Swiss Currency Choppy In Trading Versus Euro [EUR/CHF]

Swiss Currency Choppy In Trading Versus Euro [EUR/CHF]
The Swiss franc saw little movement in action against the euro on Friday as trading moved into the mid-afternoon. The franc bounced between a high o f 1.6390 and a low of 1.6410. The pair moved as the number of employees in German manufacturing units rose 1.9% on year in September.

Stocks Headed For Higher Opening - U.S. Commentary []
Stocks are poised for a higher opening on Wednesday, extending sharp gains seen in the previous session following optimistic inflation data and positive news out of Bear Stearns (BSC).

Stocks Once Again Showing A Lack Of Direction - U.S. Commentary []
With traders continuing to express some uncertainty about the outlook for the markets, stocks are once again showing a lack of direction in morning trading on Friday. The major averages have been bouncing back and forth across the unchanged line.

Dollar Gains On Euro And Sterling Friday Morning As Global Stocks Tumble [EUR/USD]
The dollar gained on the euro and sterling while seeing little change against the yen and loonie Friday morning in New York. Trading took place amid steep losses for stocks in Asia and Europe, which prompted more risk aversion.

Stocks Surge On Strength Within Financials And Tech - U.S. Commentary []
With financial and technology stocks leading the way, stocks rose sharply on Tuesday, ending four straight sessions of losses on positive news out of Wal-Mart (WMT) and Goldman Sachs (GS).

Dollar Drops To Fresh 12-year Low Versus Swiss Franc [USD/CHF]
The dollar slipped to a fresh 12-year low versus the Swiss Franc in recent dealing Friday morning. After moving in a narrow range around 1.1225 for most of the morning, the dollar dropped to 1.1166 by 9:20 am. A move below 1.1120 would bring the dollar to a new multi-decade low.

Canadian Stocks Rally Back To Unchanged Line - Canadian Commentary []
Canadian stocks are little changed in early afternoon dealing after a late morning rally erased losses from the first hour of the session. Bay Street is attempting to stabilize after seeing significant losses this week, and traders may be on the hunt for bargains among beaten down stocks.

Choppy Trading Persists In Early Afternoon Trading - U.S. Commentary []
After ending the previous session lower as a result of a late-day sell off, the U.S. stock markets have shown a lack of direction throughout the trading session on Thursday. Some traders may be staying on the sidelines following recent volatility.

Danske Bank Expects Growth To Slow In Japanese Q4 []
Flemming Nielsen from Danske Bank remarked on Friday that no major surprises in the minutes from 10-11 October monetary meeting of the Bank of Japan. The official line continues to be that the Japanese economy is currently doing OK and eventually BoJ will have to hike rates, he said, but noted that the BoJ recognises that significant downside risks exist due to the US housing market and turmoil on international financial markets and is clearly in no hurry to hike rates.

Euro Testing 2-month Low Versus Swiss Franc []
The euro is testing a 2-month low versus the Swiss franc Friday morning just before the opening bell on Wall Street. The euro slipped to 1.6382 in the last hour. A move below 1.6378 would take the euro to its lowest point since September 10.

Stocks Posting Modest Gains - U.S. Commentary []

Stocks Posting Modest Gains - U.S. Commentary []
U.S. stocks are off of their early highs on Wednesday, but they continue to post modest gains after Bear Stearns (BSC) made encouraging remarks concerning the credit markets and the government reported tame inflation data.

Canadian Stocks End Dismal Week With A Whimper Friday - Canadian Commentary []
Canadian stocks finished a dreadful week on a relatively lackluster note, bouncing back and forth around the unchanged line throughout the session before closing just above water. Traders were hesitant to jump back into equities amid fears about a recession in the US and the negative impact of a stronger loonie.

Yen Eases To Majors As Risk Appetite Picks Up [USD/JPY]

Yen Eases To Majors As Risk Appetite Picks Up [USD/JPY]
The yen eased versus its major counterparts Friday morning, giving back early gains as US gains for US stocks fueled increased risk appetite.

Stocks Close Lower After Another Late-Day Sell Off - U.S. Commentary []
After showing a lack of direction for much of the morning, the U.S. stock markets succumbed to selling pressure late in the trading day on Thursday. Stocks moved sharply lower, adding to the steep losses that were posted in the previous session.

Miners, Financials Drag Lead TSX Lower In Early Dealing Friday []
Toronto's TSX Composite Index has declined in early dealing Friday morning, adding to this week's considerable losses as traders continue to express concerns about that the Canadian economy may be in for a rough patch.

Stocks Headed For Higher Opening - U.S. Commentary []
Stocks are poised for a higher opening on Wednesday, extending sharp gains seen in the previous session following optimistic inflation data and positive news out of Bear Stearns (BSC).

Swiss Franc At 12-year High Versus Dollar; Challenging Multi-decade Peak [USD/CHF]
The Swiss franc extended its early gains versus the dollar Friday afternoon in New York, adding to its 12-year peak by hitting 1.1165. With the advance, the franc crept closer to a multi-decade low of 1.1120, set in 1995.

Bargain Hunting Contributes To Continued Strength In The Early Afternoon - U.S. Commentary []

Bargain Hunting Contributes To Continued Strength In The Early Afternoon - U.S. Commentary []
While buying interest has waned somewhat from earlier in the session, the U.S. stock markets continue to see significant strength in early afternoon trading on Tuesday. The major averages all remain firmly in positive territory, hovering near their best levels of the day.

US Stocks Look To End Volatile Week On A High Note - US Commentary []
US stocks were poised for modest gains at the open of Friday session despite ongoing concerns about issues in the credit markets and the psyche of the American consumer. Stocks were hit hard in late-day trading on Tuesday after more banks revealed writedowns on subprime mortgage-backed debt.

Stocks Posting Modest Gains - U.S. Commentary []
U.S. stocks are off of their early highs on Wednesday, but they continue to post modest gains after Bear Stearns (BSC) made encouraging remarks concerning the credit markets and the government reported tame inflation data.

Choppy Trading Persists In Early Afternoon Trading - U.S. Commentary []
After ending the previous session lower as a result of a late-day sell off, the U.S. stock markets have shown a lack of direction throughout the trading session on Thursday. Some traders may be staying on the sidelines following recent volatility.

Stocks Once Again Showing A Lack Of Direction - U.S. Commentary []
With traders continuing to express some uncertainty about the outlook for the markets, stocks are once again showing a lack of direction in morning trading on Friday. The major averages have been bouncing back and forth across the unchanged line.

Stocks Continue To Turn In A Lackluster Performance - U.S. Commentary []
Stocks have continued to turn in a lackluster performance throughout morning trading on Thursday, with the major averages unable to sustain any significant moves following the release of mixed economic data.

Stocks Could See Some Further Downside In Early Trading - U.S. Commentary []
After coming under pressure late in the previous session, stocks could see some further downside in early trading on Thursday. The major U.S. index futures are indicating a lower open following the release of some key economic data.

Stocks Close Lower After Another Late-Day Sell Off - U.S. Commentary []

Stocks Close Lower After Another Late-Day Sell Off - U.S. Commentary []
After showing a lack of direction for much of the morning, the U.S. stock markets succumbed to selling pressure late in the trading day on Thursday. Stocks moved sharply lower, adding to the steep losses that were posted in the previous session.

Wall Street Braces For Key Readings On Consumer Spending And Inflation Wednesday Morning - US Commentary []
US stocks looked to carry over momentum from the previous session on Wednesday as traders braced for key readings on consumer spending and inflation.

Early Signals Mostly Negative For Stocks Thursday Morning Ahead Of Key CPI Data []
US stocks were poised to extend their losses from the previous session on Thursday, with traders on edge in anticipation of the release of the Consumer Price Index.

Stocks Continue To Perform Well In Late-Morning Trading - U.S. Commentary []

Stocks Continue To Perform Well In Late-Morning Trading - U.S. Commentary []
After falling sharply in recent sessions, stocks are seeing significant strength in morning trading on Tuesday. The major averages have all moved firmly into positive territory after closing lower in the four previous sessions.

Markets Turning In A Lackluster Performance - U.S. Commentary []
Stocks are turning in a lackluster performance on Wednesday, posting slight gains as credit concerns wane following statements from Bear Stearns (BSC).

Stocks Showing Strong Upward Move In Early Afternoon Trading - U.S. Commentary []
After closing lower in the two previous sessions, the U.S. stock markets have shown a lack of direction throughout the trading session on Friday. Stocks have had difficulty sustaining any significant moves.

Stocks Could See Some Further Downside In Early Trading - U.S. Commentary []
After coming under pressure late in the previous session, stocks could see some further downside in early trading on Thursday. The major U.S. index futures are indicating a lower open following the release of some key economic data.

Bloomberg.com: U.K. Pound Posts Biggest Weekly Drop Against Euro in Two Years

The pound posted its biggest weekly drop against the euro in more than two years as signs economic growth is slowing fueled speculation the Bank of England will cut its key interest rate as early as next month.

The pound declined against 12 of the 16 most-active currencies in the past week, tumbling to the lowest against the euro in 4 1/2 years. A report yesterday showed retail sales unexpectedly dropped and the central bank this week forecast economic growth will slow ``sharply'' next year and signaled at least one reduction in the benchmark rate.

``Sterling is likely to remain under pressure against the euro this year,'' said Martin McMahon, a currency strategist at Credit Suisse Group in Zurich. ``The inflation report was on the dovish side, retail sales weren't great, so it's understandable we see markets pricing in rate cuts, even before Christmas.''

Against the euro, the pound fell to 71.71 pence, the lowest since June 2003, before trading at 71.45 pence by 5:30 p.m. in London, little changed from yesterday. It slid 1.9 percent on the week, the biggest drop since July 2005.

The U.K. currency also weakened the most versus the dollar since August this week, sliding 1.9 percent to $2.0505. That's up from $2.0451 yesterday.

The latest industry and government reports show signs the housing-market boom has fizzled out and consumers are reining-in spending as interest rates at a six-year high curb demand.

Average U.K. house prices will be unchanged in 2008, compared with the most recent annual gain of 9.7 percent, Nationwide Building Society said today.

Government figures meanwhile showed retail sales fell for the first time in nine months in October, dropping 0.1 percent, as shoppers bought less food and clothing.

Spread Widens

The spread, or difference in yields, between two- and 10- year gilts widened 11 basis points since Nov. 9 to 12 basis points today as risk-averse investors sought the safety of shorter-dated paper.

Gilts advanced this week, with two-year yields dropping 22 basis points to 4.51 percent, a 9 basis-point drop on the day. The 10-year gilt yield slid 10 basis points this week and 4 basis points today to 4.64 percent.

Assuming a reduction in borrowing costs next year, inflation will slow to its 2 percent target by 2009, according to the Bank of England's quarterly inflation report published Nov. 14.

Consumer prices increased 2.1 percent last month. Turmoil in financial markets ``poses the biggest downside risk'' to Europe's second-largest economy, the bank said.

Markets Likely To See Further Downside On Global Weakness - European Commentary []

Markets Likely To See Further Downside On Global Weakness - European Commentary []
The index futures are pointing towards a lower opening for U.K.'s FTSE 100 and France's CAC 40 indexes and a higher opening for Germany's DAX 30 index on Monday. Global cues are also weak, with the U.S. stocks plunging on Friday and the major markets across the Asia-Pacific region trading sharply lower on Monday.

Stocks Showing A Lack Of Direction In Morning Trading - U.S. Commentary []
With traders digesting some mixed economic data, the U.S. stock markets are turning in a lackluster performance in morning trading on Thursday. Stocks have been unable to sustain any significant moves.

Markets Likely To Trade In A Range Ahead Of BoE, ECB Decision On Interest Rates - European Commentary []
The index futures are pointing towards a lower opening for U.K.'s FTSE 100 and a higher opening for France's CAC 40 and Germany's DAX 30 indexes on Wednesday. Global cues are also strong, with the U.S. stocks rallying Tuesday and the major markets across the Asia-Pacific region trading higher on Wednesday.

Markets Likely To Open Higher; Profit-taking May Cap Gains - European Commentary []
The major European index futures are pointing towards a higher opening for the markets on Thursday. But global cues are weak, with the U.S. stocks closing lower overnight and the major markets across the Asia-Pacific region trading weak on Thursday.

Miners, Financials Drag Lead TSX Lower In Early Dealing Friday []
Toronto's TSX Composite Index has declined in early dealing Friday morning, adding to this week's considerable losses as traders continue to express concerns about that the Canadian economy may be in for a rough patch.

Stocks Move Back To The Downside In The Mid-Afternoon - U.S. Commentary []
While the U.S. stock markets showed a notable move to the upside in late morning and early afternoon trading on Friday, they were unable to sustain the upward move as traders showed a lack of conviction.

Markets Turning In A Lackluster Performance - U.S. Commentary []
Stocks are turning in a lackluster performance on Wednesday, posting slight gains as credit concerns wane following statements from Bear Stearns (BSC).

Stocks Mixed In Late-Morning Trading - U.S. Commentary []
The major averages are currently mixed on Wednesday, as brokerage stocks rise on positive comments from Bear Stearns (BSC) while oil once again moves to the upside.

Market Opens On Flat Note; Sees Volatility In Early Trade - Indian Commentary []

Market Opens On Flat Note; Sees Volatility In Early Trade - Indian Commentary []
Wednesday, Indian shares opened on a flat note, in line with its Asian peers. The markets were also seeing some degree of volatility in early trade. At 10:10 a.m. IST, the Sensex was down 6 points at 19,922, but the broader Nifty was adding 19 points to 5,957.

Weak Lead For Indonesian Stocks []
The Indonesian stock market posted modest gains Thursday off a light lead from Wall Street. Investors are hoping the Jakarta Composite Index can do it again on Friday on more negative global cues.

South Korean Market Falls On Selling Pressure []
Seoul shares fell sharply Thursday as investors sold shipyard, steel and other large-cap stocks. The benchmark KOSPI index closed down 24.84 points or 1.3% at 1,947.74.

Weak Lead For Singapore Stocks []
The Singapore stock market finished in negative territory on Thursday, and investors expect the Straits Times Index to trade under water again on Friday after another weak lead from the United States.

South Korean Market Closes Lower []
Friday, Seoul shares settled lower, but off day's lows as bargain hunting emerged in late afternoon trade. The market sentiment was weak, following the overnight sell-off on Wall Street, as downbeat comments by JC Penney and Wells Fargo raised worries about the strength of the U.S. economy.

Sterling Fights Back From Early Losses Versus Majors [GPB/USD]

Sterling Fights Back From Early Losses Versus Majors [GPB/USD]
The sterling extended its November downtrend versus other majors in Friday early deals, but was able to fight back in mid-morning action amid speculation its recent sell-off was overdone.

Stocks Showing A Lack Of Direction In Morning Trading - U.S. Commentary []
With traders digesting some mixed economic data, the U.S. stock markets are turning in a lackluster performance in morning trading on Thursday. Stocks have been unable to sustain any significant moves.

Loonie Snaps Back Versus Dollar, Euro [USD/CAD]
The Canadian dollar bounced back against its US counterpart on Friday, rising to .9704 from Thursday's 5-week low near the .99 mark. Prior to firming up today, the loonie had dropped almost 9 cents from last week's modern-era era high of .9056.

Euro Testing 2-month Low Versus Swiss Franc []
The euro is testing a 2-month low versus the Swiss franc Friday morning just before the opening bell on Wall Street. The euro slipped to 1.6382 in the last hour. A move below 1.6378 would take the euro to its lowest point since September 10.

European Markets End Slightly Higher; Banks Shine, Oils Decline - European Commentary []
The European markets closed slightly higher in choppy trading on Monday, as a rally among banking stocks offset the weakness in energy and mining stocks.

Euro Rebounds Versus Dollar On Increased Risk Appetite [EUR/USD]

Euro Rebounds Versus Dollar On Increased Risk Appetite [EUR/USD]
The euro raced higher versus the dollar as US stock futures indicated a positive open on Wall Street Friday morning. With risk appetite picking up, the higher-yielding euro wiped out its early losses, rising to 1.4660 from a 3:00 am ET low of 1.4580.

Greenback Higher Against Currencies Of Most Emerging European Economies, Declines Versus South African Rand []
The US dollar strengthened against most of emerging European market currencies early Friday. However, the buck was down against the South African rand in the early trading.

Miners, Financials Drag Lead TSX Lower In Early Dealing Friday []
Toronto's TSX Composite Index has declined in early dealing Friday morning, adding to this week's considerable losses as traders continue to express concerns about that the Canadian economy may be in for a rough patch.

Swiss Currency Strong Versus Yen Friday [CHF/JPY]
In trading against the yen on Friday, the Swiss currency saw strength. The advance brought the franc to a mark of 98.82 as action progressed. The Japanese leading index fell to zero in September from 27.3% registered in August. Friday's report confirmed the prior estimate.

Sterling Declines Against Majors [GBP]
The British currency weakened against its major counterparts during the European deals on Friday. The sterling dipped to an 8-month low of 2.2852 against the franc and new multi-year low of 0.7179 against the euro.

Swiss Currency Mostly Choppy Friday Morning [USD/CHF]
The Swiss franc was mostly mixed against its world counterparts on Friday as retail sales data for the area was released. The currency traded into the mid-morning in New York.

European Markets Fall As Dollar Hits Record Low Against Euro - European Commentary []
The European markets fell on Wednesday, as insurance and automotive stocks declined after the U.S. dollar dropped to a record low against the euro and airlines stocks slipped after crude oil prices breached the $98 a barrel mark.

Swiss Currency Choppy Versus Sterling [GBP/CHF]
Versus the sterling on Friday, the Swiss currency saw little direction. As action moved into the mid morning, the franc held between a high of 2.2870 and a low of 2.2950. U.K. house price inflation is expected to drop to zero percent by November 2008 from the current rate of 9.7%.

Japanese Market Falls On Weak Lead From U.S., Stronger Yen []
Friday, Tokyo shares opened sharply lower, tracking the fall on Wall Street overnight. The appreciation of the yen and uncertainty about the government's fiscal policy also weighed on market sentiment.

Stocks Plunge On Lingering Subprime Concerns; Hang Seng Sheds 4% - Asian Commentary []

Stocks Plunge On Lingering Subprime Concerns; Hang Seng Sheds 4% - Asian Commentary []
Friday, stock markets across the Asia-Pacific region tumbled, as U.S. stocks fell overnight on persisting subprime crisis and negative comments from J.C. Penny and Wells Fargo.

Australia Shares Get Negative Wall Street Push For Open []
Australian stocks will look to rebound in the week's final trading day, despite Wall Street's down-side lead.

Franc Mixed Against Majors Ahead Of Swiss Adjusted Retail Sales Data [CHF]
The Swiss adjusted retail sales data for the month of September, is expected at 3:15 am Eastern Time. Ahead of the release the franc showed mixed trading. The Swiss currency declined against the pound, the greenback and the yen but gained against the euro.

British Pound Slides Against Majors [GBP]
The British currency lost ground against its major counterparts at about 5:00 am ET. As of now, the sterling is worth 2.0401 against the US dollar, 2.2920 versus the franc, 224.90 against the yen and 0.7158 versus the euro.

Market Opens Sharply Lower - Indian Commentary []
Correction: In the previous version of the article, the day was erroneously written as 'Wednesday' instead of 'Friday'. The correction has been incorporated.

Canadian Dollar Gains Against Majors [CAD]
In the early European deals on Friday, the Canadian currency gained ground against some of its major counterparts. As of now, the loonie is trading near 112.23 versus the yen, 1.4340 against the euro and 0.9829 against the US currency.

Stocks See Some Weakness As Profit-taking Sets In After Sharp Rises - Asian Commentary []

Stocks See Some Weakness As Profit-taking Sets In After Sharp Rises - Asian Commentary []
Thursday, stocks markets across the Asia-Pacific region were trading mixed and on a flat note, following sharp gains on Wednesday. After seeing little movement for much of Wednesday's session, the U.S. stock markets took a dive in the last half an hour of trade, led downward by weakness in retail stocks.

Dollar Declines Against Euro And Pound [USD]
Around 1:15 am ET, the US dollar lost ground against the euro and the pound. As of now, the dollar is worth 1.4633 against the euro and 2.0468 against the pound.

Euro Mixed Against Majors Ahead Of French Data [EUR]
Ahead of the release of the French Q3 non-farm payrolls data, the euro saw a mixed trading. While the euro gained against the dollar, it declined versus the yen and the franc. Against the pound, the euro moved sideways. At about 2:40 am ET, the euro fetched 1.4635 against the dollar, 0.7150 against the pound, 160.81 against the yen and 1.6411 against the franc.

Hong Kong Stocks Get Mixed Message []
Following a mild decline on Thursday, a newspaper report sends conflicting messages as the Hong Kong stock market prepares to open trade on Friday.

Markets Likely To See Some Weakness Due To Profit Taking Following Recent Rally - Indian Commentary []
Global cues are pointing towards a lower opening for the Indian markets on Thursday. The U.S. stocks fell overnight on credit worries and the major stock markets across the Asia-Pacific region are trading flat on Thursday after the sharp rise on Wednesday.

Japanese Market Falls On Weak Lead From U.S., Stronger Yen []
Friday, Tokyo shares opened sharply lower, tracking the fall on Wall Street overnight. The appreciation of the yen and uncertainty about the government's fiscal policy also weighed on market sentiment.

European Markets Fall, Led By Banks; Miners' Rally - European Commentary []
The European markets fell on Thursday, as banking stocks declined after Morgan Stanley yesterday became the latest U.S. firm to announce sub-prime market losses and Fortis reported third quarter earnings that missed analysts' estimate. However, mining stocks rallied on bid news and limited market losses.

Euro Down Against Pound, Up Versus Other Majors Amid French Data [EUR]
Amid the release of the French data at 2:45 am ET, the euro was down against the pound, but it ticked up versus the other majors. At about 2:52 am ET, the euro fetched 1.4641 against the dollar, 0.7150 against the pound, 161.22 against the yen and 1.6406 against the franc.

Markets Likely To Trade In A Range Ahead Of BoE, ECB Decision On Interest Rates - European Commentary []
The index futures are pointing towards a lower opening for U.K.'s FTSE 100 and a higher opening for France's CAC 40 and Germany's DAX 30 indexes on Wednesday. Global cues are also strong, with the U.S. stocks rallying Tuesday and the major markets across the Asia-Pacific region trading higher on Wednesday.

China Stocks Brace For Rate Hike []
Investors in China's Shanghai Composite Index will be holding their breath on Friday when the market kicks off trade amidst the likelihood of an interest rate increase by the central bank.

Markets Rise On Broad Based Rally - U.S. Commentary []

Markets Rise On Broad Based Rally - U.S. Commentary []
U.S. stocks are continuing to climb higher on Tuesday, as the markets experience a broad-based rally after Wal-Mart (WMT) reported strong quarterly results and Goldman Sachs (GS) made positive comments.

European Markets Fall, Led By Banks; Miners' Rally - European Commentary []
The European markets fell on Thursday, as banking stocks declined after Morgan Stanley yesterday became the latest U.S. firm to announce sub-prime market losses and Fortis reported third quarter earnings that missed analysts' estimate. However, mining stocks rallied on bid news and limited market losses.

Stocks Showing A Lack Of Direction In Morning Trading - U.S. Commentary []
With traders digesting some mixed economic data, the U.S. stock markets are turning in a lackluster performance in morning trading on Thursday. Stocks have been unable to sustain any significant moves.

European Markets Fall On Disappointing Earnings, Weak Oils - European Commentary []
The European markets fell for the first time in four days on Thursday, as disappointing earnings from companies such as SABMiller, Sodexho Alliance and Credit Agricole dampened investor sentiments and heavily weighted energy stocks came under pressure following a drop in crude oil prices.

Stocks Seeing Significant Strength Following Recent Weakness - U.S. Commentary []
With traders going bargain hunting following substantial weakness in recent sessions, the U.S. stock markets are turning in a strong performance in morning trading on Tuesday. A variety of sectors are moving back to the upside.

Correction: Dollar Hits Multi-week High Versus Indonesian Rupiah [USD/IDR]
Correction: The previous article on US dollar versus Indonesian rupiah was erroneously titled as "Dollar hits multi-week high versus US dollar" instead of "Dollar hits multi-week high versus Indonesian rupiah". The same has been corrected. Updated version follows: The US dollar staged a sharp rise against the Indonesian rupiah during the early Asian deals on Friday.

Stocks Seeing Some Weakness But Lack Conviction - U.S. Commentary []
While the U.S. stock markets showed a lack of direction throughout much of morning trading on Thursday, stocks are seeing some weakness in the afternoon. Most of the major sectors have moved lower over the course of the session.

Choppy Trading Persists In Early Afternoon Trading - U.S. Commentary []
After ending the previous session lower as a result of a late-day sell off, the U.S. stock markets have shown a lack of direction throughout the trading session on Thursday. Some traders may be staying on the sidelines following recent volatility.

Swiss Franc Declines Versus Buck [USD/CHF]

Swiss Franc Declines Versus Buck [USD/CHF]
The Swiss franc was weak in trading against its American counterpart on Thursday morning. The decline brought the franc to a mark of 1.1253 as action progressed. The US Department of Labor released its report on consumer price inflation in the month of October on Thursday, showing that the consumer price index rose 0.3 percent in October following an unrevised 0.3 percent increase in September.

Stocks Seeing Moderate Weakness In Early Trading - U.S. Commentary []
Stocks have come under pressure in early trading on Thursday, with the major averages seeing some further downside after falling sharply late in the previous session. The early weakness comes on the heels of the release of some mixed economic data.

Slumping Sterling Falls To 4 1/2 Year Low Versus Euro, Weakens To Dollar And Yen [GPB/USD]
The slumping sterling staggered against its major counterparts Thursday morning on Wall Street, plummetting to a 4 1/2 year low against the euro. Traders considered an unexpected drop in UK retail sales, which raised expectations for a near-term cut in interest rates.

Euro Soars To 4 1/2 Year Peak Versus Pound, Eases Slightly To Greenback Amid Slew Of Data [EUR/USD]
The euro was mixed against other majors Thursday morning in New York, surging to a its highest point since 2003 versus the sterling. Traders considered a slew of economic data, including a report on euro zone inflation.

Stocks See Some Weakness As Profit-taking Sets In After Sharp Rises - Asian Commentary []
Thursday, stocks markets across the Asia-Pacific region were trading mixed and on a flat note, following sharp gains on Wednesday. After seeing little movement for much of Wednesday's session, the U.S. stock markets took a dive in the last half an hour of trade, led downward by weakness in retail stocks.

Continued Gains Unlikely For KOSPI []
The South Korean stock market enjoyed its best day in more than a week on Wednesday, but investors aren't too sure the market can sustain the rebound when the market opens for trade on Thursday.

Decline Seen For Malaysian Stocks []
After closing virtually flat Wednesday on strong global cues, analysts figure that Malaysia's Kuala Lumpur Composite Index could be headed South on weak momentum when the market kicks off trade on Thursday.

Dollar Inching Closer To Parity, Challenging .98 Mark Versus Loonie [USD/CAD]
The dollar is extending its 4-week high versus Canada's loonie in mid-day dealing Thursday. The dollar is challenging the .98 mark for the first time since October 22, having risen to .9792 as of 11:30 am ET. The advance brings the dollar further away from a modern-era record low near .9050 earlier in November.

European Markets Fall As Dollar Hits Record Low Against Euro - European Commentary []

European Markets Fall As Dollar Hits Record Low Against Euro - European Commentary []
The European markets fell on Wednesday, as insurance and automotive stocks declined after the U.S. dollar dropped to a record low against the euro and airlines stocks slipped after crude oil prices breached the $98 a barrel mark.

Euro Hits 53-month High Against Pound [EUR]

Euro Hits 53-month High Against Pound [EUR]
The euro moved higher against the majors during Asian trading on Thursday, but showed mixed performance in the European deals. Helped by unexpectedly fallen British retail sales, the euro surged to new multi-year high against the sterling but against the rest of majors, the currency weakened

BNP Paribas: Rate Cut For BoE In December Cannot Be Completely Excluded []
Raymond Van der Putten of BNP Paribas remarked on Thursday that UK retail sales edged down in October by 0.1%, as lower sales in stores were almost offset by a surge in non-store sales such as internet shopping.

Euro Soars To 4 1/2 Year Peak Versus Pound, Eases Slightly To Greenback Amid Slew Of Data [EUR/USD]
The euro was mixed against other majors Thursday morning in New York, surging to a its highest point since 2003 versus the sterling. Traders considered a slew of economic data, including a report on euro zone inflation.

Early Signals Mostly Negative For Stocks Thursday Morning Ahead Of Key CPI Data []
US stocks were poised to extend their losses from the previous session on Thursday, with traders on edge in anticipation of the release of the Consumer Price Index.

Japan Stocks Look To Build On Wednesday Turn-Around []
Japanese stocks will look Thursday to sustain the upward momentum gained during a major turn-around the day before.

Stocks Headed For Higher Opening - U.S. Commentary []

Stocks Headed For Higher Opening - U.S. Commentary []
Stocks are poised for a higher opening on Wednesday, extending sharp gains seen in the previous session following optimistic inflation data and positive news out of Bear Stearns (BSC).

South Korean Market Falls On Selling Pressure []
Seoul shares fell sharply Thursday as investors sold shipyard, steel and other large-cap stocks. The benchmark KOSPI index closed down 24.84 points or 1.3% at 1,947.74.

Stocks End The Session Firmly In The Red On Late-Day Weakness - U.S. Commentary []
After experiencing choppy trading for much of the session, the U.S. stock markets came under pressure late in the trading day on Monday. The major averages all moved to the downside, with the Nasdaq moving firmly into negative territory.

Stocks Surge On Strength Within Financials And Tech - U.S. Commentary []
With financial and technology stocks leading the way, stocks rose sharply on Tuesday, ending four straight sessions of losses on positive news out of Wal-Mart (WMT) and Goldman Sachs (GS).

Tech Leads Markets To Significant Declines - U.S. Commentary []
Friday was another rough trading day on Wall Street, as technology stocks continued to depress the markets following negative comments from Qualcomm (QCOMM).

European Markets Fall On Credit Fears, Weak Techs - European Commentary []
The European markets fell the most in two months on Friday, as banking stocks came under pressure after Wachovia Corp. of the U.S. warned of further loan losses and technology shares slipped on a poor earnings forecast from Qualcomm Inc.

European Markets Rise, Led By Telecoms - European Commentary []

European Markets Rise, Led By Telecoms - European Commentary []
The European markets rose on Tuesday, as telecommunication stocks rallied after Vodafone raised its fiscal year 2008 sales and earnings forecasts, offsetting losses in the energy sector.

European Markets Fall As Dollar Hits Record Low Against Euro - European Commentary []
The European markets fell on Wednesday, as insurance and automotive stocks declined after the U.S. dollar dropped to a record low against the euro and airlines stocks slipped after crude oil prices breached the $98 a barrel mark.

Markets Likely To See Further Downside On Global Weakness - European Commentary []
The index futures are pointing towards a lower opening for U.K.'s FTSE 100 and France's CAC 40 indexes and a higher opening for Germany's DAX 30 index on Monday. Global cues are also weak, with the U.S. stocks plunging on Friday and the major markets across the Asia-Pacific region trading sharply lower on Monday.

European Markets Rise On Strong Earnings, Miners - European Commentary []
The European markets rose for the first time in four days on Tuesday, as forecast-beating earnings from companies such as Swiss Re and Vestas Wind Systems lifted investor sentiments and mining stocks rallied on rising copper and gold prices.

Turkish Lira Firm Against Dollar [USD/TRY]
During the early deals on Thursday, the Turkish lira showed strength against the US dollar. The dollar-lira pair fetched a high of 1.1718 at about 2:35 am ET.

Swiss Franc Hits New 12-year High Versus Dollar, Nears Multi-decade Peak [USD/CHF]

Swiss Franc Hits New 12-year High Versus Dollar, Nears Multi-decade Peak [USD/CHF]
The Swiss franc hit a fresh 12-year high against the dollar Wednesday morning in New York, advancing to 1.1176 before levelling off in late morning action. A move above 1.1120 would bring the franc to its highest point in at least two decades against its struggling US counterpart.

Chinese Shares Close Sharply Higher Led By Energy And Metals Stocks []
Wednesday, Shanghai shares closed sharply higher led by energy and metal stocks. Sharp gains in the U.S. and Hong Kong markets boosted investor sentiment. The benchmark Shanghai Composite Index closed up 254.58 points or 4.94% at 5,412.69.

Sterling Testing-multi-week Low Versus Dollar Wednesday Afternoon []
The sterling is testing a 3-week low against the dollar after suffering steep losses over the course of Wednesday's session. The pound dropped to 2.0560 at around noon, having erased its gains from the previous session. A move below 2.0524 would bring the sterling to its lowest point since late October.

Markets Open Sharply Higher On Strong Global Cues - Indian Commentary []
Wednesday, Indian shares opened on a strong note and in line with its Asian peers. At 10:04 a.m. IST, the Sensex was up 499 points at 19,535 and the broader Nifty was adding 144 points to 5,840.

Markets Likely To See Some Weakness Due To Profit Taking Following Recent Rally - Indian Commentary []
Global cues are pointing towards a lower opening for the Indian markets on Thursday. The U.S. stocks fell overnight on credit worries and the major stock markets across the Asia-Pacific region are trading flat on Thursday after the sharp rise on Wednesday.

Sterling Plummets To 4-year Low Versus Euro, Loses Ground To Dollar [GPB/USD]
The sterling plunged to a multi-year low versus the euro and raced to the downside against the dollar Wednesday morning in New York. Traders considered data showing that the U.K. claimant count declined for the thirteenth consecutive month in October, official data showed Wednesday.

US Dollar Slides Against European Majors [USD]
The US dollar weakened against its major European counterparts in the early Asian trading on Thursday.

Japan Stocks Look To Build On Wednesday Turn-Around []
Japanese stocks will look Thursday to sustain the upward momentum gained during a major turn-around the day before.

Japan Foreign Minister Warns Of Pakistan Aid Cuts []
Japan's Foreign Minister is warning that the country's aid to Pakistan may be cut if the democratization process there deteriorates further.

Japanese Market Rebounds On Wall Street Rally []
Wednesday, Tokyo shares rebounded strongly, snapping a eight-day losing streak, after the U.S. stocks rallied overnight and the yen weakened against the dollar.

Stocks End The Session Firmly In The Red On Late-Day Weakness - U.S. Commentary []

Stocks End The Session Firmly In The Red On Late-Day Weakness - U.S. Commentary []
After experiencing choppy trading for much of the session, the U.S. stock markets came under pressure late in the trading day on Monday. The major averages all moved to the downside, with the Nasdaq moving firmly into negative territory.

Strong Lead For Hang Seng []
Shares in Hong Kong's Kuala Hang Seng Index managed to stay above water Tuesday with weak global cues. Now that Wall Street finally provides a strong lead, investors are looking for the market to press firmly back into positive territory on Wednesday.

Japan Foreign Minister Warns Of Pakistan Aid Cuts []
Japan's Foreign Minister is warning that the country's aid to Pakistan may be cut if the democratization process there deteriorates further.

European Markets Fall, Led By Banks; Miners' Rally - European Commentary []
The European markets fell on Thursday, as banking stocks declined after Morgan Stanley yesterday became the latest U.S. firm to announce sub-prime market losses and Fortis reported third quarter earnings that missed analysts' estimate. However, mining stocks rallied on bid news and limited market losses.

TSX Remains Slightly Positive As Tech Stocks Help Offset Weakness In Energy Sector - Canadian Commentary []

TSX Remains Slightly Positive As Tech Stocks Help Offset Weakness In Energy Sector - Canadian Commentary []
Canadian stocks are clinging to early gains in afternoon dealing Tuesday, but weakness in the heavily weighted energy sector have driven the S&P/TSX Composite Index from its early highs. Markets south of the borders are in rally mode, while resurgent tech stocks and gains in the materials sector have kept Toronto's main index in the green for most of the day.

Dollar Advance Versus Loonie Runs Out Of Steam After Furious Rally [USD/CAD]
The dollar's race back towards parity with the loonie ran into headwinds Tuesday morning in New York. The dollar dropped to .9521 by 9 am ET this morning, down from .9722 the night before.

European Markets Fall As Dollar Hits Record Low Against Euro - European Commentary []
The European markets fell on Wednesday, as insurance and automotive stocks declined after the U.S. dollar dropped to a record low against the euro and airlines stocks slipped after crude oil prices breached the $98 a barrel mark.

Swiss Currency Moves Little In Trading Against Euro [EUR/CHF]
The Swiss currency saw little direction in action against the euro on Tuesday. By the mid morning, the franc had moved between a high of 1.6424 and a high of 1.6447. Euro zone industrial output declined 0.7% month-on-month in September, reversing 1.2% growth in August.

TSX Remains Slightly Positive As Tech Stocks Help Offset Weakness In Energy Sector - Canadian Commentary []

TSX Remains Slightly Positive As Tech Stocks Help Offset Weakness In Energy Sector - Canadian Commentary []
Canadian stocks are clinging to early gains in afternoon dealing Tuesday, but weakness in the heavily weighted energy sector have driven the S&P/TSX Composite Index from its early highs. Markets south of the borders are in rally mode, while resurgent tech stocks and gains in the materials sector have kept Toronto's main index in the green for most of the day.

Nasdaq Falls Sharply On Tech's Weakness - U.S. Commentary []

Nasdaq Falls Sharply On Tech's Weakness - U.S. Commentary []
Wall Street is seeing weakness for a second consecutive session on Thursday, largely on weakness within tech after Cisco (CSCO) released a disappointing sales forecast for the second quarter.

Stocks Tumble On Fears Of Widening U.S. Subprime Losses - Asian Commentary []
Monday, stock markets across the Asia-Pacific region closed sharply lower on the back of losses on Wall Street on Friday. The U.S. stocks plummeted on Friday after Bank of America Corp., JPMorgan Chase & Co and Wachovia Corp. all said the ongoing credit crisis will cause another round of heavy losses during the fourth quarter.

General Motors, Dollar, And Financials Push Dow To 360 Point Loss - U.S. Commentary []
Stocks plunged on Wednesday, as a broad based sell-off ensued after General Motors (GM) posted a record quarterly loss, the dollar slumped to further lows against the euro, and negative news continued to leak out of the financial markets.

Tech Depressing Stocks - U.S. Commentary []
Stocks opened the session mostly higher on Thursday, boosted by better than expected quarterly results from Ford (F) and positive comments on the company's outlook.

Tech Continues To Lead Stocks Lower - U.S. Commentary []
Wall Street continues to see notable weakness on Friday, with technology stocks leading the downward trend.

Chinese Stocks Close Lower Led By Banks []
Tuesday, Shanghai shares closed lower, paring early gains, as banks fell on fears of further policy tightening. China's consumer price index rose 6.5% year-over-year in October. The benchmark Shanghai Composite Index closed down 29.62 points or 0.57% at 5,158.12, off an intraday high of 5,311.70.

FTN Financial Analysts Look Ahead To US Data Due Out Later In The Week []
FTN Financial analysts looked ahead to United States' data that is due out on Wednesday, Thursday and Friday. The data includes numbers related to the headline inflation, CPI and retail sales.

Loonie Sees Strength Against Majors [CAD]
The Canadian dollar strengthened against its major counterparts during early deals on Tuesday as traders considered weakness in last week as excessive.

Credit Concerns Drive Markets Lower - U.S. Commentary []
U.S. stocks have extended sharp losses during trading on Friday, as technology tumbles on a trimmed earnings forecast from Qualcomm (QCOM) and confidence wanes after Wachovia (WB) warned of further losses within the credit markets.

Strong Results From Wal-Mart May Inspire Bargain Hunting - U.S. Commentary []
After closing lower in the four previous sessions, stocks are likely to regain some ground in early trading on Tuesday. The major index futures are indicating a sharply higher open for the markets, with positive earnings news from Wal-Mart (WMT) contributing to the upward momentum.

Markets Stage Considerable Recovery - U.S. Commentary []

Markets Stage Considerable Recovery - U.S. Commentary []
Volatility once again dominated the U.S. stock markets on Thursday, as the major averages were able to climb off severe losses in afternoon trading but still ended the session in negative territory.

Weakness In Financials And The Dollar Send Stocks Sharply Lower - U.S. Commentary []
Wall Street continues to move lower on Wednesday, as concerns about just how far the dollar will fall and renewed worries within the credit markets send stocks lower.

Hungarian Forint Advances Against Dollar [USD/HUF]
Against the US dollar, the Hungarian Forint advanced during the Asian deals on Tuesday. The Forint added to its gains in the early European session. The dollar-forint pair that closed yesterday's deals at 175.09 is now trading at 173.48. If the Hungarian currency moves further higher, it may test the near term resistance level seen around 172.5.

Stocks End The Session Firmly In The Red On Late-Day Weakness - U.S. Commentary []
After experiencing choppy trading for much of the session, the U.S. stock markets came under pressure late in the trading day on Monday. The major averages all moved to the downside, with the Nasdaq moving firmly into negative territory.

Euro Mixed Against Majors Ahead Of French CPI [EUR]
The French consumer price index data for the month of October is expected at 2:45 am ET. Ahead of the release, the euro was down against the yen and the franc, but gained against the dollar and the sterling. As of 2:40 am ET, the euro was quoted at 1.4618 against the dollar, 1.6438 against the franc, 0.7079 versus the sterling and 160.77 versus the yen.

Markets Down Sharply In Early Trading - U.S. Commentary []
The U.S. stock markets have opened significantly lower on Wednesday, as oil reaches record intraday highs, oil slumps to record lows, and General Motors (GM) shocks the street by posting a $39 billion quarter loss.

Euro Mixed Against Majors Amid French CPI [EUR]
Amid the release of the French consumer price index data for the month of October, the euro was mixed against its major counterparts. While the euro gained against the sterling and the US dollar, but it slipped against the other majors. As of 2:50 am ET, the euro was quoted at 1.4633 against the dollar, 1.6445 against the franc, 0.7081 versus the sterling and 161.02 versus the yen.

European Markets Rise On Strong Earnings, Miners - European Commentary []
The European markets rose for the first time in four days on Tuesday, as forecast-beating earnings from companies such as Swiss Re and Vestas Wind Systems lifted investor sentiments and mining stocks rallied on rising copper and gold prices.

Financials Pull Markets Lower - U.S. Commentary []
Credit concerns continue to plague the markets on Friday after one of the nation's biggest banks announced further write-downs due to the housing market meltdown.

Markets Poised For Slightly Higher Opening On Monday - U.S. Commentary []
Wall Street is headed for a modestly higher opening on Monday, following a disastrous week for stocks that saw the Nasdaq fall more than 6 percent.

Markets Likely To Trade In A Range Ahead Of BoE, ECB Decision On Interest Rates - European Commentary []

Markets Likely To Trade In A Range Ahead Of BoE, ECB Decision On Interest Rates - European Commentary []
The index futures are pointing towards a lower opening for U.K.'s FTSE 100 and a higher opening for France's CAC 40 and Germany's DAX 30 indexes on Wednesday. Global cues are also strong, with the U.S. stocks rallying Tuesday and the major markets across the Asia-Pacific region trading higher on Wednesday.

Markets Likely To See Further Downside On Global Weakness - European Commentary []
The index futures are pointing towards a lower opening for U.K.'s FTSE 100 and France's CAC 40 indexes and a higher opening for Germany's DAX 30 index on Monday. Global cues are also weak, with the U.S. stocks plunging on Friday and the major markets across the Asia-Pacific region trading sharply lower on Monday.

Nasdaq Falls Sharply On Tech's Weakness - U.S. Commentary []
Wall Street is seeing weakness for a second consecutive session on Thursday, largely on weakness within tech after Cisco (CSCO) released a disappointing sales forecast for the second quarter.

Stocks Likely To Come Under More Pressure At The Open Thursday As Cisco Disappoints []
US stocks were poised to add to losses from the previous session Thursday after networking giant Cisco (CSCO) forecast revenues below analysts' estimates for the current quarter. Traders were looking ahead to testimony before Congress from Fed Chair Ben Bernanke, hoping for clues on the state of the US economy.

Tech Depressing Stocks - U.S. Commentary []
Stocks opened the session mostly higher on Thursday, boosted by better than expected quarterly results from Ford (F) and positive comments on the company's outlook.

European Markets Rise On Strong Earnings, Miners - European Commentary []
The European markets rose for the first time in four days on Tuesday, as forecast-beating earnings from companies such as Swiss Re and Vestas Wind Systems lifted investor sentiments and mining stocks rallied on rising copper and gold prices.

Markets Poised For Slightly Higher Opening On Monday - U.S. Commentary []
Wall Street is headed for a modestly higher opening on Monday, following a disastrous week for stocks that saw the Nasdaq fall more than 6 percent.

Stocks Headed For A Lower Opening - U.S. Commentary []
Stocks are headed for a sharply lower opening on Wednesday, as oil continues its drive towards the $100 a barrel mark, the dollar declines further against its major counterparts, and General Motors (GM) shocks Wall Street with a considerable third-quarter loss.

Tech Continues To Lead Stocks Lower - U.S. Commentary []
Wall Street continues to see notable weakness on Friday, with technology stocks leading the downward trend.

Yen Likely To Remain Soft Against Greenback Next Month - Analyst Forecast []

Yen Likely To Remain Soft Against Greenback Next Month - Analyst Forecast []
The yen is likely to remain soft against the US dollar, according to Osamu Takashima, chief analyst at Bank of Tokyo-Mitsubishi UFJ.

Dollar Higher Versus Yen, Slips Against Rest Of Majors []
During the early Asian deals on Tuesday, the US dollar traded higher versus the Japanese Yen, but it slipped against the rest of majors.

Pound Gains Ground Against Majors []
The British pound gained ground against its major counterparts in the early Asian trading on Tuesday. Up from yesterday's close of 2.0530, the pound-dollar pair moved to 2.0638 at about 8:55 pm ET. Against the Franc, the sterling fetched a high of 2.3289 higher than Monday's close of 2.3173.

Stocks Headed For A Lower Opening - U.S. Commentary []
Stocks are headed for a sharply lower opening on Wednesday, as oil continues its drive towards the $100 a barrel mark, the dollar declines further against its major counterparts, and General Motors (GM) shocks Wall Street with a considerable third-quarter loss.

Stocks Poised For Early Losses - U.S. Commentary []

Stocks Poised For Early Losses - U.S. Commentary []
Stocks are headed for another rough session on Friday after the nation's fourth largest bank reported additional losses related to the housing and credit crisis.

Stocks End The Session Firmly In The Red On Late-Day Weakness - U.S. Commentary []
After experiencing choppy trading for much of the session, the U.S. stock markets came under pressure late in the trading day on Monday. The major averages all moved to the downside, with the Nasdaq moving firmly into negative territory.

Stocks Turning In Lackluster Performances - U.S. Commentary []
The U.S. stocks markets are currently mixed on Monday, as weakness within tech stocks leads the Nasdaq lower, while bank stocks rebound to post considerable gains.

Decline Called For Singapore Stocks []

Decline Called For Singapore Stocks []
There weren't many stock markets that didn't plummet on Thursday, but Singapore was one of them - although that's largely because it was closed for the Deepavali holiday.

Hong Kong Share Market Gains On Property Stocks []
The Hong Kong share market opened slightly lower on Friday and soon found renewed buying interest pushing the stock indices in to positive territory. The real estate stock spurted on the news of a cut in interest rates.

RIM Shares, Resource Stocks Lead TSX To Lowest Levels In 2 Months Canadian Commentary []
Canadian stocks are taking a sever beating for a second day in a row on Monday, dropping the S&P/TSX Composite Index to a 2-month low. Shares of Research in Motion (RIM.TO) have continued a plunge from record highs, while resource stocks have plummeted on concern about global demand for Canadian materials.

Swiss Currency Rises Against Pound On Monday [GBP/CHF]
In trading against the British pound on Monday, the Swiss franc saw strength in action. The franc rose to a mark of 2.3287 as action progressed into the mid-morning. The Office of National Statistics in the U.K. announced that the output price index for home sales of manufactured products rose 3.8% in October from the prior year.

Loonie Hits Multi-week Low Versus Greenback [USD/CAD]
The Canadian dollar plunged to a 2 1/2 week low versus the greenback Monday in New York, extending its losses from late last week. The loonie fell to .9655 by noon ET, down from .9450 overnight and more than 6 cents from last Wednesday's modern-era record high of .9056.

Australian Market Falls On Negative Lead From Wall Street []

Australian Market Falls On Negative Lead From Wall Street []
Monday, Sydney shares closed sharply lower, tracking weak cues from Wall Street. The U.S. stocks plunged Friday on growing concerns about the subprime lending market and negative comments from Qualcomm.

Danske Bank Expects PBoC To Hike Again Before The Year End []
Analyst Flemming Nielsen from Danske Bank remarked on Monday that the Peoples Bank of China (PBoC) this weekend raised its reserve requirement ratio (RRR) for commercial banks by 50bp to 13.5%. However, he noted that it left its leading benchmark lending and deposits rates unchanged.

Dollar Extends Gains Versus Euro And Sterling But Loses Further Ground To Yen Monday Morning [EUR/USD]
The dollar continued to rebound from long-term lows against the euro, sterling and loonie Monday morning in New York. Still, the dollar fell sharply against the yen as traders expressed concerns about the outlook for global stocks.

Stocks Headed For A Lower Opening - U.S. Commentary []

Stocks Headed For A Lower Opening - U.S. Commentary []
Stocks are headed for a sharply lower opening on Wednesday, as oil continues its drive towards the $100 a barrel mark, the dollar declines further against its major counterparts, and General Motors (GM) shocks Wall Street with a considerable third-quarter loss.

Dow Drops Into Negative Territory - U.S. Commentary []
The markets are mixed on Tuesday, as technology stocks decline after Sun Microsystems (JAVA) released disappointing results and financials turned to the downside after seeing strength in early trading.

Swiss Franc Slides Against Majors []
The Swiss currency lost ground against its major European counterparts during early deals on Monday. By about 3:15 am ET, the franc reached 2.3462 against the sterling, 1.6480 against the euro and 1.1261 versus the US dollar.

Stocks On Pause Monday Morning Ahead Of This Week's Key Economic Reports []
US stocks were on pause Monday morning ahead of the opening bell as traders braced for a deluge of economic reports beginning on Tuesday. Stocks took a beating last week amid a revival of fears about the impact of problems in the lending markets on the broader economy.

Stocks Fall On Bernanke Comments And Technology Weakness - U.S. Commentary []
Stocks continue to move lower on Thursday following a disappointing sales forecast from Cisco (CSCO) and comments from Federal Reserve Chairman Ben Bernanke.

Stocks Likely To Come Under More Pressure At The Open Thursday As Cisco Disappoints []
US stocks were poised to add to losses from the previous session Thursday after networking giant Cisco (CSCO) forecast revenues below analysts' estimates for the current quarter. Traders were looking ahead to testimony before Congress from Fed Chair Ben Bernanke, hoping for clues on the state of the US economy.

Wall Street Headed For Modest Gains - U.S. Commentary []

Wall Street Headed For Modest Gains - U.S. Commentary []
Stocks are headed for a modestly higher opening on Thursday a day after the markets plunged on renewed credit fears and a record quarterly loss from General Motors (GM).

Financials Pull Markets Lower - U.S. Commentary []
Credit concerns continue to plague the markets on Friday after one of the nation's biggest banks announced further write-downs due to the housing market meltdown.

General Motors And Oil Push Markets Sharply Lower - U.S. Commentary []
With oil spiking to a new record high and General Motors (GM) reporting a sharp third-quarter loss, the U.S. stock markets are declining significantly on Wednesday, reversing strong gains seen in the previous session.

Tech Continues To Lead Stocks Lower - U.S. Commentary []
Wall Street continues to see notable weakness on Friday, with technology stocks leading the downward trend.

US Dollar Extends Gains Against Euro And Pound []
During the early Asian deals on Monday, the US dollar strengthened against its major European counterparts. The US currency is trading near a 5- day high against the pound, and a 3-day high against the euro, as of now.

Yen Rises to 1 1/2-Year High Against Dollar on Risk Reduction

By Stanley White and David McIntyre

Bloomberg

The yen rose to a 1 1/2-year high against the dollar as a slump in Asian stocks prompted investors to cut holdings of higher-yielding assets bought with money borrowed in Japan.

Japan's currency climbed to the highest in almost two months against New Zealand's dollar, a favorite target of the so-called carry trade, on speculation HSBC Holdings Plc will this week announce losses stemming from bad U.S. home loans. The yen gained to a more than two week-high versus the euro as Asian stocks fell for a third day.

``The big beneficiary at the moment is the yen,'' said Sue Trinh, a senior currency strategist in Sydney at RBC Capital Markets, the second-most accurate forecaster of exchange rates in the second quarter in Bloomberg surveys. ``Risk aversion has dominated and we've seen the carry trade unwind on credit-market concerns.''

The yen traded at 110.51 per dollar at 9:55 a.m. in Tokyo and touched 110.22, the highest since May 2006, from 110.69 late in New York Nov. 9. It was at 162.32 per euro from 162.48 late last week. Trading volumes in Asia may be less than normal as today is a public holiday in the U.S.

Japan's currency advanced 0.9 percent to 99.99 per Australian dollar and reached 99.54, the strongest since Oct. 22. Against New Zealand's currency, the yen strengthened 0.7 percent to 83.97 and touched 83.38, the highest since Sept. 18.

Bad Debts

The yen gained against all of the 16 most-actively traded currencies after the Daily Telegraph reported HSBC, Europe's largest bank by market value, is set to announce $1 billion of bad debts stemming from its U.S. mortgage business this week. The U.K. newspaper didn't cite the source of its information in the Nov. 11 report on its Web site. Gareth Hewett, a Hong Kong- based HSBC spokesman, declined to comment.

The yen has risen 7.2 percent against the dollar this year and cut its losses versus the euro to 2.9 percent as concerns the housing slump in the U.S. is deepening prompts investors to repay loans in Japan. The world's biggest banks have written down at least $40 billion as prices of mortgage-related assets plummeted.

Credit-market turmoil prompted the Reserve Bank of Australia to buy the nation's currency in August for the first time since 2001 to help steady foreign exchange markets, the central bank said in its quarterly monetary statement today. The currency has also tended to move in line with equity markets, the Reserve Bank said.

Lower Stocks

The Morgan Stanley Asia-Pacific Index of regional shares fell 2 percent, the third day of losses, suggesting investors' confidence for carry trades may wane.

In carry trades, investors get loans in countries with lower benchmark borrowing costs, such as Japan's 0.5 percent, and buy assets in places with higher interest rates. New Zealand's rate is 8.25 percent, Australia's is 6.75 percent, Europe's is 4 percent and the U.S. cost of borrowing is 4.5 percent. The strategy is considered risky because currency fluctuations can erase the profit earned on the gap between the borrowing and lending rates.

Gains in the yen may be limited by speculation Japanese importers will take advantage of its gains by selling it for other currencies to settle their accounts.

``We haven't seen the yen this strong in a while, so Japanese importers may want to sell into this rally,'' said Masahiro Sato, joint general manager of the treasury division at Mizuho Trust & Banking Co. in Tokyo, a unit of Japan's second- largest publicly traded lender. ``There seems to be lots of buy orders for euro and other yen crosses.''

The yen may fall to 111 against the dollar and 162.50 per euro today, he said.

To contact the reporter on this story: Stanley White in Tokyo at swhite28@bloomberg.net ; David McIntyre in Sydney at dmcintyre2@bloomberg.net

Singapore Shares Trading In Negative Territory []

Singapore Shares Trading In Negative Territory []
Singapore's benchmark Strait Times index was down 81.26 points or 2.2% to 3593.89 on Friday from yesterday's closing of 3673.01.

New Zealand Market Closed In Red, Succumbing To Selling Pressure []

New Zealand Market Closed In Red, Succumbing To Selling Pressure []
The New Zealand share market slumped on selling pressure, dragging the benchmark NZSX-50 index down 50.65 points, or 1.2%, at 4134.77 at the close on Friday.

Nasdaq Falls Sharply On Tech's Weakness - U.S. Commentary []
Wall Street is seeing weakness for a second consecutive session on Thursday, largely on weakness within tech after Cisco (CSCO) released a disappointing sales forecast for the second quarter.

Technology Expected To Drive Markets On Tuesday - U.S. Commentary []
Wall Street is headed for a higher opening on Tuesday, as financials take a backseat to strength in the technology and material sectors.

Markets Likely To Open Higher On Positive Cues From Wall Street - European Commentary []
The major European index futures are pointing towards a higher opening for the markets on Thursday. Global cues are also strong, with the U.S. stocks rallying overnight after the Federal Reserve cut interest rates and the major markets across the Asia-Pacific region trading higher on Thursday.

Asian Browses Open Weak Tracing Wall Street Slum- Asian Commentary []


European Markets Fall On Credit Worries - European Commentary []
The European markets fell for the third day on Monday, as banking stocks slipped after a warning of more write-downs from Citigroup stirred concerns about widespread credit problems.

Hong Kong Share Market Gains On Property Stocks []
The Hong Kong share market opened slightly lower on Friday and soon found renewed buying interest pushing the stock indices in to positive territory. The real estate stock spurted on the news of a cut in interest rates.

Stocks Sharply Lower In Young Session - U.S. Commentary []

Stocks Sharply Lower In Young Session - U.S. Commentary []
Stocks have opened Friday's session with considerable losses after a major U.S. bank announced further write-downs this morning.

European Markets Fall On Credit Fears, Weak Techs - European Commentary []

European Markets Fall On Credit Fears, Weak Techs - European Commentary []
The European markets fell the most in two months on Friday, as banking stocks came under pressure after Wachovia Corp. of the U.S. warned of further loan losses and technology shares slipped on a poor earnings forecast from Qualcomm Inc.

Tech Leads Markets To Significant Declines - U.S. Commentary []
Friday was another rough trading day on Wall Street, as technology stocks continued to depress the markets following negative comments from Qualcomm (QCOMM).

Stocks Look To Bounce Back Tuesday Despite Revival Of Credit Market Fears - US Commentary []
US stocks were poised for a modest rebound Tuesday morning one after Citigroup (C) issued a bleak outlook, spooking investors and reviving concerns about lending markets.

Markets Tumbling, With The Nasdaq Falling More Than 3 Percent - U.S. Commentary []
The markets are seeing sharp loses for a second consecutive session on Thursday, as comments from Cisco (CSCO) have ignited fears over the health of the tech sector and comments by Federal Reserve Chairman Ben Bernanke indicated a possible slowdown in the economy.

Stocks Rise In Early Trading - U.S. Commentary []
Stocks have opened Tuesday's session with modest gains, as bargain hunting drives financials higher and strong quarterly results boost the technology sector.

Stocks Likely To Come Under More Pressure At The Open Thursday As Cisco Disappoints []
US stocks were poised to add to losses from the previous session Thursday after networking giant Cisco (CSCO) forecast revenues below analysts' estimates for the current quarter. Traders were looking ahead to testimony before Congress from Fed Chair Ben Bernanke, hoping for clues on the state of the US economy.

Stocks Poised For Early Losses - U.S. Commentary []
Stocks are headed for another rough session on Friday after the nation's fourth largest bank reported additional losses related to the housing and credit crisis.

Dollar Continues Slide Versus Swiss Franc [USD/CHF]

Dollar Continues Slide Versus Swiss Franc [USD/CHF]
The U.S. dollar continued to fall against the Swiss franc in mid-morning trading and has extended its long-term low. The greenback began to fall at around 9 a.m. ET and has dropped to 1.1207. On a long-term basis, the dollar has been falling for about a month against the franc.

Malaysian Stocks Seen To Decline []
The Malaysian stock market was one of the very few that didn't end lower on Thursday - and that's because it was closed for the Deepavali holiday.

Jakarta Shares Seen To Extend Decline []
The Indonesian stock market was down on Thursday, and analysts are calling for an encore performance when the market opens for business on Friday.

Swiss Franc Extends 12-year Peak Versus Dollar Before Levelling Off Friday Morning [USD/CHF]
The Swiss franc extended its 12-year peak against the dollar in early dealing Friday. The franc rose to 111.87 at around 6 am ET before levelling off through mid-morning action.