European Markets Fall, Led By Banks, Exporters - European Commentary []

European Markets Fall, Led By Banks, Exporters - European Commentary []
The European markets fell sharply on Wednesday, as banking stocks declined on persistent worries about the wilting credit markets while a record high euro hit the exporter stocks.

European Markets Fall, Led By Banks - European Commentary []
The European markets fell on Friday, as banking stocks declined on fears that the problems stemming from the U.S. subprime mortgage crisis would deepen further.

US Stocks Set To Bounce Back Tuesday, HP Results Could Revive Techs []
US stocks were poised for a comeback Tuesday morning in New York after global stocks snapped back overnight and traders looked ahead to the release of the minutes of the last Federal Reserve meeting.

Stocks Give Back Some Ground But See Continued Strength - U.S. Commentary []
After showing a strong upward move in morning trading on Tuesday, the U.S. stock markets have given back some ground in the late morning and early afternoon. The major averages have pulled back well off their highs, although they remain in positive territory.

Stocks Move Higher On Hewlett Packard Earnings - U.S. Commentary []
Stocks have opened in positive territory on Tuesday, as investors focus on positive earning results from Hewlett Packard (HPQ) and speculation that the Federal Reserve will cut interest rates in the near future.

Stocks Rise, With Dow Posting A Triple Digit Gain - U.S. Commentary []
Wall Street is posting notable gains on Tuesday, rebounding from losses in the previous sessions on renewed hope for an interest rate reduction and strong earning results from Hewlett Packard (HPQ).

Stocks Close Higher After A Choppy Trading Session - U.S. Commentary []
With some traders staying on the sidelines following recent volatility, the U.S. stock markets showed a lack of direction throughout the trading session on Friday. Stocks were unable to sustain any significant moves but eventually ended the session higher.

11/21/2007 4:19:22 PM Wall Street experienced another rough trading session on Wednesday, as fears that problems in the credit and housing markets will spread to other areas of the economy plagued investors. Financial stocks have been under selling pressure in the last several sessions, as mortgage defaults continue to rise. The losses were extended in today's session after Freddie Mac (FRE) said it might have to raise $6 billion to bolster its capital due to the slumping housing market. Energy stocks also led the markets lower today, as investors reacted to a sharp decline in the price of oil and fears that a slowdown in America's economy will cause energy demand to decline. The Dow saw yet another triple digit decline, falling 211.10 points, or 1.62 percent, to end the session at 12,799.04. The Nasdaq briefly reached positive territory in afternoon trading before tumbling lower to end at 2,562.15, a loss of 34.66 points, or 1.33 percent. The S&P 500 fell into negative territory for the year with a loss of 22.93 points, or 1.59 percent, to end the session at 1,416.77. Dow Components The Dow spent the entire session in negative territory on Wednesday, with only a few of its thirty components failing to post a sharp loss. American Insurance Group (AIG) turned in the worst performance within the Dow, declining for a sixth consecutive session with a 5.7 percent loss. Shares of the insurance company fell to their lowest level in six months on the loss. American Express (AXP) also posted a substantial loss after an analyst at Morgan Stanley downgraded the credit card company's stock to Underweight from Equal weight. The downgrade was due to the company's exposure to the consumer credit market. Intel (INTC) was another Dow component that declined sharply, with its shares falling 3.5 percent. The weakness came after a Robert Baird & Co. analyst began coverage of the company with a neutral rating and set a price target of $30. Additionally, Merck (MRK) experienced selling pressure after the company suspended mid-stage trails on one of its drugs pending a full analysis of all efficacy and safety data. Shares of the pharmaceutical giant fell 2.4 percent. Other Dow components that fell sharply on the day include Verizon (VZ), United Technologies (UTX), JP Morgan (JPM), General Electric (GE), and Citigroup (C). On the upside, General Motors (GM) was the only Dow component to finish with a gain, as its shares rose 0.4 percent. The auto-manufacturer saw strength after the Wall Street Journal reported that the company is exploring the sale of certain parts of its Residential Capital lending arm. Sector News The vast majority of sectors ended the day in negative territory, as investors worried that weakness in the housing and credit markets would spread to broader areas of the markets. Housing stocks turned in some of the weakest performances on the day, driving the Philadelphia Housing Sector Index to a sixth consecutive loss with a 3.6 percent decline. The continued weakness in the sector reflects the concerns about the outlook for the U.S. economy, with a report from the Mortgage Bankers Association showing a 3.6 percent drop in mortgage applications in the week ended November 16 also contributing to the weakness. The steel sector was also negatively impacted by worries about the strength of the economy, with the Amex Steel Index falling 2.8 percent. Investors are worried that a slowdown in the U.S. economy will depress demand for steel. Wireless stocks also experienced significant selling pressure, leading the Amex Wireless Index to a 2.9 percent decline. Among wireless stocks, Ericsson (ERIC) contributed the most to the weakness after the company warned that its fourth-quarter income will be at the low end of an already disappointing forecast. Oil related stocks were also on the decline, reacting to a sharp fall in the price of oil. Oil fell after a reported issued by the Energy Information Administration showed that stockpiles a key oil terminal in Cushing, Oklahoma were higher than expected. Other sectors that declined on the day include the chemical, brokerage, networking, telecommunication, and computer hardware sectors. On the other hand, the airline sector was the only major area of the market to finish in positive territory, with the Amex Airline Index closing up 0.8 percent. The sector benefited from the decline in oil prices. Other Markets In overseas trading, European shares were once again lower, with exporters seeing the greatest weakness due to a further decline in the dollar. The U.K.'s FTSE 100 fell 2.5 percent. Asian stocks also suffered broad weakness on fears that America's economy will experience a slowdown. Hong Kong's Hang Seng fell 4.1 percent. The bond market saw its fifth consecutive multi-year closing high Wednesday, its strongest close since June 2005. The market had an early close due to the Thanksgiving holiday. For Wednesday, the yield on the benchmark 10-year note closed down 3.0 basis points at 4.024 percent. Oil was down on Wednesday in a volatile trading session in U.S. trading. Light sweet crude for January finished at $97.29 a barrel, down 74 cents on the day. Gold moved higher for the second straight session on Wednesday. December gold closed the day at $798.60 an ounce, up $7.20 on the session. The precious metal climbed as high as $808.00, a six-day intraday high. Looking Ahead The markets will be closed on Thursday for the Thanksgiving Day holiday and will only be open for a half day on Friday. Investors will be focused on the amount of retail shopping done on black Friday, hoping to get a gauge on the strength of the upcoming holiday shopping season.
Stocks Fall, Sending The S&P Into Negative Territory For The Year - U.S. Commentary []

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 Move Higher On Hewlett Packard Earnings - U.S. Commentary []

Stocks Move Higher On Hewlett Packard Earnings - U.S. Commentary []
Stocks have opened in positive territory on Tuesday, as investors focus on positive earning results from Hewlett Packard (HPQ) and speculation that the Federal Reserve will cut interest rates in the near future.

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.

European Markets Set For Lower Open After Falls In US, Asian Markets - Euro Markets Preview []
Equity markets in Europe are expected to open lower Wednesday following sell offs in Asia and North America and rises in the commodity prices and yet another drop in the value of the dollar.

Stocks Down On Freddie Mac's Weakness - U.S. Commentary []

Stocks Down On Freddie Mac's Weakness - U.S. Commentary []
After opening Tuesday's session with notable gains, stocks have moved to the downside in afternoon trading, largely on poor quarterly results out of Freddie Mac (FRE).

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.

European Markets Rise, Led By Banks, Miners - European Commentary []
The European markets rose on Friday, as banking stocks gained on investor speculation that the recent sell-off in the sector may be overdone and mining stocks surged up on rising metal prices and hopes of further consolidation in the sector.

European Markets Fall, Led By Banks, Insurers And Exporters - European Commentary []

European Markets Fall, Led By Banks, Insurers And Exporters - European Commentary []
The European markets fell the most in three months on Monday, as banking, insurance and exporter stocks slipped on persistent worries over the health of the U.S. economy and its impact on exports.

European Markets Fall, Led By Banks, Exporters - European Commentary []
The European markets fell sharply on Wednesday, as banking stocks declined on persistent worries about the wilting credit markets while a record high euro hit the exporter stocks.

Stocks Seeing Significant Weakness In Late-Morning Trading - U.S. Commentary []
After moving sharply lower at the start of trading on Monday, stocks have continued to the downside throughout much of the morning. The major averages have all shown notable downward moves, moving firmly into negative territory.

BNP Paribas States BoE Could Cut Rates At December Meeting []

BNP Paribas States BoE Could Cut Rates At December Meeting []
Raymond Van der Putten remarked on Friday that as expected, National Statistics has revised slightly downwards Q3 GDP growth to 0.7%. Services were again the fastest growing sector, he remarked. On the expenditure side, Van der Putten noted that investment rebounded by 1.6% in Q3, after a -0.9 decline in the previous quarter.

Stocks Finish Higher, With The Dow Closing Above The 13,000 Mark - U.S. Commentary []
The Dow moved back above the 13,000 mark on Tuesday, as Wall Street experienced a volatile trading session, eventually ending in positive territory.

Stocks Seeing Significant Weakness In Late-Morning Trading - U.S. Commentary []
After moving sharply lower at the start of trading on Monday, stocks have continued to the downside throughout much of the morning. The major averages have all shown notable downward moves, moving firmly into negative territory.

TSX Reflects Modest Strength On Bay Street As Traders Hunt For Bargains - Canadian Commentary []
Bay Street stocks are seeing modest strength in early dealing Friday, one day after jumping 100 points to pare a fraction of this week's substantial losses. In a reversal of Thursday's situation, gains among metals stocks have helped to offset some weakness in the tech sector.

Peso In 2-month Low Versus US Dollar After Rate Hike In Columbia [USD/COP]
The Columbian peso fell to a new multi-week low of 2090.50 against the US currency on Friday. The dollar-peso pair has been strengthening since early this month, and by now, the dollar has gained over 5.6%. Columbia's central bank raised its overnight lending rate unexpectedly to 9.5%, a Bloomberg report said Friday.

Euro Plunges Versus Dollar After Challenging $1.50, Hits 2-week Low Versus Yen [EUR/USD]
The euro fell sharply from its record high near the 1.50 mark versus the dollar Friday morning in New York. Trading took place amid the release of data showing that French consumer spending declined more than expected from the prior month in October.

Stocks Continue To See Significant Weakness In The Mid-Afternoon - U.S. Commentary []
After seeing significant early weakness, the U.S. stock markets have continued lower throughout much of the trading session on Monday. Most stocks have moved firmly into negative territory after showing a lack of direction last week.

Pound Rebounds Away From Long-Term Low Versus Yen [GBP/JPY]

Pound Rebounds Away From Long-Term Low Versus Yen [GBP/JPY]
The British pound rebounded against the yen in mid-day trading on Friday in New York, moving away from a three-month high. The sterling reached as low as 221.31 at 10 a.m. ET but climbed from there. The pair moved at 222.91 at 12:40 p.m. ET.

British Pound Mixed Against Majors [GBP]
Friday morning, the British pound showed a mixed performance against its major counterparts. While the pound dropped against the dollar and the yen, it gained versus the euro and the franc.

Quiet Day For China Shares []
Not much action is expected on the Chinese stock market when the Shanghai Composite Index kicks off trade on Thursday as much of the market's liquidity is locked up in pending initial public offerings.

Brazil's Real Falls To 1-month Low Versus US Currency [USD/BRL]
The Brazilian real fell to 1.8085 against the US currency before closing the week's deals at a 1-month low of 1.8035. The real weakened on speculation a slowdown in the US economy would hurt the country's exports, which in turn will reduce the demand for the local currency.

Downward Pressure For Singapore Shares []
The Singapore stock market is searching for consistency ahead of Thursday's market open, mired in a streak that has seen the Straits Times Index finish lower in four of the last five sessions.

South Korean Stocks Lose Ground After Opening On Strong Note []
Friday, Seoul stocks were losing ground, after opening on a strong note. The key KOSPI index has fallen for the past six straight sessions. At 10:36 local time, the benchmark index was down 10.85 points or 0.60% at 1,788.17.

Market Opens Sharply Higher; Power, Capital Goods Stocks Surge - Indian Commentary []
Friday, Indian shares opened sharply higher despite mixed cues from Asian peers. At 10:03 a.m. IST, the Sensex was up 297 points at 18,824 and the broader Nifty was up 90 points at 5,610.

BNP Paribas Expects Further Weakness In 2008 For France []
Mathieu Kaiser from BNP Paribas remarked on Friday that in October, sales of manufactured goods declined by 1.1% m/m, the largest fall since September 2006. This was the second consecutive monthly decline, he noted, as purchases had already dropped in September (-0.3% versus +0.1% m/m initially released).

South Korean Shares Close Off Lows On Late Buying In Chipmakers, Telecoms []
Thursday, Seoul shares closed lower for a sixth day, but well off their lows for the session on late buying in chipmakers and telecom stocks. The KOSPI index closed down 7.97 points or 0.4% at 1,799.02.

South Korean Shares Close Off Lows On Late Buying In Chipmakers, Telecoms []

South Korean Shares Close Off Lows On Late Buying In Chipmakers, Telecoms []
Thursday, Seoul shares closed lower for a sixth day, but well off their lows for the session on late buying in chipmakers and telecom stocks. The KOSPI index closed down 7.97 points or 0.4% at 1,799.02.

Yen Steady Versus Dollar, Gains On Other Majors Friday Morning [USD/JPY]

Yen Steady Versus Dollar, Gains On Other Majors Friday Morning [USD/JPY]
The yen paused against the dollar but continued to trend higher versus the euro and sterling Friday morning in New York. The yen advanced this week against all of the world's 16 most-actively traded currencies.

Quiet Day For China Shares []
Not much action is expected on the Chinese stock market when the Shanghai Composite Index kicks off trade on Thursday as much of the market's liquidity is locked up in pending initial public offerings.

Dollar Snaps Back After Falling To New Lows Versus Euro, Yen Overnight [EUR/USD]
The dollar snapped back from overnight losses versus other majors Friday morning in New York. The greenback hit a fresh record low versus the euro and a multi-year trough against the yen before fighting back ahead of an abbreviated session on Wall Street.

Swiss Currency Choppy In Trading Versus Euro [EUR/CHF]
The Swiss currency moved little against its European counterpart in trading on Friday morning. The franc moved between a high of 1.6310 and a low of 1.6338 as action progressed. The pair moved as French consumer spending declined more than expected from the prior month in October.

Swiss Currency Moves Little Against Pound [GBP/CHF]
The Swiss currency saw little movement in trading against its British counterpart on Friday. By the mid morning, the franc had moved between a higho f 2.2620 and a low of 2.2740. The pair moved as the number of mortgage approved in the U.K. for house purchases declined to 44,105 in October from 53,997 in the previous month.

KOSPI Skid May Hit Six Days []
The losing streak has already been extended to five days for the South Korean stock market, and investors are not optimistic that it will come to an end when the KOSPI kicks off trade on Thursday.

Swiss Currency Slips Slightly Versus Greenback [USD/CHF]
The Swiss currency fell slightly against its American counterpart in trading on Friday. The decline brought the franc to a mark of 1.1025 versus the buck as trading progressed in the early hours, and held near that mark into the mid morning. On the whole, the franc is at a multi-year high against its American counterpart.

Markets Likely To Edge Higher - European Commentary []
The major European index futures are pointing towards a higher opening for the markets on Friday. There is no lead from Wall Street as it was closed on account of Thanksgiving holiday on Thursday. The major markets across the Asia-Pacific region are a mixed pack on Friday.

Swiss Currency Varied On Friday []
The Swiss currency was mixed against its counterparts in action on Friday morning in New York. The currency moved with little economic news from the area.

Amended: Australian Market Falls On Wall Street Losses, Lower Metal Prices []

Amended: Australian Market Falls On Wall Street Losses, Lower Metal Prices []
Amended: In the first para "Topix index of all First Section issues" corrected as "All Ordinaires index". Corrected version follows.

KOSPI Skid May Hit Six Days []
The losing streak has already been extended to five days for the South Korean stock market, and investors are not optimistic that it will come to an end when the KOSPI kicks off trade on Thursday.

11/21/2007 6:37:14 AM US stocks were back on the defensive Wednesday morning in New York as traders braced for another batch of economic data one day after the Federal Reserve projected slower than expected growth next year. As of 6:30 am ET, stock futures were pointing to significant weakness at the opening bell. The S&P Futures were down 17 points, the Nasdaq Futures were down 20 points, and the Dow Futures were down 115 points. Oil prices continued their charge toward the psychologically important $100 a barrel mark overnight, touching above $99 in Asian dealing before easing back to $97.99. Traders await the 10:30 am ET release of the Department of Energy's weekly inventory report. Initial jobless claims will be released prior to the opening bell, with many investors expecting a modest increase. Later in the session, reports on leading indicators, and consumer sentiment will be released. On the earnings front, several notable companies are set to release their quarterly results including Mesa Air (MESA), and retailers such as Abercrombie & Fitch (ANF), Gap (GPS), and J. Crew (JCG). Markets in the US will be closed on Thursday for the Thanksgiving holiday. Asian stocks tumbled on Wednesday, with the Hang Seng of Hong Kong plunging 1,153.02 points and Tokyo's Nikkei dropping 373.86 points. In European intraday dealing, the FTSE of the UK was down 100 points, the CAC of France was down 102 points and the DAX of Germany was down 130 points.
Stocks Likely To Move Sharply Lower In Early Trading - U.S. Commentary []

Stocks Seeing Continued Weakness In Early Afternoon Trading - U.S. Commentary []
While selling pressure has waned from earlier in the session, the U.S. stock markets continue to see significant weakness in early afternoon trading on Monday. Most stocks remain firmly in negative territory.

Stocks Seeing Significant Weakness In Late-Morning Trading - U.S. Commentary []
After moving sharply lower at the start of trading on Monday, stocks have continued to the downside throughout much of the morning. The major averages have all shown notable downward moves, moving firmly into negative territory.

BNP Paribas Expects ECB To Maintain Rates Unchanged []
Clemente De Lucia from BNP Paribas said on Friday that sentiment in the Eurozone continues to deteriorate in November. The composite index for activity, which combines the services business index and the manufacturing output index, fell by almost one point in November.

11/21/2007 9:37:00 AM Stocks moved sharply lower at the start of trading on Wednesday, with the major averages moving firmly into negative territory after ending the previous session modestly higher. The initial weakness is partly due to concerns about the outlook for economic growth. In the first few minutes of trading, significant weakness has emerged among airline stocks, which have come under pressure as the price of oil climbs back near the $100 a barrel level. Wireless, financial, and retail stocks are also seeing considerable weakness. In the past few minutes, the major averages have edged up off their lows for the young session, but they continue to post steep losses. The Dow is currently down 102.91 at 12,907.23, the Nasdaq is down 28.24 at 2,568.57 and the S&P 500 is down 12.57 at 1,427.13.
Stocks Seeing Significant Weakness Amid Concerns About Growth - U.S. Commentary []

BNP Paribas Expects Further Weakness In 2008 For France []
Mathieu Kaiser from BNP Paribas remarked on Friday that in October, sales of manufactured goods declined by 1.1% m/m, the largest fall since September 2006. This was the second consecutive monthly decline, he noted, as purchases had already dropped in September (-0.3% versus +0.1% m/m initially released).

Stocks Move Lower At The Start Of Trading - U.S. Commentary []
Stocks moved lower at the start of trading on Monday, with the major averages all falling in negative territory after ending last week's trading in positive territory. The initial weakness was partly due to news of a downgrade of Citigroup (C).

Stocks Seeing Significant Strength In Late-Morning Trading - U.S. Commentary []
Stocks continue to see significant strength in late-morning trading on Tuesday, with the major averages all firmly in positive territory after posting steep losses in the previous session. Resource stocks continue to turn in some of the best performances.

Pound Down Against US Dollar, Higher Versus Rest Of Majors Ahead Of British Third Quarter GDP Data [GBP]

Pound Down Against US Dollar, Higher Versus Rest Of Majors Ahead Of British Third Quarter GDP Data [GBP]
Ahead of the release of British third quarter GDP data, the pound showed mixed trading. The pound was down against the greenback but gained versus its rest of the major counterparts. As of 4:25 am Eastern Time, the sterling was worth 2.0632 versus the US dollar, 2.2743 against the franc, 223.84 versus the yen and 0.7186 against the euro.

Stocks End Mixed Amid Volatiliy; Shanghai Plunges 4.4% - Asian Commentary []
Thursday, stock markets across the Asia-Pacific region closed a volatile trading session mixed after the U.S. markets witnessed a sell-off on concerns that the widening credit-market losses would slow down economic growth. Shanghai shares plunged 4.4% and Hong Kong stocks fell 2.3%, while Japan's Nikkei index closed slightly higher after seeing substantial weakness in early trade.

US Dollar Hits 3-day Low Against Malaysian Ringgit [USD/MYR]
The US dollar weakened against the Malaysian ringgit during early trading on Friday. The US currency hit a 3-day low of 3.3610 at about 3:45 am ET compared to yesterday's close of 3.3850. As of now, the pair is worth 3.3660.

China Shares Close Higher On Technical Rebound []
Shanghai shares closed higher Friday following a late rebound in banking and airlines sectors although the turnover was at its lowest level since the end of 2006. The benchmark Shanghai Composite Index closed up 47.97 points or 0.96% at 5,032.13.

South Korean Shares Close Off Lows On Late Buying In Chipmakers, Telecoms []
Thursday, Seoul shares closed lower for a sixth day, but well off their lows for the session on late buying in chipmakers and telecom stocks. The KOSPI index closed down 7.97 points or 0.4% at 1,799.02.

Dollar In Multi-day High Against Slovakian Koruna [USD/SKK]
During the early European deals on Friday, the US dollar trended higher against the Slovakian Koruna. The pair fetched a multi-day high of 22.7370 at 4:10 am ET, compared to 22.6190 late Thursday in New York. However, in the Asian session, the dollar-koruna pair declined to 22.4630 by about 10:00 pm ET.

Dollar Ticks Up Against Swedish Krona [USD/SEK]
The US dollar moved up against the Swedish krona during early European trading on Friday. The pair hit a high of 6.2927 at about 4:25 am ET. However, during the early Asian session, the dollar-krona pair fell heavily and touched a new multi-year low of 6.2300 by about 9:35 pm ET, before it reversed the direction.

Yen Higher Against Majors [JPY]

Yen Higher Against Majors [JPY]
The Japanese yen showed strength against its major counterparts in the early Asian deals on Friday. The yen hit a high of 223.16 against the pound at about 11:15 pm ET, up from yesterday's close of 223.61. Against he US dollar, the yen fetched to a 2 � year high of 107.62 at about 11:15 pm ET, compared to Thursday's close of 108.46.

Euro Mixed Against Majors Amid German Data [EUR]
Amid the release of the German import price index data for the month of October, the euro showed a mixed trading. While the euro moved up versus the dollar and the pound, it weakened against the rest of majors. As of 2:06 am ET, the euro fetched 1.4913 against the dollar, 0.7205 against the pound, 160.76 against the yen and 1.6318 against the franc.

US Dollar Sets New Multi-year Low Versus Swedish Krona [USD/SEK]
The US dollar edged down against the Swedish krona in the early Asian deals on Friday. The pair hit a low of 6.2300 at about 9:35 pm Eastern Time, down from yesterday's close of 6.2743. This set a new multi-year low for the greenback. Thereafter, the pair gained slightly and was worth 6.2488 as of now.

Dollar Surges Against European Majors [USD]
The US dollar staged a sharp surge against its major European counterparts at about 3:10 am Eastern Time. As of now, the greenback was worth 1.4876 versus euro, 1.0970 against the franc and 2.0683 versus the pound.

Dollar Weakens Against Malaysian Ringgit [USD/MYR]
Against the Malaysian Ringgit, the US dollar weakened in the early Asian deals on Friday. Down from yesterday's close of 3.3850, the pair touched a low of 3.3695 by about 10:05 pm ET. As of now, the dollar-ringgit pair is worth 3.3720.

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.

South Korean Stocks Lose Ground After Opening On Strong Note []

South Korean Stocks Lose Ground After Opening On Strong Note []
Friday, Seoul stocks were losing ground, after opening on a strong note. The key KOSPI index has fallen for the past six straight sessions. At 10:36 local time, the benchmark index was down 10.85 points or 0.60% at 1,788.17.

Struggling Dollar Takes A Breather On Thanksgiving Thursday []
The dollar was virtually unchanged in very quiet dealing versus its major counterparts on Thursday, with most American traders away from their desks to celebrate the US Thanksgiving holiday.

Japanese Shares Close Higher On Bargain Hunting []
Thursday, Tokyo shares closed higher on bargain hunting. The stocks recovered from early losses after the yen briefly traded above the 109-yen level against the dollar. The benchmark Nikkei 225 index closed at 14,888.77, up 51.11 points or 0.34%. The broader TOPIX index of all First Section issues on the Tokyo Stock Exchange slipped 1.34 points and ended at 1,437.38.

Yen Higher Against Majors [JPY]
The Japanese yen showed strength against its major counterparts in the early Asian deals on Friday. The yen hit a high of 223.16 against the pound at about 11:15 pm ET, up from yesterday's close of 223.61. Against he US dollar, the yen fetched to a 2 � year high of 107.62 at about 11:15 pm ET, compared to Thursday's close of 108.46.

China Shares Tumble On Global Economic Growth Concerns, Liquidity Pressure []
Shanghai stocks plunged Thursday on worries about the global economy and tight liquidity due to China Railway Group's large initial public offering. Central bank governor Zhou Xiaochuan said that China's exports to the U.S. will probably fall and global economic growth is likely to ease next year due to the U.S. subprime mortgage crisis.

South Korean Shares Plunge To Three-month Low; KOSPI Sheds 3.5% []
Wednesday, Seoul shares tumbled for the fifth straight session, with the benchmark KOSPI Stock Average plunging 3.5% to a three-month low on heavy selling in the banking sector. A steep rise in crude price and news that the Federal Reserve is anticipating a slower economic growth for the U.S. in 2008 impacted market sentiment.

Swiss Franc Slides Against Majors Amid Swiss Economic Data [CHF]

Swiss Franc Slides Against Majors Amid Swiss Economic Data [CHF]
Following the release of Swiss third quarter employment data, the franc declined against its major counterparts. As of 3:20 am ET, the franc was worth 1.1032 against the dollar, 1.6355 versus the euro, 2.2777 against the pound and 98.73 versus the yen.

Euro Falls Against Majors [EUR]
The European currency slipped against its major counterparts in early deals on Thursday. At about 3.05am Eastern Time, the euro hit a low of 1.4826 against the dollar, 1.6341 versus the franc, 0.7178 against the sterling and 161.45 against the yen.

Blue Chip Stocks Drag Shanghai Index Down []
Wednesday, Shanghai shares closed lower as China Railway Group's initial public offering of 2.34 billion A-shares put pressure on liquidity. ICBC and other large caps, particularly dual-listed companies, also extended losses in late trade.

Canadian Stocks Look To Tread Water Thursday As Wall Street Closes For Thanksgiving - Canadian Commentary []
Early indication are mixed for Canadian stocks Thursday morning before what promises to be a relatively quiet session with US traders away for their desks in observance of the Thanksgiving holiday.

Japanese Shares Close Higher On Bargain Hunting []
Thursday, Tokyo shares closed higher on bargain hunting. The stocks recovered from early losses after the yen briefly traded above the 109-yen level against the dollar. The benchmark Nikkei 225 index closed at 14,888.77, up 51.11 points or 0.34%. The broader TOPIX index of all First Section issues on the Tokyo Stock Exchange slipped 1.34 points and ended at 1,437.38.

BNP Paribas Comments On Strong German Q3 GDP Figures, Forecasts Slowdown Next Year []
BNP Paribas noted Thursday morning that the German economy grew 0.7% in the third quarter, bettering the 0.3% expansion logged in the second quarter.

Dollar Advances Against Czech Koruna [USD/CZK]
The US dollar showed weakness in early Asian deals against the Czech currency, but it strengthened towards the end of the session. Moving up from a session's low of 18.01, the dollar-koruna pair reached as high as 18.054 by about 2:00 am, and this may be compared to yesterday's close of 18.037.

New Zealand Shares In Uneasy Thursday Open Off Negative Wall Street Lead []
New Zealand shares open in uneasy territory on Thursday, after finishing with a small wednesday gain amid falling markets around the rest of the world.

Polish Zloty Reverses Recent Losses Versus Greenback [USD/PLN]
The US currency spiked up against the Polish zloty before the pair gave back the gains in early European trading. The zloty was, however, slightly higher before it slid to an Asian session low of 2.4905 by about 1:55 am ET. The dollar then lost the momentum, and it fell to 2.4788, compared to yesterday's New York session close of 2.4829.

Euro Falls Against Majors Amid Euro-Zone Industrial Orders Data []

Euro Falls Against Majors Amid Euro-Zone Industrial Orders Data []
Amid the release of the Euro-Zone Industrial Orders data for the month of September, the euro slipped against its major counterparts. As of 5.03am ET, the euro was worth 1.4828 against the dollar, 1.6345 against the franc, 0.7187 versus the sterling and 161.15 versus the yen.

Euro Down Against Majors Ahead Of Euro-Zone Industrial Orders Data []
The Euro-Zone Industrial Orders data for the month of September is expected at 5.00am ET. Ahead of the release, the euro was down against its major counterparts. As of 4:55 am ET, the euro was quoted at 1.4832 against the dollar, 1.6344 against the franc, 0.7187 versus the sterling and 161.21 versus the yen.

Market Opens Lower Tracking Weakness In Asian Peers - Indian Commentary []
Wednesday, Indian shares opened lower on the back of weak cues from Asian markets. At 10:06 a.m. IST, the Sensex was down 200 points at 19,082 and the broader Nifty was down 61 points at 5,719.

South Korean Shares Close Off Lows On Late Buying In Chipmakers, Telecoms []

South Korean Shares Close Off Lows On Late Buying In Chipmakers, Telecoms []
Thursday, Seoul shares closed lower for a sixth day, but well off their lows for the session on late buying in chipmakers and telecom stocks. The KOSPI index closed down 7.97 points or 0.4% at 1,799.02.

Japan Shares Look To Break Losing Streak []
Tokyo stocks get another negative lead from Wall Street as traders try again to break their losing streak.

Stocks Tumble After Oil Surges To Record, Fed Cuts Growth Forecast - Asian Commentary []
Wednesday, stock markets across the Asia-Pacific region tumbled after the crude prices surged due to weakness in dollar and the Federal Reserve cut its forecast for U.S. economic growth in 2008. Hong Kong's Hang Seng Index, which pulled back 4.2%, led the Asian fall.

New Zealand Shares Close Off Day's Lows []
Thursday, Wellington shares closed lower, recovering from early weakness, after the U.S. market plunged overnight on credit concerns. The benchmark NZX 50 index closed down 16.79 points or 0.41% at 4,054.22, off a low of 4,036.66, and the broader NZX All Capital index shed 3.39 points or 0.31% to end at 1,103.75.

Quiet Day For China Shares []
Not much action is expected on the Chinese stock market when the Shanghai Composite Index kicks off trade on Thursday as much of the market's liquidity is locked up in pending initial public offerings.

Blue Chip Stocks Drag Shanghai Index Down []
Wednesday, Shanghai shares closed lower as China Railway Group's initial public offering of 2.34 billion A-shares put pressure on liquidity. ICBC and other large caps, particularly dual-listed companies, also extended losses in late trade.

Amended: Australian Market Falls On Wall Street Losses, Lower Metal Prices []
Amended: In the first para "Topix index of all First Section issues" corrected as "All Ordinaires index". Corrected version follows.

Japanese Market Tumbles To Sixteen-month Low On Stronger Yen []
Wednesday, Tokyo shares plunged, with the benchmark Nikkei 225 index closing at its lowest in sixteen months, as a stronger yen hurt investor sentiment and sparked selling across the board.

Downward Pressure For Thai Shares []
The Thai stock market is searching for consistency ahead of Thursday's market open, mired in a streak that has seen the Stock Exchange of Thailand finish lower now in four straight sessions.

New Zealand Market Closes Flat []
Wednesday, Wellington shares closed flat, giving off the mid-session gains. The market had opened on a positive note on the back of overnight gains on Wall Street. The benchmark NZX 50 Index closed up 3.71 points or 0.09% at 4,071.01. The broader NZX All Capital Index added 1.56 points or 0.14% to end at 1,107.14.

Euro Down Against Majors Ahead Of Euro-Zone Industrial Orders Data []

Euro Down Against Majors Ahead Of Euro-Zone Industrial Orders Data []
The Euro-Zone Industrial Orders data for the month of September is expected at 5.00am ET. Ahead of the release, the euro was down against its major counterparts. As of 4:55 am ET, the euro was quoted at 1.4832 against the dollar, 1.6344 against the franc, 0.7187 versus the sterling and 161.21 versus the yen.

South Korean Shares Close Off Lows On Late Buying In Chipmakers, Telecoms []
Thursday, Seoul shares closed lower for a sixth day, but well off their lows for the session on late buying in chipmakers and telecom stocks. The KOSPI index closed down 7.97 points or 0.4% at 1,799.02.

Markets Likely To See Further Downside On Weak Global Cues - Indian Commentary []
Global cues are pointing towards a lower opening for the Indian market on Thursday. The U.S. stocks plunged overnight amid economic jitters and the major stock markets across the Asia-Pacific region are trading mixed on Thursday. Some degree of support to the Indian market may come in from bargain hunting following the sharp fall on Wednesday.

US Dollar Falls To New Multi-year Low Versus Danish Krone [USD/DKK]
After moving sideways against the Danish krone in the early Asian trading, the US dollar fell to a fresh multi-year low of 5.0121 at about 10:45 pm Eastern Time. The dollar- krone pair that closed its yesterday's deals at 5.0173 is now worth 5.0175.

Jakarta Shares Likely To Extend Losses []
The Indonesian stock market will be looking to snap a losing streak that has now stretched to four sessions when the Jakarta Composite Index opens for business on Thursday.

Downward Pressure For Thai Shares []
The Thai stock market is searching for consistency ahead of Thursday's market open, mired in a streak that has seen the Stock Exchange of Thailand finish lower now in four straight sessions.

Markets Likely To Open Lower On Weak Global Cues - Indian Commentary []
Global cues are pointing towards a weak opening for the Indian market on Wednesday. The U.S. stocks closed higher overnight amid volatility, but the major stock markets across the Asia-Pacific region are trading sharply lower on Wednesday, led by banking stocks, on U.S. economic growth concerns.

Amended: Australian Market Falls On Wall Street Losses, Lower Metal Prices []

Amended: Australian Market Falls On Wall Street Losses, Lower Metal Prices []
Amended: In the first para "Topix index of all First Section issues" corrected as "All Ordinaires index". Corrected version follows.

China Shares Tumble On Global Economic Growth Concerns, Liquidity Pressure []
Shanghai stocks plunged Thursday on worries about the global economy and tight liquidity due to China Railway Group's large initial public offering. Central bank governor Zhou Xiaochuan said that China's exports to the U.S. will probably fall and global economic growth is likely to ease next year due to the U.S. subprime mortgage crisis.

New Zealand Shares In Uneasy Thursday Open Off Negative Wall Street Lead []
New Zealand shares open in uneasy territory on Thursday, after finishing with a small wednesday gain amid falling markets around the rest of the world.

Stocks Fall Led By Banks As Subprime Worries Continue - Asian Commentary []
Thursday, stock markets across the Asia-Pacific region fell after the U.S. stocks plunged overnight following bad news from the Conference Board that an economic slowdown could accelerate in the coming months amid rising costs and further weakness in the housing market.

Markets Likely To See Further Downside On Weak Global Cues - Indian Commentary []
Global cues are pointing towards a lower opening for the Indian market on Thursday. The U.S. stocks plunged overnight amid economic jitters and the major stock markets across the Asia-Pacific region are trading mixed on Thursday. Some degree of support to the Indian market may come in from bargain hunting following the sharp fall on Wednesday.

Japanese Market Tumbles To Sixteen-month Low On Stronger Yen []
Wednesday, Tokyo shares plunged, with the benchmark Nikkei 225 index closing at its lowest in sixteen months, as a stronger yen hurt investor sentiment and sparked selling across the board.

Market Opens Up, But Sees Volatility In Early Trade - Indian Commentary []
Thursday, Indian shares opened higher, but were seeing volatility in early trade. At 10:02 a.m. IST, the Sensex was up 31 points at 18,633 and the broader Nifty was up 6 points at 5,567.

Mixed Message For Jakarta Stocks []
The Indonesian stock market has no clear lead when trading opens Wednesday as the Jakarta Composite Index tries to stop the bleeding on a losing streak that has reached three sessions.

Canadian Dollar Spikes Higher Against Majors [CAD]

Canadian Dollar Spikes Higher Against Majors [CAD]
In the early Asian deals on Thursday, the Canadian dollar gained against its major counterparts. Around 9:25 pm ET, the loonie made a sharp spike higher and it is currently trading at 110.94 versus the yen, 1.4571 against the euro and 0.9797 against the greenback.

South Korean Market Extends Losses For Fifth Straight Session []
Wednesday, Seoul shares opened lower, extending losses for a fifth straight session, as the Federal Reserve's move to lower the U.S. economic growth forecast for 2008 dampened market sentiment. At 10:40 a.m. local time, the benchmark Korea Composite Stock Price Index or KOSPI was down 15.21 points or 0.81% at 1,856.72.

Thai Stocks Have No Clear Lead []
The Thai stock market draws mixed messages ahead of trading Wednesday as the Stock Exchange of Thailand tries to halt a losing streak that has reached three sessions.

Dollar Slumps To New Record Low Against Euro And Franc [USD]
During the early Asian deals on Thursday, the US dollar weakened against its European and Swiss counterparts. At about 9:20 pm ET, the dollar touched a new record low of 1.4872 against the euro and 1.1006 against the franc, compared to yesterday's close of 1.4859 and 1.1019 respectively.

Japanese Market Tumbles To Sixteen-month Low On Stronger Yen []
Wednesday, Tokyo shares plunged, with the benchmark Nikkei 225 index closing at its lowest in sixteen months, as a stronger yen hurt investor sentiment and sparked selling across the board.

Markets Likely To Open Lower On Weak Global Cues - Indian Commentary []
Global cues are pointing towards a weak opening for the Indian market on Wednesday. The U.S. stocks closed higher overnight amid volatility, but the major stock markets across the Asia-Pacific region are trading sharply lower on Wednesday, led by banking stocks, on U.S. economic growth concerns.

New Zealand Shares In Uneasy Thursday Open Off Negative Wall Street Lead []
New Zealand shares open in uneasy territory on Thursday, after finishing with a small wednesday gain amid falling markets around the rest of the world.

Blue Chip Stocks Drag Shanghai Index Down []
Wednesday, Shanghai shares closed lower as China Railway Group's initial public offering of 2.34 billion A-shares put pressure on liquidity. ICBC and other large caps, particularly dual-listed companies, also extended losses in late trade.

Downward Pressure For Singapore Shares []
The Singapore stock market is searching for consistency ahead of Thursday's market open, mired in a streak that has seen the Straits Times Index finish lower in four of the last five sessions.

Market Opens Lower Tracking Weakness In Asian Peers - Indian Commentary []
Wednesday, Indian shares opened lower on the back of weak cues from Asian markets. At 10:06 a.m. IST, the Sensex was down 200 points at 19,082 and the broader Nifty was down 61 points at 5,719.

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.

Chinese Market Rebounds Led By Steel Makers []
Tuesday, Shanghai shares rebounded in afternoon trade to settle higher, led by steelmakers, after Baosteel announced plans to raise prices in the first quarter of 2008. The benchmark Shanghai Composite Index closed up 23.89 points or 0.45% at 5,293.70, off a low of 5,158.54.

New Zealand Market Closes Flat []
Wednesday, Wellington shares closed flat, giving off the mid-session gains. The market had opened on a positive note on the back of overnight gains on Wall Street. The benchmark NZX 50 Index closed up 3.71 points or 0.09% at 4,071.01. The broader NZX All Capital Index added 1.56 points or 0.14% to end at 1,107.14.

Blue Chip Stocks Drag Shanghai Index Down []
Wednesday, Shanghai shares closed lower as China Railway Group's initial public offering of 2.34 billion A-shares put pressure on liquidity. ICBC and other large caps, particularly dual-listed companies, also extended losses in late trade.

Malaysian Shares Likely To Extend Losses []
The Malaysian stock market will be looking to snap a losing streak that has now stretched to four sessions when the Kuala Lumpur Composite Index opens for business on Thursday.

Mixed Message For Jakarta Stocks []
The Indonesian stock market has no clear lead when trading opens Wednesday as the Jakarta Composite Index tries to stop the bleeding on a losing streak that has reached three sessions.

Australian Stocks End In Negative Territory Led By Banks []
Wednesday, Sydney shares closed lower, amid volatiliy, after credit worries, forecasts for slower economic growth in the U.S. next year and the looming election in Australia fuelled uncertainty. The benchmark S&P/ASX 200 index closed down 41.1 points or 0.6% at 6,384.3 and the broader All Ordinaries index fell 40 points or 0.6% to 6,450.2.

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.

New Zealand Stocks Trade Flat []
Wednesday, Wellington stocks were trading flat, tracking the overnight lead from Wall Street. The benchmark NZX 50 Index was gaining 13.23 points or 0.33% to 4080.53, while the NZX All Capital Index was advancing 14.64 points or 0.36% to 4134.27.

Markets Likely To Open Lower Tracking Wall Street Losses - European Commentary []

Markets Likely To Open Lower Tracking Wall Street Losses - European Commentary []
The index futures are pointing towards a higher opening for U.K.'s FTSE 100 index and a lower opening for France's CAC 40 and Germany's DAX 30 indexes on Tuesday. Global cues are weak, with the U.S. stocks closing lower overnight on continued subprime worries and the major markets across the Asia-Pacific region showing a mixed trend.

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.

BNP Paribas Comments That Its Increasingly Unlikely That Rates Will Be Lifted In December For BoE []

BNP Paribas Comments That Its Increasingly Unlikely That Rates Will Be Lifted In December For BoE []
Raymond Van der Putten from BNP Paribas commented on Wednesday that the Bank of England's Monetary Policy Committee (MPC) published their Minutes. He commented that they showed that seven out of the nine members voted in favor of keeping the Bank Rate unchanged at 5.75%.

Loonie Slips Closer To Par With US Dollar, At Multi-week Low [USD/CAD]
The Canadian dollar fell to a multi-week low versus its US counterpart Wednesday morning in New York. The loonie slipped to .9906 at around 9 am ET, the closest its been to parity with the dollar since early October. The loonie has fallen sharply versus the buck since reaching a modern-era high of .9056 earlier in November.

Swiss Franc Rises Against Euro And Pound [CHF]
Extending the early European session's uptrend, the Swiss franc rose sharply against the euro and the pound around 4:25 am ET. As of now, the franc is worth 1.6357 against the euro and 2.2748 against the pound.

No Clear Lead For Malaysian Stocks []

No Clear Lead For Malaysian Stocks []
The Malaysian stock market draws mixed messages ahead of trading Wednesday as the Kuala Lumpur Composite Index tries to halt a losing streak that has reached three sessions.

Singapore Stocks Seek Consistency []
After snapping a three-day losing streak, the Singapore stock market has no clear direction as it opens for business on Wednesday.

Stocks Tumble After Oil Surges To Record, Fed Cuts Growth Forecast - Asian Commentary []
Wednesday, stock markets across the Asia-Pacific region tumbled after the crude prices surged due to weakness in dollar and the Federal Reserve cut its forecast for U.S. economic growth in 2008. Hong Kong's Hang Seng Index, which pulled back 4.2%, led the Asian fall.

Dollar Falls To 2-year Low Against Yen, Higher Versus Other Majors [USD]
Wednesday morning, the US dollar weakened heavily against the Japanese Yen and touched a 2-year low of 108.25. But the dollar gained against the rest of majors.

Pound Mixed Against Majors Ahead Of BOE Minutes [GBP]
Ahead of the release of the Bank of England's minutes, the pound showed mixed trading. The sterling dropped against the euro, the franc and the yen but gained against the dollar. As of 4:25 am ET, the pound was worth 2.0633 against the US dollar, 2.2796 versus the franc, 224.24 against the yen and 0.7183 versus the euro.

Stocks May Regain Some Ground In Early Trading - U.S. Commentary []

Stocks May Regain Some Ground In Early Trading - U.S. Commentary []
After succumbing to selling pressure late in each of the two previous sessions, stocks may regain some ground in early trading on Friday. The major U.S. index futures are currently indicating a considerably higher open for the markets.

South Korean Market Extends Losses For Fifth Straight Session []
Wednesday, Seoul shares opened lower, extending losses for a fifth straight session, as the Federal Reserve's move to lower the U.S. economic growth forecast for 2008 dampened market sentiment. At 10:40 a.m. local time, the benchmark Korea Composite Stock Price Index or KOSPI was down 15.21 points or 0.81% at 1,856.72.

Choppy Trading Persists In Early Afternoon Trading - U.S. Commentary []

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 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 May Regain Some Ground In Early Trading - U.S. Commentary []
After succumbing to selling pressure late in each of the two previous sessions, stocks may regain some ground in early trading on Friday. The major U.S. index futures are currently indicating a considerably higher open for the markets.

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.

Stocks Seeing Continued Weakness In Early Afternoon Trading - U.S. Commentary []

Stocks Seeing Continued Weakness In Early Afternoon Trading - U.S. Commentary []
While selling pressure has waned from earlier in the session, the U.S. stock markets continue to see significant weakness in early afternoon trading on Monday. Most stocks remain firmly in negative territory.

Swiss Currency Mixed Tuesday Morning [USD/CHF]
The Swiss currency was mixed against its world counterparts in trading on Tuesday morning in New York. The currency moved as Swiss watch exports data was released for October.

Australia Shares Look For Answers To World Financial Sector Jitters []
Australia stocks will look Wednesday to shake off the financial sector jitters causing volatility in global markets.

Stocks Seeing Significant Strength In Late-Morning Trading - U.S. Commentary []
Stocks continue to see significant strength in late-morning trading on Tuesday, with the major averages all firmly in positive territory after posting steep losses in the previous session. Resource stocks continue to turn in some of the best performances.

Austrlian Stocks Look To Build On Monday Gains []
Australia stocks will look to shake off Wall Street's negative lead and sustain Monday's gains.

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.

US Stocks Set To Bounce Back Tuesday, HP Results Could Revive Techs []
US stocks were poised for a comeback Tuesday morning in New York after global stocks snapped back overnight and traders looked ahead to the release of the minutes of the last Federal Reserve meeting.

Chinese Market Rebounds Led By Steel Makers []
Tuesday, Shanghai shares rebounded in afternoon trade to settle higher, led by steelmakers, after Baosteel announced plans to raise prices in the first quarter of 2008. The benchmark Shanghai Composite Index closed up 23.89 points or 0.45% at 5,293.70, off a low of 5,158.54.

Japan Stocks Look To Sustain Upward Momentum []
Japan shares look Wednesday to build on the reversal of the recent seen on Tuesday.

Swiss Currency Rises Against Buck Tuesday Morning [USD/CHF]
The Swiss currency was strong against its American counterpart in trading on Tuesday morning in New York. The franc advanced to a mark of 1.1082 as action progressed. The pair moved ahead of the FOMC minutes from the October 30 - 31 which will be revealed at 2:00 pm ET.

Stocks Close Higher After A Choppy Trading Session - U.S. Commentary []

Stocks Close Higher After A Choppy Trading Session - U.S. Commentary []
With some traders staying on the sidelines following recent volatility, the U.S. stock markets showed a lack of direction throughout the trading session on Friday. Stocks were unable to sustain any significant moves but eventually ended the session higher.

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 Turning In A Lackluster Performance - U.S. Commentary []
As was seen in the two previous sessions, stocks have turned in a lackluster performance over the course of morning trading on Friday. The major averages have been bouncing back and forth across the unchanged line, unable to sustain any significant moves.

Swiss Currency Rises Against Buck Tuesday Morning [USD/CHF]
The Swiss currency was strong against its American counterpart in trading on Tuesday morning in New York. The franc advanced to a mark of 1.1082 as action progressed. The pair moved ahead of the FOMC minutes from the October 30 - 31 which will be revealed at 2:00 pm ET.

Dollar Falls To New Multi-year Low Against Czech Koruna [USD/CZK]

Dollar Falls To New Multi-year Low Against Czech Koruna [USD/CZK]
After being slightly higher in early Asian trading, the US dollar slumped to a new multi-year low against Czech koruna on Tuesday. Down from an Asian session high of 18.26, the dollar-koruna pair touched its new multi-year low at 18.038 by about 5:35 am ET.

Australian Market Closes Higher Led By Resources, Banking Stocks []
Sydney shares closed sharply higher Monday on buying in resource and banking sectors, after the U.S. stocks closed in positive territory on Friday amid volatility. The benchmark S&P/ASX 200 index closed up 73.3 points or 1.1% at 6,535.2 and the broader-based All Ordinaries index rose 75.2 points or 1.2% to end at 6,601.3.

Market Opens Lower On Weak Global Cues - Indian Commentary []
Tuesday, Indian shares opened lower on the back of weak cues from global markets. At 10:04 a.m. IST, the Sensex was down 125 points at 19,508 and the broader Nifty was down 49 points at 5,857.

Dollar Plummets To New Record Low Against Euro [USD]
The US dollar weakened heavily against its European counterparts during the early deals on Tuesday. While the dollar plummeted to a new record low against the euro, it hit new multi-year low versus the franc. Against the pound, the dollar touched a 6-day low.

Thai Stocks Unlikely To See Rebound []
There were enough global cues to make sure that Thailand's stock market closed below water on Monday, and the cues are even more negative ahead of the market's open on Tuesday.

Euro Soars To New All-time Peak Versus Dollar, Hits Fresh 4 Year High Against Pound [EUR/USD]
The euro surged to a fresh record peak versus the dollar Tuesday morning in New York after data revealed the number of housing permits issued in the US fell to a 14-year low in October, potentially raising pressure on the Federal Reserve to lower interest rates.

Swiss Franc Choppy In Trading Against Sterling [GBP/CHF]
The Swiss currency saw choppy action in trading against its British counterpart on Tuesday. By the mid morning, the franc had bounced between a high of 2.2848 and a low of 2.2951. The pair moved as U.K.'s balance of manufacturing firms reporting growth in order book levels stood at plus 8%.

Australian Stocks End In Red On U.S. Credit, Housing Market Concerns []
Tuesday, Sydney shares closed sharply lower, reversing Monday's gains. The weakness in the market was attributable to more bad news about the U.S. banking and housing industries. The benchmark S&P/ASX 200 index closed down 109.8 points or 1.7% at 6,425.4 and the broader All Ordinaries index lost 111.1 points or 1.7% to finish at 6,490.2.

Estonian Kroon Rallies To Fresh Multi-year High Against Dollar Amid PPI Data [USD/EEK]
The US dollar weakened against the Estonian kroon during early deals on Tuesday. The kroon likely gained ground on the Estonian October producer price index data released today. The producer prices rose 0.7% month-on-month in October, according to the Statistics Estonia.

Japan Shares Look To Reverse Downslide []
Japanese stock traders will try once again on Tuesday to get off the slide that has sent share prices to their lowest levels in more than a year. Japan stocks dropped again on Monday, with the Nikkei 225 Stock Average declining 112.05 points or 0.7 percent to 15,042.56.

Euro Surges To 0.7165 Against The Pound []

Euro Surges To 0.7165 Against The Pound []
Euro surges to 0.7165 against the pound.

Thai Stocks Unlikely To See Rebound []

Thai Stocks Unlikely To See Rebound []
There were enough global cues to make sure that Thailand's stock market closed below water on Monday, and the cues are even more negative ahead of the market's open on Tuesday.

New Zealand Market Ends Down On Wall Street Losses []
Tuesday, Wellington shares closed sharply lower after the U.S stocks fell overnight on renewed credit and economic growth concerns. The benchmark NZX 50 Index dropped 47.37 points or 1.15% to finish at 4,067.30, off the day's low of 4,049.56. The broader NZX All Capital Index lost 11.93 points or 1.08% and ended at 1,105.58.

Dollar Falls To New Multi-year Low Versus Swiss Franc, Gives Back Yesterday's Gains Versus Other Majors [USD]
The US dollar weakened in early deals on Tuesday and gave back most of its previous day's gains against the majors by about 3:15 am ET. The dollar was then quoted at 1.476 against the euro, at 2.064 versus the sterling and at 110.4 against the yen. The greenback, at the same time, fell to a new multi-year low of 1.1098 against the Swiss currency, surpassing yesterday's lowest level of 1.1154.

U.S. Dollar Gaining Ground Against Major Currencies [USD/CAD]

U.S. Dollar Gaining Ground Against Major Currencies [USD/CAD]
The U.S. dollar is rising against a group of world currencies. The greenback is trading higher against the Euro, Australian Dollar, British pound sterling, Swiss franc and Canadian dollar.

Kiwi Higher Versus Aussie, Down Against Rest Of Majors [NZD]
Early Tuesday in Asia, the New Zealand showed weakness against the yen and the dollar but it strengthened against the Australian dollar. The kiwi lost ground following New Zealand visitor arrivals data at 4:45 pm ET Monday.

New Zealand Shares Seeking Direction After Down-Side Wall Street Lead []
New Zealand shares get a down-side lead from Wall Street as they seek market-moving factors on Tuesday.

KOSPI Likely To Extend Skid []

KOSPI Likely To Extend Skid []
The South Korean stock market will try to snap a three-day losing streak from its lowest close in more than two months when the KOSPI kicks off trade on Tuesday. And it has less than inspiring data from the U.S. overnight for still more negative momentum.

Pound Down Against Majors [GBP]
The British currency weakened against its major counterparts during early deals on Monday.

Japanese Market Rises On Wall Street Rebound, Weaker Yen []
Tokyo shares were higher in early trade Monday after the U.S. stocks ended higher on Friday and a softer yen boosted exporters. At 10:32 a.m. local time, the benchmark Nikkei 225 index was adding 94.22 points to 15,248.83 and the broader Topix index of all First Section issues on the Tokyo Stock Exchange gained 13.48 points to 1,485.15.

Yen Higher Against Majors [JPY]
In the early Asian trading on Monday, the Japanese yen strengthened against its major counterparts. Before gaining ground around 7:20 pm ET, the yen-pairs were a little down from their last week's close.

Dollar Hits 5.5189 Versus Norwegian Krone []
Dollar hits 5.5189 versus Norwegian krone

Thai Shares Poised For Rebound []

Thai Shares Poised For Rebound []
The Thai stock market followed the rest of the region into negative terrain on Friday. Now investors are hoping that the Stock Exchange of Thailand will bounce back with the rest of Southeast Asia when the market opens on Monday.

Yen Extends Gains Versus Majors [JPY]
The yen has been extending its uptrend against its majors during the European session on Monday. As of now, the yen is trading near 110.42 against the US dollar, 161.63 against the euro, 226.19 versus the sterling and 98.69 against the franc.

China Stocks Poised For Rebound []
After a tough week, investors are hoping that China's stock market is finally ready to sustain a comeback when the market kicks off trade on Monday.

Positive Cues For Hang Seng []
After a tough ending to a tough week, investors are optimistic that Hong Kong's Hang Seng Index is poised to snap a two-day losing streak when the market opens for business on Monday.

New Zealand Stocks Trade Mixed []
Monday, Wellington stocks opened in the green, but are currently trading mixed. The benchmark NZX 50 Index was losing 2.48 points or 0.06% to 4,111.69, while the NZX All Capital Index was adding 0.76 points or 0.02% to 4,162.67.

Dollar Hits 5.5189 Versus Norwegian Krone []
Dollar hits 5.5189 versus Norwegian krone

Japanese Market Falls On Wall Street Losses, Stronger Yen []
Friday, Tokyo shares plunged on renewed U.S. credit market and economic growth concerns. A stronger yen also negatively impacted investor sentiment. The benchmark Nikkei 225 index fell 241.69 points or 1.6% to end at 15,154.61. The broader TOPIX index of all First Section issues on the Tokyo Stock Exchange shed 27.19 points or 1.8% to close at 1,471.67.

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.

Stocks Turn Weak After Opening On Firm Note Tracking Wall Street Rebound - Asian Commentary []
Monday, stock markets across the Asia-Pacific region were seeing some degree of weakness after opening on a positive note, following the Wall Street rebound on Friday.

Euro Gains Against Pound, Drops Versus Other Majors [EUR]
During the early European deals on Monday, the euro gained against the pound, but it dropped versus the rest of majors. The British rightmove house prices data for November and the Japanese nationwide department store sales data for October released earlier today likely influenced the euro against the pound and the yen respectively.

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.

Yen Gains Further Against European Majors [JPY]

Yen Gains Further Against European Majors [JPY]
Extending the Asian session's gains, the yen rose sharply against its European counterparts at 2:10 am ET. As of 2:16 am ET, the yen fetched 161.73 against the euro, 226.35 against the pound and 98.76 against the franc.

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 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.

Pound Down Against Majors [GBP]
The British currency weakened against its major counterparts during early deals on Monday.

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.

Euro Gains Against Pound, Drops Versus Other Majors [EUR]
During the early European deals on Monday, the euro gained against the pound, but it dropped versus the rest of majors. The British rightmove house prices data for November and the Japanese nationwide department store sales data for October released earlier today likely influenced the euro against the pound and the yen respectively.

Yen Gains Against Majors [JPY]
The Japanese yen gained ground against its major counterparts in the early Asian trading on Monday. As of now, the yen is trading near 110.62 versus the US dollar, 162.27 against the euro, 227.08 against the British pound and 99.98 versus the franc.

Stocks Move Higher At Open - U.S. Commentary []
Stocks have opened with notable gains on Wednesday after tame inflation data was released and Bear Stearns (BSC) made positive statements.

US Dollar Surges Against European Majors [USD]

US Dollar Surges Against European Majors [USD]
Around 3:10 am ET, the US dollar spiked higher versus its major European counterparts. AS of now, the dollar is worth 1.1191 versus the franc, 1.4629 against the euro, 2.0468 against the sterling.

Dollar Ticks Down After Last Week's Modest Recovery []
The U.S. dollar is receding in the first trading session of the week after comments from the Gulf Cooperation Council over a revaluation of the dollar-peg exerted downward pressure on the greenback.

Aussie Slightly Higher In Early Asian Trading [AUD]
The Australian dollar showed strength against its US, Japanese and European counterparts in the early Asian trading on Monday. However, the Aussie reversed its trend around 7:15 pm Eastern Time. Against its Canadian counterpart, the Aussie lost its momentum in the early Asian trading.

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.

New Zealand Stocks Trade Mixed []

New Zealand Stocks Trade Mixed []
Monday, Wellington stocks opened in the green, but are currently trading mixed. The benchmark NZX 50 Index was losing 2.48 points or 0.06% to 4,111.69, while the NZX All Capital Index was adding 0.76 points or 0.02% to 4,162.67.

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.

Dollar Ticks Down After Last Week's Modest Recovery []
The U.S. dollar is receding in the first trading session of the week after comments from the Gulf Cooperation Council over a revaluation of the dollar-peg exerted downward pressure on the greenback.

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.

Danske Bank Examines Housing Prices In China []
Flemming Nielsen from Danske Bank remarked Friday that house prices in China in Q3 07 increased 8.2% y/y following a 6.3% y/y increase Q2. However, he said, there are regional differences, with Shanghai still recovering from a mini-bust and Shenzhen near Hong Kong booming.

Jakarta Shares Ready To Bounce Back []
After closing out last week on a down note, investors are looking anxiously for the Indonesian stock market to resume its trend of gain when the Jakarta Composite Index opens for business on Monday.

Hong Kong Stocks Get Mixed Message []

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.

Cues Point Malaysian Stocks Higher []
After a down day to end the business week, investors are hoping that the Malaysian stock market will follow a rare positive lead from the United States and bounce back when the market opens on Monday.

KOSPI In Line For Rebound []
Finally with some global momentum, the South Korean stock market will be looking to snap a two-day losing streak when the KOSPI opens for business on Monday.

Stocks Fall On Profit-taking After Wall Street Ends Lower In Late-day Sell-off - Asian Commentary []
Thursday, stock markets across Asia fell, with Hong Kong leading the decline, as a weak performance on Wall Street encouraged investors to lock in gains. The investors were also exercising caution ahead of the CPI data from the U.S. later in the day.

Cues Point To Lower Finish For Malaysian Shares []
The Malaysian stock market posted modest gains Thursday off a weak lead from Wall Street. Investors are hoping the Kuala Lumpur Composite Index can do it again on Friday on more negative global cues.

Japanese Market Falls On Wall Street Losses, Stronger Yen []
Friday, Tokyo shares plunged on renewed U.S. credit market and economic growth concerns. A stronger yen also negatively impacted investor sentiment. The benchmark Nikkei 225 index fell 241.69 points or 1.6% to end at 15,154.61. The broader TOPIX index of all First Section issues on the Tokyo Stock Exchange shed 27.19 points or 1.8% to close at 1,471.67.

Stocks Move Sharply Higher At The Open - U.S. Commentary []

Stocks Move Sharply Higher At The Open - U.S. Commentary []
Stocks moved sharply higher at the start of trading on Tuesday, with the major averages regaining some ground after closing lower in the four previous sessions. The tech-heavy Nasdaq showed a particularly strong upward move after falling sharply on Monday.

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.

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 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.

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.

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.

Late Day Sell-Off Drives Stocks Lower - U.S. Commentary []
After seeing little movement for much of Wednesday's session, U.S. stock markets took a dive in the last half of trading, led downward by weakness in retail stocks.

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.