increases in British manufacturing.

Yen Pares Early Gains Versus Dollar [USD/JPY]
The yen gained against the dollar in early dealing Monday amid an unwinding of carry trades. The yen moved away from Friday's 2-week low of 111.21, hitting 110.20 before the opening bell on Wall Street. The yen softened a bit from there, trading at 110.50 in early afternoon action.

Stocks Fall On Economic Data - U.S. Commentary []
Stocks are trading slightly below the unchanged line on Monday, as weak economic data depresses the markets and as investors digest a speech by Treasury Secretary Hank Paulson.

Wall Street Poised For Lackluster Open Monday Morning Ahead Of ISM Manufacturing Data [$COMPX]
Futures were pointing to a lackluster start to the new week Monday morning as traders braced for more economic data, hoping for any clues about the condition of the US economy.

Euro Stable To Major Currencies After Early Losses [EUR/USD]
The euro has not moved much after falling in early morning New York trading against other major currencies. This is as investors contemplate the release of reports that show growth in manufacturing and a decreased unemployment rate.

Swiss Currency Slips Against Yen [CHF/JPY]
The Swiss currency edged down in trading against its Japanese counterpart on Monday. The franc slipped to 97.76 as action progressed into the mid morning. The pair moved as the Bank of Japan Governor Toshihiko Fukui said Monday that it would take more time for the U.S. housing market to stabilize, as in his opinion the level of housing inventories is still high.

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