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Saturday, December 01, 2007

European Markets Rise, Led By Miners, Oils - European Commentary []

European Markets Rise, Led By Miners, Oils - European Commentary []
The European markets rose on Thursday, as mining stocks rallied on hopes of further sector consolidation as well as rising metal prices and heavily weighted energy stocks rose after crude oil prices climbed.

Hang Seng Poised For Another Jump []
It was likely to rise anyway, but now the Hong Kong stock market is called to really take off into positive territory when it opens for business on Friday.

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 Rise, Led By Banks - European Commentary []
The European markets rose the most in more than four years on Wednesday, as banking stocks rallied on hopes for another rate cut by the U.S. Federal Reserve following comments made by a top Fed official.

New Zealand Stocks Seek Sense Of Direction []
New Zealand shares look for a sense of direction on Friday after a lackluster week of trading

Jakarta Stocks May Test New High []

Jakarta Stocks May Test New High []
After optimistic comments by U.S. Federal Reserve Chairman Ben Bernanke within the last few hours, investors are hoping that the Indonesian stock market can set a new intra-day high again on Friday when the Jakarta Composite Index kicks off trade.

Hang Seng Poised For Another Jump []

Hang Seng Poised For Another Jump []
It was likely to rise anyway, but now the Hong Kong stock market is called to really take off into positive territory when it opens for business on Friday.

FTN Financial Examines Friday Morning Data From US []
Lindsey Piegza from FTN Financial commented on Friday's data from the US. First, she noted that the Chicago PMI rose in November to 52.9 from 49.7 a month ago, unwinding some of the weakness in October.The analyst remarked that other regional indices posted a similar up tick in November, suggesting October's slow down in manufacturing may have been overstated.

China Stocks Rebound; Shanghai Composite Regains 5,000 Mark []

China Stocks Rebound; Shanghai Composite Regains 5,000 Mark []
Shanghai shares closed sharply higher Thursday led by financial and airline stocks, tracking strong gains in the Hong Kong and U.S. markets. Airlines stocks soared following a pullback in oil prices and media reports that Air China might make a new proposal to merge with China Eastern Airlines.

Hang Seng Poised For Another Jump []

Hang Seng Poised For Another Jump []
It was likely to rise anyway, but now the Hong Kong stock market is called to really take off into positive territory when it opens for business on Friday.

Thai Stocks Pointed Higher []
After optimistic comments by U.S. Federal Reserve Chairman Ben Bernanke within the last few hours, analysts are calling for the Stock Exchange of Thailand to open sharply higher on Friday, in line with other regional bourses.

Australian Market Rebounds On Expectations Of U.S. Rate Cut []
Thursday, Sydney shares closed higher, ending a two-day losing streak. Growing expectations of another interest rate cut in the U.S. boosted investor sentiment. The benchmark S&P/ASX 200 index closed up 74.4 points or 1.2% at 6,444.5. The All Ordinaries closed 74.4 points or 1.2% higher at 6,507.2.

Friday, November 30, 2007

Euro Extends Gains Versus Yen, Stable To Dollar And Sterling As Traders Weigh Euro Zone GDP Data []

Euro Extends Gains Versus Yen, Stable To Dollar And Sterling As Traders Weigh Euro Zone GDP Data []
The euro was uncertain versus the dollar and sterling, but raced higher against the broadly weaker yen Friday morning as investors weighed a slew of key economic data from the Euro zone.

New Zealand Currency Falls Against Buck [NZDUSD]
The New Zealand currency dropped against its American counterpart in action on Friday. After choppy action in the morning, the kiwi fell past 0.7690 in trading around the midday. The pair moved as the US Department of Commerce released its report on personal income and spending in the month of October.

Naroff Economic Advisors Suggests Rate Cut Likely []
Joel Naroff from Naroff Economic Advisors stated that consumers are still spending though not nearly at the pace they had been. He noted that consumption faded in October and that occurred despite an early holiday rush.

European Markets Rise, Led By Drugmakers - European Commentary []
The European markets rose on Thursday, helped by a rally among pharmaceutical stocks following a broker upgrade of the sector. Air France-KLM led airline stocks higher after reporting forecast-beating second quarter earnings.

New Zealand Stocks Trade Weak []

New Zealand Stocks Trade Weak []
Friday, stocks in New Zealand opened lower and were trading in the red despite a positive overnight Wall Street lead. The benchmark NZX 50 Index was losing 15.88 points or 0.39% to 4,050.65, while the NZX All Capital Index was declining 14.95 points or 0.36% to 4,109.56.

Sterling Falls Versus Dollar And Euro As Consumer Confidence Wains [GBP/USD]
The pound sunk against the dollar and the euro in Friday trading amidst news of a drop in British consumer confidence.

Dollar Inches Above Par Versus Loonie Friday Morning []

Dollar Inches Above Par Versus Loonie Friday Morning []
The dollar broke above par for the first time since early October against its Canadian counterpart Friday morning. The dollar hit 1.0001 before levelling off, but could head higher if oil prices head lower over the course of the morning.

New Zealand Currency Falls Against Buck [NZDUSD]
The New Zealand currency dropped against its American counterpart in action on Friday. After choppy action in the morning, the kiwi fell past 0.7690 in trading around the midday. The pair moved as the US Department of Commerce released its report on personal income and spending in the month of October.

BMO Capital Markets Suggests Odds Are High For A Rate Cut In December []
BMO Capital Markets Economics analyst Sal Guatieri remarked on Friday that headwinds smacked U.S. personal spending. U.S. personal consumption growth slowed to 0.2% in October, the weakest gain in four months and less than expected. Guatieri noted that credit-sensitive durable goods (such as autos and furniture) took the biggest hit.

U.S. Dollar Rallies To Eight-Day High Against Pound [GBP/USD]
The greenback surged against the British pound on Friday in New York and moved to an eight-day high. The pair was generally even until a little after 10 a.m. ET when the greenback surged sharply. The buck moved to 2.0573 against its British counterpart.

Dollar Spikes Higher Versus Euro [EUR/USD]
The dollar accelerated to the upside versus the euro in Friday's mid-morning dealing, rising to a fresh 12-session high. By 10:30 am, the dollar jumped to 1.47 from an earlier level near 1.4750.

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.

Dollar Mixed Against Majors [USD]

Dollar Mixed Against Majors [USD]
During the European session on Friday, the US dollar was mixed in trading against its major counterparts. While the dollar surged to an 11-day high against the yen, it lost ground versus the euro and the pound. Against the Swiss franc, the dollar showed choppy trading.

Stocks Gain On Positive Cues From Wall Street - Asian Commentary []
Most of the stock markets across the Asia-Pacific region were trading higher on Friday after the U.S. market extended its rally overnight with moderate gains.

US Stocks Set To Open Higher As Bernanke Remarks Cement Expectation For Rate Cut - US Commentary []
US stocks were set to extend this week's gains on Friday after remarks from Fed Chair Ben Bernanke cemented expectations for a December interest rate cut by the Fed.

Japan Shares Set For Higher Open []
Japan stocks are poised to open marginally higher on Friday off of another positive lead from Wall Street.

Jakarta Stocks May Test New High []
After optimistic comments by U.S. Federal Reserve Chairman Ben Bernanke within the last few hours, investors are hoping that the Indonesian stock market can set a new intra-day high again on Friday when the Jakarta Composite Index kicks off trade.

Thursday, November 29, 2007

Financials Drive Stocks Lower - U.S. Commentary []

Financials Drive Stocks Lower - U.S. Commentary []
Stocks have moved decidedly to the downside in recent trading on Monday, as fears within the credit markets outweigh any optimism generated by a strong start to the holiday shopping season.

Wall Street Tumbles On Renewed Credit Concerns - U.S. Commentary []
Wall Street experienced a broad based sell-off on Monday, as fears concerning the credit market drove financial and housing stocks to sharp losses.

Japanese Market Surges On Wall Street Rally, Weaker Yen []
Thursday, Tokyo shares were sharply higher, following the sustained rebound on Wall Street after a Federal Reserve official suggested that the central bank might cut interest rates again next month. A weaker yen boosted export oriented and high tech stocks.

Interest Rate Hopes Bolster Australia Stock Expectations []
Australia stocks look to sustain their upward momentum Friday after a rebound the day before. Shares closed higher Thursday, ending a two-day losing streak, as growing expectations of another interest rate cut in the US lured investors back into the market.

Australian Market Rebounds On Expectations Of U.S. Rate Cut []
Thursday, Sydney shares closed higher, ending a two-day losing streak. Growing expectations of another interest rate cut in the U.S. boosted investor sentiment. The benchmark S&P/ASX 200 index closed up 74.4 points or 1.2% at 6,444.5. The All Ordinaries closed 74.4 points or 1.2% higher at 6,507.2.

South Korean Market Rises On Wall Street Gains []
South Korean shares were higher in early trading on Friday after Wall Street continued to advance amid hopes for another interest rate cut. Further, investor sentiment was positive following favorable recent economic data at home. At 11:04 a.m. local time, the benchmark KOSPI index was up 31.25 points or 1.66% at 1,908.88.

South Korean Market Rises Tracking Wall Street Gains []
Seoul shares rebounded Thursday on the back of sharp gains on Wall Street. Growing hopes of another interest rate cut in the U.S. and a significant pullback in oil prices boosted investor sentiment.

Australian Market Surges On Wall Street Rally, Stronger Base Metal Prices []

Australian Market Surges On Wall Street Rally, Stronger Base Metal Prices []
Thursday, Sydney shares were sharply higher, tracking the surge on Wall Street after a Federal Reserve official hinted that the central bank may cut interest rates again next month. At 11:27 a.m. local time, the benchmark S&P/ASX 200 was up 100.1 points or 1.6% at 6,470.2 and the broader All Ordinaries index was gaining 96.9 points or 1.5% to 6,529.7.

Global Insight: Economy And Financial Markets Crying Out For Rate Cut []
Nigel Gault, US economist for Global Insight, wrote on Thursday that all incoming evidence suggests that the stellar 4.9% growth rate in the third quarter may have been the last hurrah for the expansion. He said that housing activity continues to plunge, consumer spending growth is slowing, and business investment also seems to be faltering based on yesterday's durable goods orders.

South Korean Market Rises Tracking Wall Street Gains []
Seoul shares rebounded Thursday on the back of sharp gains on Wall Street. Growing hopes of another interest rate cut in the U.S. and a significant pullback in oil prices boosted investor sentiment.

Loonie Eases To Yen On Thursday []

Loonie Eases To Yen On Thursday []
The loonie gave back a portion of its gains from the previous session against the yen on Thursday, falling to 110 from an early high near 112. With the loss, the loonie moved back towards Monday's 2-week low of 108.08.

Euro Snaps Back Versus Dollar After US Housing Numbers [EUR/USD]
The euro pared its early losses versus the dollar upon the release of housing data from the US at 10 am ET. The euro snapped back to 1.4771, still down on the day, but up from its mid-morning low of 1.4722.

Japanese Stocks End Down, Led By Oil Firms []
Wednesday, Tokyo shares fell for the first time in four trading days, giving up early gains, as the yen strengthened against major currencies. The benchmark Nikkei 225 Index closed down 69.07 points or 0.45% at 15,153.78 and the broader TOPIX index shed 3.14 points or 0.2% to end at 1,475.64.

Dollar Mixed Versus Majors With All Ears Tuned To Bernanke [EUR/USD]
The greenback was mixed against other majors on Thursday, moving to the upside versus the euro and sterling but softening a bit against the yen. Traders were treated to a slew of economic data ahead of a key speech from Fed Chairman Ben Bernanke.

Australian Market Surges On Wall Street Rally, Stronger Base Metal Prices []
Thursday, Sydney shares were sharply higher, tracking the surge on Wall Street after a Federal Reserve official hinted that the central bank may cut interest rates again next month. At 11:27 a.m. local time, the benchmark S&P/ASX 200 was up 100.1 points or 1.6% at 6,470.2 and the broader All Ordinaries index was gaining 96.9 points or 1.5% to 6,529.7.

Kiwi Slips In Trading Against Buck [NZDUSD]
The New Zealand currency was weak against its American counterpart in trading on Thursday midday in New York. The kiwi edged down past 0.7680 as action progressed. The currencies traded as U.S. third quarter GDP came in at 4.9%, in line with expectations.

Dow Nearing 200 Point Gain On Fed Official's Comments - U.S. Commentary []

Dow Nearing 200 Point Gain On Fed Official's Comments - U.S. Commentary []
Positive comments from the Federal Reserve's Vice Chairman have sent stocks sharply higher on Wednesday, as investors find renewed hope for an upcoming interest rate reduction.

Fed Comments Likely To Drive Stocks Higher - U.S. Commentary []
Stocks are headed for a higher opening on Wednesday after the Federal Reserve's Vice Chairman made encouraging remarks and as bargain hunters purchase recently battered financial stocks.

Sterling Weakens Versus Majors As UK House Prices Fall [GPB/USD]
The sterling was broadly weaker versus other major currencies Thursday morning in New York, with traders considering data showing that house prices in Britain fell in November for the first time since February 2006.

Stocks Fall On Sears Earnings - U.S. Commentary []
Wall Street is posting modest losses on Thursday, reversing two straight sessions of considerable gains, after Sears Holding (SHLD) reported sharply lower quarterly results and on concerns for America's oil supplies.

Global Insight: Economy And Financial Markets Crying Out For Rate Cut []
Nigel Gault, US economist for Global Insight, wrote on Thursday that all incoming evidence suggests that the stellar 4.9% growth rate in the third quarter may have been the last hurrah for the expansion. He said that housing activity continues to plunge, consumer spending growth is slowing, and business investment also seems to be faltering based on yesterday's durable goods orders.

China Stocks Rebound; Shanghai Composite Regains 5,000 Mark []

China Stocks Rebound; Shanghai Composite Regains 5,000 Mark []
Shanghai shares closed sharply higher Thursday led by financial and airline stocks, tracking strong gains in the Hong Kong and U.S. markets. Airlines stocks soared following a pullback in oil prices and media reports that Air China might make a new proposal to merge with China Eastern Airlines.

Stocks Surge On U.S. Interest Rate Cut Expectation - Asian Commentary []
Thursday, stock markets across the Asia-Pacific region were higher after the U.S. stocks rallied for a second consecutive session overnight. Wall Street surged after a Federal Reserve official made favorable comments that hinted towards future interest rate reductions.

Japanese Market Surges On Wall Street Rally, Weaker Yen []
Thursday, Tokyo shares were sharply higher, following the sustained rebound on Wall Street after a Federal Reserve official suggested that the central bank might cut interest rates again next month. A weaker yen boosted export oriented and high tech stocks.

Greenback Surges Higher Versus Euro Thursday Morning [EUR/USD]
Dollar surged to the upside versus the euro Thursday morning, nearing Wednesday's weekly highs after Goldman Sachs said that greenback was unlikely to fall further against its major counterparts.

Pound Mixed Against Majors Ahead Of British CBI Distributive Trades Report [GBP]
Ahead of the release of the UK CBI distributive trades report for the month of November, the pound showed mixed trading. The sterling gained against the franc and the euro but declined versus the rest of its major counterparts. As of 5:55 am ET, the pound was worth 2.0620 against the US dollar, 2.3083 versus the franc, 227.02 against the yen and 0.7151 against the euro.

US Dollar Gains Against Czech Koruna [USD/CZK]
The US dollar gained against the Czech koruna during early trading on Thursday. The US currency hit a high of 17.9790 at about 3:35 am ET, compared to yesterday's new multi-year low of 17.8220. During early Asian trading, the pair moved sideways but it moved higher around 3:10 am ET.

Stocks Move To The Downside - U.S. Commentary []

Stocks Move To The Downside - U.S. Commentary []
Stocks are turning in a lackluster performance on Monday, as worries concerning the credit markets offset any optimism generated by a strong start to the holiday shopping season.

Wall Street Looks To Rebound Tuesday Morning Ahead Of Consumer Confidence Report - US Commentary []
US stocks were set to bounce back from a sell-off in the previous session Tuesday morning as traders geared up for a report on consumer confidence at 10 am ET.

Wednesday, November 28, 2007

Gain Called For Jakarta Stocks []

Gain Called For Jakarta Stocks []
The Indonesian stock market has closed higher in four of the last five sessions, and analysts are calling for the Jakarta Composite Index to again move into positive territory when the market kicks off trade on Thursday.

Australia Shares Look To Mining Sector To Shed Losses []
Australia Stocks get another strong lead from Wall Street for Thursday trading, although a drop in gold prices could drag the mining sector and the rest of the market down. Australian stocks ignored Wall Street's big gains and moved lower on Wednesday, led by continuing weakness in the mining and banking/financial sectors.

Australian Shares Trade In Negative Terrain, Led By Resource Stocks []
Wednesday, Sydney shares were trading in negative territory, led by resource stocks, on the back of weaker metal and oil prices. The benchmark S&P/ASX 200 Index was losing 71.30 points or 1.11% to 6,361.40, while the All Ordinaries Index was declining 65.00 points or 1.00% to 6,428.60.

Dollar Slightly Higher Against Majors In Early Asian Deals [USD]
During the early Asian deals on Thursday, the US dollar gained slightly against its major counterparts. Up from yesterday's close of 1.4842 versus the euro and 2.0825 against the pound, the dollar moved to 1.4808 and 2.0756, respectively.

New Zealand Currency Strong Versus Yen [NZD/JPY]
In trading against the yen on Wednesday, the New Zealand kiwi saw strength in action. By the mid-day, the advance had brought the kiwi to a mark of 84.72 against the Japanese yen. The currencies traded as the Japanese government plans to partially implement net taxation on financial income in fiscal 2009 according to a report from the Nikkei on Wednesday.

Euro Surges To 2-week Peak Versus Yen As Risk Appetite Revives [EUR/JPY]
The euro soared to a 2-week high versus the yen Wednesday afternoon amid increased appetite for riskier higher-yielding currencies. The euro jumped to 163.45 by 2:30 pm ET, up sharply from an early low of 160.21.

China Stocks Fall Amid Worries Over Further Policy Tightening Measures By Government []
Wednesday, Shanghai shares closed lower, led by property developers and steelmakers amid worries over further policy tightening measures by the government. The benchmark Shanghai Composite Index closed down 57.72 points or 1.19% at 4,803.39, its lowest level since August 20, 2007.

European Markets Rise, Led By Banks - European Commentary []
The European markets rose the most in more than four years on Wednesday, as banking stocks rallied on hopes for another rate cut by the U.S. Federal Reserve following comments made by a top Fed official.

Rebound Unlikely For Hang Seng []

Rebound Unlikely For Hang Seng []
The modest, two-day winning streak is history, and analysts aren't calling for Hong Kong's Hang Seng Index to bounce back when the market kicks off trade on Wednesday.

Singapore Stocks Seen To Snap Skid []
Trade in the Singapore stock market has been choppy of late, neither gaining nor declining for more than two consecutive days over the past week.

Markets Open Higher; Bank, Auto Stocks Gain - Indian Commentary []
Wednesday, Indian shares opened higher despite mixed cues from global markets. At 10:03 a.m. IST, the Sensex was up 124 points at 19,252 and the broader Nifty was up 35 points at 5,732.

Malaysian Stocks Poised For Gain []
After finishing Tuesday's action essentially flat if slightly to the upside, global cues now point to Malaysia's Kuala Lumpur Composite Index to press firmly into positive territory when the market opens Wednesday.

BMO Capital Markets Economics Remarks US Factory Sector's Support Giving Way []
Jennifer Lee from BMO Capital Markets Economicscommented on Wednesday that the U.S. factory sector's support to the rest of the economy is slowly but surely giving way. She noted that durable goods orders dipped 0.4% in October, the third consecutive monthly drop and a move that was a little worse than expected (consensus was for a 0.1% fall).

U.S. Dollar Moving Higher Against Major Currencies [AUD/USD]
The U.S. dollar is moving to higher ground against a group of major world currencies. The greenback has pushed higher against the Canadian dollar, Australian dollar, New Zealand dollar and British pound

New Zealand Stocks Trade Weak []
Wednesday, shares in New Zealand opened lower and were trading weak. The benchmark NZX 50 Index was losing 35.92 points or 0.88% to 4,068.13, while the NZX All Capital Index was declining 33.70 points or 0.81% to 4,123.33.

Sterling Broadly Stronger Versus Majors As Risk Appetite Picks Up [GPB/USD]
The pound gained on its major counterparts Wednesday morning in New York, racing to near-term highs versus the euro and yen. The sterling snapped back from early weakness against the greenback after after a Fed official hinted at a December 11 interest rate cut.

Trading Likely To Be Range-bound On Mixed Global Cues; Volatility May Be High Ahead Of Nov. F&O Expiry - Indian Commentary []
Wednesday, Indian market is likely to trade in a range tracking mixed global cues. The U.S. stocks rallied overnight on the back of an announcement by the Abu Dhabi Investment Authority that it will inject US$7.5 billion into Citigroup, but the major stock markets across the Asia-Pacific region are trading weak on Wednesday.

Bay Street Stocks Look To Build On Gains From Previous Session Wednesday Morning - Canadian Commentary []

Bay Street Stocks Look To Build On Gains From Previous Session Wednesday Morning - Canadian Commentary []
Canadian stocks will look to extend their modest gains from the previous session on Wednesday as traders braced for guidance from the US, where key economic data could chart the course future Federal Reserve rate decisions.

European Markets Rise, Led By Banks - European Commentary []
The European markets rose the most in more than four years on Wednesday, as banking stocks rallied on hopes for another rate cut by the U.S. Federal Reserve following comments made by a top Fed official.

Euro Continues To Battle Back Versus Dollar [EUR/USD]
The euro has continued to charge back from significant early losses to the dollar Wednesday afternoon in New York, and was down only slightly from the previous session. The euro dropped to 1.4711 before dovish remarks from a Federal Reserve official sparked widespread selling of the greenback.

Japan Stocks Poised For Higher Move On Wall Street Lead, Citigroup Bail-Out []
The move by Abu Dhabi in the United Arab Emirates to infuse US$7.5 billion into troubled lender Citigroup sent stocks soaring on Wall Street on Tuesday, with carryover effects expected in Tokyo trading on Wednesday.

Yen Weakens Versus Majors As Risk Aversion Wanes [USD/JPY]
The recently resurgent yen came under heavy pressure versus its major counterparts Wednesday morning amid a revival of appetite for riskier, higher-yielding currencies.

BWS Suggests Wednesday That MRVL Could Be Considered As Buying Opportunity []
Hamed Khorsand from BWS Financial remarked on Wednesday morning that they do not consider the credit market turmoil to be a concern for the market today unless there is fresh news that would ignite fears. He noted that the Street is already aware of the problems hurting financials, but there is some calm due to capital being available for investment in banks on a moment's notice.

Dollar Pares Early Gains After Fed Seen Hinting At Rate Cut [EUR/USD]
The dollar gave back a portion of its early gains against other majors after Federal Reserve Vice Chairman Donald Kohn hinted that the Fed is leaning towards cutting its key interest rate. Kohn said in a speech Wednesday morning that US economic uncertainty was unusually high.

New Zealand Currency Rises Against Pound [GBP/NZD]
Versus the sterling, the New Zealand currency saw strength in action. By Wednesday's mid-day, the kiwi had risen to a mark of 2.6823 against the pound. Interest rates in Britain are likely to fall in next two years according to the Bank of England's deputy governor, Rachel Lomax.

Another Jittery Day For China Stocks []
The threat of further government tightening continues to hang over the China stock market as it prepares for Wednesday's action, mired in a two-day losing streak. The Shanghai Composite Index also has finished lower in seven of the last nine sessions, shedding more than 500 points in that span and now hitting a three-month low.

Dollar Sees Early Gains Versus Sterling Wiped Out After Fed Official Signals Fed May Ease [GPB/USD]

Dollar Sees Early Gains Versus Sterling Wiped Out After Fed Official Signals Fed May Ease [GPB/USD]
The dollar accelerated higher against the sterling in early dealing Wednesday but fell just as quickly after a Fed official signalled that the Fed may ease interest rates amid unusually uncertainty for US economy.

Thai Stocks Seen To Rebound []
After finishing lower on Tuesday, analysts are calling for the Stock Exchange of Thailand to bounce back Wednesday on positive global cues.

South Korean Market Declines []

South Korean Market Declines []
Wednesday, Seoul shares closed lower amid volatility. The key KOSPI index opened more than 1.0% higher, lifted by Wall Street's overnight rally. But the benchmark index fell 25.10 points or 1.4% to settle at 1,834.69.

Markets Open Lower On Weakness In Global Markets - Indian Commentary []
Tuesday, Indian shares opened sharply higher on the back of weak cues from global markets. At 10:05 a.m. IST, the Sensex was down 113 points at 19,135 and the broader Nifty was down 25 points at 5,706.

Japanese Market Slips After Opening Higher []
Wednesday, Tokyo shares opened higher following a rebound on Wall Street and a weaker yen. But soon lost ground and were trading in negative territory.

New Zealand Market Closes Lower []
Wednesday, Wellington shares fell despite positive lead from Wall Street. The NZX-50 benchmark index fell 0.8% or 33 points to 4,071.03 and the broader NZX All Capital index lost 9.4 points or 0.9% to end at 1,101.65.

Australian Shares Trade In Negative Terrain, Led By Resource Stocks []
Wednesday, Sydney shares were trading in negative territory, led by resource stocks, on the back of weaker metal and oil prices. The benchmark S&P/ASX 200 Index was losing 71.30 points or 1.11% to 6,361.40, while the All Ordinaries Index was declining 65.00 points or 1.00% to 6,428.60.

Asian Markets Closed Mixed Amid Underlying Bearish Sentiment - Asian Commentary []
Asian stock markets remained mixed Tuesday, with most bourses falling, following Wall Street's slump overnight amid renewed worries over worsening credit market crisis.

China Shares Close Lower On Wall Street Losses, PetroChina Slump []
Tuesday, Shanghai stocks closed sharply lower on the back of another Wall Street sell-off due to credit market worries. The benchmark Shanghai Composite Index closed down 97.74 points or 1.97% at 4,861.11, its lowest level since August 20.

Wall Street Looks To Rebound Tuesday Morning Ahead Of Consumer Confidence Report - US Commentary []
US stocks were set to bounce back from a sell-off in the previous session Tuesday morning as traders geared up for a report on consumer confidence at 10 am ET.

Rebound Unlikely For Hang Seng []
The modest, two-day winning streak is history, and analysts aren't calling for Hong Kong's Hang Seng Index to bounce back when the market kicks off trade on Wednesday.

Dow Posts Triple Digit Gain On Financials' Strength - U.S. Commentary []
Optimism generated from a considerable investment in recently battered Citigroup (C) is helping drive stocks to substantial gains on Tuesday, as investors hope it is a sign that major players in the global markets still see value in financials.

Stocks Nearly Unchanged In Early Trading - U.S. Commentary []

Stocks Nearly Unchanged In Early Trading - U.S. Commentary []
Stocks are turning in lackluster performances in early trading on Monday, as worries within the credit markets offset any optimism concerning holiday retail sales.

Stocks Poised For Gains - U.S. Commentary []
Wall Street is headed for a higher opening on Tuesday, as investors gain hope from news that recently battered Citigroup (C) has received a significant capital infusion from a Middle Eastern government.

Stocks Turning In Lackluster Performances - U.S. Commentary []
Stocks are turning in a lackluster performance on Monday, as worries concerning the credit markets offset any optimism generated by a strong start to the holiday shopping season.

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 []

European Markets Fall, Led By Commodities, Techs - European Commentary []

European Markets Fall, Led By Commodities, Techs - European Commentary []
The European markets fell on Tuesday, as mining and technology stocks declined on concern about a slowdown in the U.S. economy and heavily weighted energy stocks slipped on falling crude oil prices.

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.

Stocks Fall On Credit Concerns - U.S. Commentary []
Stocks have moved modestly to the downside on Monday, as negative news out of several financial institutions reinvigorates fears concerning the credit markets.

11/21/2007 12:28:42 PM While selling pressure has waned from earlier in the session, the U.S. stock markets continue to see significant weakness in early afternoon trading. Stocks have moved off their worst levels of the day but remain mostly negative. Lingering concerns about the outlook for the U.S. economy continue to contribute to the weakness in the markets, with some traders also worried about the potential economic impact of record high energy prices. At their lows for the session, the major averages were at their worst intraday levels in months, which inspired some traders to go bargain hunting. Nonetheless, buying interest has remained subdued, limiting the effectiveness of the recovery attempt. Trading activity is likely to remain relatively light throughout the remained of the trading session, as many traders are likely to look to get a head start on the Thanksgiving Day holiday. The lower volume could lead to increased volatility. The major averages have moved roughly sideways in recent trading, stuck firmly in negative territory. The Dow is currently down 142.01 at 12,868.13, the Nasdaq is down 35.54 at 2,561.27 and the S&P 500 is down 17.71 at 1,421.99. Sector News Housing stocks continue to see substantial weakness in early afternoon trading, resulting in a 3.4 percent loss by the Philadelphia Housing Sector Index. The loss extends a recent downward move by the index, which has fallen to a four-year intraday low. 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 concerns about the strength of the economy are also contributing to considerable weakness in the steel sector, as slower economic growth would likely reduce steel demand. The Amex Steel Index is currently down 3.4 percent after hitting a two-month intraday low. Significant weakness also remains visible in the wireless sector, as reflected by the 3.2 percent loss currently being shown by the Amex Wireless Index. Ericsson (ERIC) continues to turn in one of the sector's worst performances. A variety of sectors also continue to see notable weakness, although many of the major sector indices have moved well off their worst levels of the day. Some brokerage, gold, and semiconductor stocks are posting steep losses. On the other hand, the airline sector has staged a substantial turnaround over the course of the trading session, with the Amex Airline Index currently posting a modest gain after falling as much as 4.3 percent earlier in the session. The turnaround by airline stocks comes as the price of oil has turned lower after reaching a record high earlier in the session. After reaching a high of $99.29 a barrel, crude for January delivery is currently down $1.13 at $69.90 a barrel. The decrease currently being shown by the price of oil comes even though a report from the Energy Department showed an unexpected drop in crude oil inventories. The report also showed a steep drop in stockpiles of distillate fuels, which include heating oil. Stocks In The News Among individual stocks, shares of Hot Topic (HOTT) are seeing significant weakness in early afternoon trading, with the teen apparel retailer currently down 5.5 percent after hitting its worst intraday level in almost seven years. The loss by Hot Topic comes after the company reported third quarter earnings that fell year-over-year, although they came in line with analyst estimates. Looking ahead, the company reaffirmed its fourth quarter earnings estimate. Shares of Hibbett Sports (HIBB) have also come under pressure after the sporting goods retailer reported lower third quarter earnings and forecast fourth quarter earnings towards the low end of analyst estimates. Hibbett is currently down 5.8 percent after setting a two-year intraday low. On the other hand, shares of Pacific Sunwear (PSUN) have turned higher over the course of the session after the apparel retailer reported adjusted third quarter earnings that beat analyst estimates. After moving lower in early trading, Pacific Sunwear is currently up 5.7 percent. Other Markets Asian stocks saw substantial weakness during trading on Wednesday, as traders worried that a slowdown in the U.S. economy could negatively impact exporters in the region. Japan's Nikkei 225 Index showed a steep decline, ending the session at its worst closing level in over a year. Concerns about the strength of the U.S. economy also contributed to weakness among European stocks, which more than offset the gains that were posted in the previous session. After ending Tuesday's trading up 1.7 percent, the U.K.'s FTSE 100 Index closed down 2.5 percent. Meanwhile, treasuries have benefited from the weakness in the stock markets, as traders move their money out of stocks and into bonds. The treasury yields have subsequently moved sharply lower, with the benchmark 10-year treasury yield currently down 4.5 basis points at 4.009 percent.
Credit Concerns Weigh On The Markets - U.S. Commentary []

11/21/2007 11:28:53 AM After seeing some volatility in the previous session, stocks have moved sharply lower over the course of morning trading on Wednesday. The major averages have all moved firmly into negative territory after ending Tuesday's trading modestly higher. The downward move reflects broad based weakness, with considerable weakness visible in the steel, wireless, and airline sectors. Concerns about the outlook for the economy and the impact of record high oil prices are contributing to the weakness in the markets. It is worth noting, however, that the downward move may be somewhat exaggerated, as many traders are away from their desks, looking to get a head start on the Thanksgiving Day holiday. In recent trading, the major averages have moved well off their lows for the session, but they currently continue to post steep losses. The Dow is currently down 140.06 at 12,870.08, the Nasdaq is down 40.11 at 2,556.70 and the S&P 500 is down 18.83 at 1,420.87.
Stocks Regain Some Ground But Show Continued 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).

Malaysian Stocks Poised For Gain []
After finishing Tuesday's action essentially flat if slightly to the upside, global cues now point to Malaysia's Kuala Lumpur Composite Index to press firmly into positive territory when the market opens Wednesday.

Wall Street Looks To Rebound Tuesday Morning Ahead Of Consumer Confidence Report - US Commentary []
US stocks were set to bounce back from a sell-off in the previous session Tuesday morning as traders geared up for a report on consumer confidence at 10 am ET.

Stocks Fall Off Intraday Highs - U.S. Commentary []
Stocks have pulled back off of their intraday highs in afternoon trading on Tuesday but continue to post substantial gains due to a large foreign investment in America's battered financial markets.

Tuesday, November 27, 2007

Hang Seng Decline Expected []

Hang Seng Decline Expected []
The Hong Kong stock market put on more than a thousand points Monday, and analysts find it likely that the Hang Seng Index could give it all right back when the market kicks off trade on Tuesday.

Malaysian Stocks Seen To Decline []
The winning streak has been extended to two sessions for Malaysia's Kuala Lumpur Composite Index, but analysts are calling for the market to follow global cures to the downside when it kicks off trade on Tuesday.

Japanese Market Ends Higher On Citigroup Capital Ijection News []
Tuesday, Tokyo shares recovered from early sharp losses to close higher on news that Citigroup would get new capital. The Abu Dhabi Investment Authority would invest US$7.5 billion in Citigroup.

Markets Open Lower On Weakness In Global Markets - Indian Commentary []

Markets Open Lower On Weakness In Global Markets - Indian Commentary []
Tuesday, Indian shares opened sharply higher on the back of weak cues from global markets. At 10:05 a.m. IST, the Sensex was down 113 points at 19,135 and the broader Nifty was down 25 points at 5,706.

Australian Market Surges On Strong Metal Prices, Positive Lead From Wall Street []
Monday, Sydney shares surged on the back of strong metal prices, a solid lead from Wall Street and on takeover speculation among the big miners. The benchmark S&P/ASX 200 index closed up 141.2 points or 2.2% at 6,471.4, while the broader-based All Ordinaries index advanced 140.8 points or 2.2% to end at 6,533.2.

Indian Rupee Touches 1-month Low Against Greenback [USD/INR]

Indian Rupee Touches 1-month Low Against Greenback [USD/INR]
The Indian rupee edged down against the US dollar in the early Asian deals on Tuesday. The dollar-rupee pair that closed yesterday's deals at 39.59 hit 39.9050 at about 10:35 pm Eastern Time. This marked a 1-month low for the Indian rupee. Thereafter, the pair showed a choppy trend and is now worth 39.86.

Australian Stocks Look To Build On Gains []
Australian shares look to add to their upward momentum on Tuesday, albeit with a sharp negative lead-in from Wall Street.

Swiss Franc Higher Against Majors Amid Swiss UBS Consumption Indicator []
Amid the release of the Swiss UBS Consumption Indicator data for the month of October, the franc gained against its major counterparts. As of 4.05am ET, the franc was worth 1.1012 against the dollar, 1.6328 against the euro, 2.2792 versus the sterling and 98.25 versus the yen

Franc Down Versus Majors Amid Swiss Economic Data [CHF]
Following the release of Swiss October producer and import prices data, the franc declined against its major counterparts. As of 3:15 am ET, the Swiss unit was worth 1.1013 against the dollar, 1.6337 versus the euro, 2.2795 against the pound and 98.15 versus the yen.

Swiss Franc Mixed In Trading Against Majors [CHF]
The Swiss franc was mixed against its major counterparts during the European session on Tuesday. The franc gained versus the euro, but it slipped against the rest of majors.

Dollar Rallies Against Swedish Currency [USD/SEK]
The US dollar rallied against the Swedish Krona in European trading on Tuesday. Reversing today's early Asian trend, the US dollar fell to a new multi-year low of 6.2168 against the Swedish currency by about 10:40 pm ET Monday. The greenback then moved up and reached as high as 6.2823 by about 3:35 am ET.

Japanese Market Closes Sharply Higher []
Monday, Tokyo shares closed sharply higher on bargain hunting following recent declines and a news report that China may invest in Japanese equities. The benchmark 225-issue Nikkei index gained 246.44 points or 1.66% to settle at 15,135.21. The broader Topix index of all First Section issues on the Tokyo Stock Exchange added 29.65 points or 2.06% to finish at 1,467.03.

Stocks Poised For A Modestly Higher Opening - U.S. Commentary []
Wall Street is headed for a higher opening on Monday, as investors find optimism in strong retail sales to kick off the holiday shopping season.

KOSPI Seen To Follow Region South []
The South Korean stock market emphatically snapped a seven-day losing streak on Monday - but the celebrations are now mute as investors are looking for the KOSPI's tumble to resume on global cues when the market opens on Tuesday.

Stocks Turning In Lackluster Performances - U.S. Commentary []
Stocks are turning in a lackluster performance on Monday, as worries concerning the credit markets offset any optimism generated by a strong start to the holiday shopping season.

Markets Likely To Open Higher On Strong Cues From Global Peers - Indian Commentary []

Markets Likely To Open Higher On Strong Cues From Global Peers - Indian Commentary []
Global cues are pointing towards a higher opening for the Indian markets on Monday. The U.S. stocks surged on Friday amid bargain hunting and expectation of better sales during the holiday season and the major stock markets across the Asia-Pacific region are sharply higher on Monday.

Australian Stocks Slide Following Negative Wall Street Lead []
Tuesday, Sydney stocks were trading in negative territory, tracking the weak lead from Wall Street amid rising investor concern about mortgage defaults. Banking stocks led the decline on renewed credit concerns, while lower oil and mixed base metal prices weighed on resource stocks.

Monday, November 26, 2007

Japanese Market Closes Sharply Higher []

Japanese Market Closes Sharply Higher []
Monday, Tokyo shares closed sharply higher on bargain hunting following recent declines and a news report that China may invest in Japanese equities. The benchmark 225-issue Nikkei index gained 246.44 points or 1.66% to settle at 15,135.21. The broader Topix index of all First Section issues on the Tokyo Stock Exchange added 29.65 points or 2.06% to finish at 1,467.03.

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.

Stocks Fall On Renewed U.S. Subprime Credit Concerns - Asian Commentary []
Tuesday, stock markets across the Asia-Pacific region were trading sharply lower after the U.S. stocks tumbled Monday on renewed subprime credit concerns.

Stocks Rise On Wall Street Rebound - Asian Commentary []
Monday, stock markets across the Asia-Pacific region opened on a strong note after the U.S. stocks rallied on Friday amid bargain hunting and optimism for a strong holiday shopping season. Higher commodity prices and a pause in the yen's gains also boosted market sentiment.

Stocks Poised For A Modestly Higher Opening - U.S. Commentary []
Wall Street is headed for a higher opening on Monday, as investors find optimism in strong retail sales to kick off the holiday shopping season.

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.

New Zealand Stocks In Quiet Pre-Holiday Trend []
New Zealand stocks have begun the pre-holiday season in quiet fashion, while facing another negative lead from Wall Street for Tuesday's session

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.

Swiss Currency Edges Up Against Yen [CHF/JPY]

Swiss Currency Edges Up Against Yen [CHF/JPY]
The Swiss currency edged up against its Japanese rival in trading on Monday morning. The franc rose to 98.26 against the yen in the early hours and held near that mark as action moved past 8:45AM EST. Overnight in Japan, the 225-issue Nikkei index gained 246.44 points or 1.66% to settle at 15,135.21.

Franc Moves Little Versus Dollar Monday Morning [USD/CHF]
The Swiss currency was mixed against its American counterpart in trading on Monday morning. The franc bounced between a high of 1.0990 and a low of 1.1060 as action progressed. The pair moved ahead of data due out later in the US. Wednesday, a report on Durable Goods orders for October will give investors a glimpse at the health of manufacturing.

Pound Drops Against U.S. Dollar [GBP/USD]
The British pound sterling is losing ground to the U.S. dollar. The pair is trading in New York at 2.0690, sustaiing a drop for the pound that began at approximately 3 PM Eastern Time.

Kiwi Drifts Lower Against US Dollar Monday Afternoon [NZD/USD]
The New Zealand dollar continued to drift to the downside against its counterpart from the US Monday afternoon, extending its declines from earlier in the session. The kiwi slipped to .7532 by 2 pm ET, down from an overnight high of .7628. The pair has been bouncing back and forth for the better part of two weeks.

Stocks Turning In Lackluster Performances - U.S. Commentary []
Stocks are turning in a lackluster performance on Monday, as worries concerning the credit markets offset any optimism generated by a strong start to the holiday shopping season.

Dollar Slumps Along With Wall Street Stocks Monday Afternoon [EUR/USD]
The dollar slumped in afternoon dealing versus its major counterparts on Monday amid ongoing concerns about the health of the housing and financial sectors. Wall Street stocks turned negative over the course of the day, with concerns about the fallout from the recent credit crunch offsetting encouraging signs from the retail holiday shopping period.

Sterling Firms Up Versus Majors Monday Morning [GPB/USD]
The sterling gained on the dollar and euro in Monday's early dealing before levelling off before the opening bell on Wall Street. The sterling benefited from some increased risk appetite after Asian stocks rose, signalling that emerging markets may be more insulated from US weakness than previously thought.

Canadian Dollar Unable To Sustain Early Gains Versus Greenback [USD/CAD]
The Canadian dollar gave back its early gains versus its US counterpart in Monday's mid-morning dealing. After a volatile month that saw the loonie surge to a record high near the 90 cent mark only to give back almost 9 cents in mid-November trading, the pair has seen little movement over the past week.

Wall Street Tumbles On Renewed Credit Concerns - U.S. Commentary []
Wall Street experienced a broad based sell-off on Monday, as fears concerning the credit market drove financial and housing stocks to sharp losses.

Dollar Falls Further [USD]
The US dollar moved out of its recent range against the European majors, and by about 6:30 am ET, the currency weakened to 1.0992 versus the franc, 1.4885 against the euro and to 2.0720 against the sterling.

Markets Likely To Open Higher On Strong Cues From Global Peers - Indian Commentary []

Markets Likely To Open Higher On Strong Cues From Global Peers - Indian Commentary []
Global cues are pointing towards a higher opening for the Indian markets on Monday. The U.S. stocks surged on Friday amid bargain hunting and expectation of better sales during the holiday season and the major stock markets across the Asia-Pacific region are sharply higher on Monday.

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.

European Markets Rise, Led By Drugmakers - European Commentary []
The European markets rose on Thursday, helped by a rally among pharmaceutical stocks following a broker upgrade of the sector. Air France-KLM led airline stocks higher after reporting forecast-beating second quarter earnings.

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.

Malaysian Stocks Look To Extend Gains []
After snapping a five-session losing streak on Friday, investors in the Malaysian stock market are looking for consistent upward growth when the Kuala Lumpur Composite Index opens on Monday.

Australian Market Ends Lower For Fourth Consecutive Session []
Friday, Sydney shares closed lower for the fourth consecutive session led by banking and resources stocks. Trading was subdued due to the Thanksgiving holiday in the United States and ahead of tomorrow's federal election.

New Zealand Shares Seek Sense Of Direction []
New Zealand shares come off a quiet week of trading in search of direction on Monday

Japanese Market Closes Sharply Higher []

Japanese Market Closes Sharply Higher []
Monday, Tokyo shares closed sharply higher on bargain hunting following recent declines and a news report that China may invest in Japanese equities. The benchmark 225-issue Nikkei index gained 246.44 points or 1.66% to settle at 15,135.21. The broader Topix index of all First Section issues on the Tokyo Stock Exchange added 29.65 points or 2.06% to finish at 1,467.03.

Swiss Franc Mostly Choppy Monday Morning [USD/CHF]
The Swiss currency was mostly mixed in trading against its world counterparts on Monday morning in New York. The franc moved with little economic news from the area to guide direction.

Japan Shares Look To Higher Open Off Holiday Sales, Wall Street Lead []
Japan stock traders have an eye on retail sales figures and Wall Street's steep gains on Friday, as trading in Tokyo opens after a long holiday weekend.

Japanese Market Closes Sharply Higher []

Japanese Market Closes Sharply Higher []
Monday, Tokyo shares closed sharply higher on bargain hunting following recent declines and a news report that China may invest in Japanese equities. The benchmark 225-issue Nikkei index gained 246.44 points or 1.66% to settle at 15,135.21. The broader Topix index of all First Section issues on the Tokyo Stock Exchange added 29.65 points or 2.06% to finish at 1,467.03.

New Zealand Dollar Mixed Against Majors [NZD]

New Zealand Dollar Mixed Against Majors [NZD]
Monday morning in Asia, the New Zealand dollar showed a mixed performance against its major counterparts. While the kiwi strengthened against the euro and the yen, it declined versus the aussie. Against the US currency, the kiwi moved sideways.

Australian Dollar Strengthens Against Majors [AUD]
In the Asian deals on Monday, the Australian dollar showed strength against its major counterparts.

KOSPI Looks To Snap Skid []
The South Korean stock market will try again to halt a losing streak that now has stretched to seven sessions when the KOSPI kicks off trade on Monday.

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.

New Zealand Stocks Trade Mixed []
Friday, New Zealand stocks were trading mixed. The benchmark NZX 50 Index was losing 0.40 points or 0.01% to 4,053.81, while the NZX All Capital Index was adding 1.33 points or 0.03% to 4,114.16.

Sunday, November 25, 2007

European Markets Rise, Led By Oils, Miners - European Commentary []

European Markets Rise, Led By Oils, Miners - European Commentary []
The European markets rose on Tuesday, as energy and mining stocks rallied on rising crude oil and copper prices.

European Markets Rise On Strong Earnings, Commodities - European Commentary []
The European markets rose for the third consecutive day on Wednesday, as strong earnings from companies such as HSBC, ArcelorMittal, Hochtief and Q-Cells lifted investor sentiments and rising crude oil and copper prices boosted energy and mining stocks.

Asian Markets Trade Mixed; Hong Kong Rebounds []
Stock markets across the Asia-Pacific region were trading mixed on Friday in the morning session. There was no lead from the U.S. as the market was closed for a public holiday and the Japanese market remained closed on Friday. Crude prices continued to hover around recent record high levels.

British Pound Gains Against Majors [GBP]
The British pound gained ground against the other major currencies during the early Asian session on Monday. The pound-dollar pair rose to 2.0647, compared to 2.0629 late Friday in New York.

European Markets Rise, Led By Drugmakers - European Commentary []
The European markets rose on Thursday, helped by a rally among pharmaceutical stocks following a broker upgrade of the sector. Air France-KLM led airline stocks higher after reporting forecast-beating second quarter earnings.

Markets Open On Strong Note Tracking Global Cues - Indian Commentary []
Monday, Indian shares opened sharply higher on the back of positive cues from global markets. At 10:04 a.m. IST, the Sensex was up 392 points at 19,245 and the broader Nifty was up 112 points at 5,721.

South Korean Won Hits 5-day High Against Dollar [USD/KRW]
Monday morning in Asia, the South Korean Won advanced versus the US dollar. The dollar-won pair, which closed its Friday's deals at 930.75, moved to 927.05 at about 10:00 pm Eastern Time. This set a 5-day high for the won. Currently, the pair is worth 927.95.

Australian Market Rises Sharply On Firmer Commodity Prices, Positive Lead From U.S. []
Monday, Sydney shares were trading higher on firmer commodity prices and a positive lead from the U.S. Additionally, a decisive win by the Australian Labor Party on Saturday led by Prime Minister elect Kevin Rudd, ending more than 11 years of rule by the conservative government of John Howard, cleared uncertainty about the nation's future leadership.

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.

Australian Shares Poised For Higher Open []
Australian stocks are poised for a rebound on Monday with the mining and banking sectors leading the way.

11/21/2007 8:57:02 AM After ending the previous session higher, stocks are likely to pullback sharply in early trading on Wednesday, with the major U.S. index futures indicating a significantly lower open for the markets. Nonetheless, trading activity is likely to be somewhat subdued ahead of the Thanksgiving Day holiday. The downward momentum for the markets is partly due to significant weakness in the overseas markets, which comes amid some concerns about the outlook for the U.S. economy and the potential global impact of a recession in the U.S. Asian stocks saw substantial weakness after turning in a mixed performance in the previous session, with Japan's Nikkei 225 Index closing down 2.5 percent. With the loss, the index fell to its lowest closing level since July of 2006. The European markets have also come under pressure after seeing some strength on Tuesday, as traders worry about weakness in the U.S. economy and the increasing value of the Euro. The U.K.'s FTSE 100 Index is currently down 1.5 percent. Some selling pressure has also been generated by a continued increase by the price of oil, which is once again climbing near the $100 a barrel level. In early trading, crude for January delivery is currently up $0.58 at $98.61 a barrel. On the economic front, the Labor Department released its report on initial jobless claims in the week ended November 17, showing that jobless claims fell to 330,000 from the previous week's revised figure of 341,000. After the start of trading, the Conference Board is due to release its report on leading economic indicators in the month of October, while reports on November consumer sentiment and weekly oil inventories are also due to be released. Among individual stocks, shares of Limited Brands (LTD) are likely to come under pressure after the apparel retailer reported third quarter earnings that fell year-over-year. The company also lowered its fourth quarter same-store sales outlook and forecast weaker than expected earnings for the quarter. Gymboree (GYMB) could also see some early weakness after the children's apparel retailer forecast fourth quarter and full year earnings below analyst estimates. The company also reported third quarter sales that came in below expectations. On the other hand, shares of MeadWestvaco (MWV) could move to the upside after the packaging manufacturer said that it has entered into an agreement to repurchase $400 million of its common stock from Goldman Sachs (GS).

11/21/2007 8:57:02 AM After ending the previous session higher, stocks are likely to pullback sharply in early trading on Wednesday, with the major U.S. index futures indicating a significantly lower open for the markets. Nonetheless, trading activity is likely to be somewhat subdued ahead of the Thanksgiving Day holiday. The downward momentum for the markets is partly due to significant weakness in the overseas markets, which comes amid some concerns about the outlook for the U.S. economy and the potential global impact of a recession in the U.S. Asian stocks saw substantial weakness after turning in a mixed performance in the previous session, with Japan's Nikkei 225 Index closing down 2.5 percent. With the loss, the index fell to its lowest closing level since July of 2006. The European markets have also come under pressure after seeing some strength on Tuesday, as traders worry about weakness in the U.S. economy and the increasing value of the Euro. The U.K.'s FTSE 100 Index is currently down 1.5 percent. Some selling pressure has also been generated by a continued increase by the price of oil, which is once again climbing near the $100 a barrel level. In early trading, crude for January delivery is currently up $0.58 at $98.61 a barrel. On the economic front, the Labor Department released its report on initial jobless claims in the week ended November 17, showing that jobless claims fell to 330,000 from the previous week's revised figure of 341,000. After the start of trading, the Conference Board is due to release its report on leading economic indicators in the month of October, while reports on November consumer sentiment and weekly oil inventories are also due to be released. Among individual stocks, shares of Limited Brands (LTD) are likely to come under pressure after the apparel retailer reported third quarter earnings that fell year-over-year. The company also lowered its fourth quarter same-store sales outlook and forecast weaker than expected earnings for the quarter. Gymboree (GYMB) could also see some early weakness after the children's apparel retailer forecast fourth quarter and full year earnings below analyst estimates. The company also reported third quarter sales that came in below expectations. On the other hand, shares of MeadWestvaco (MWV) could move to the upside after the packaging manufacturer said that it has entered into an agreement to repurchase $400 million of its common stock from Goldman Sachs (GS).
Stocks Fall Sharply At The Start Of Trading - U.S. Commentary []

US Stocks Set To Bounce Back Tuesday, HP Results Could Revive Techs []

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 Seeing Significant Weakness In Late-Morning Trading - U.S. Commentary []

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.

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 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.

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).

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.

Quiet Day For China Shares []

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.

Trading Likely To Be Range Bound On Back Of Mixed Cues From Asian Markets - Indian Commentary []
The Indian market is likely trade in a range Friday, after the late pullback that was witnessed on Thursday, tracking mixed cues from Asian peers. The U.S. markets were closed on Thursday on account of Thanksgiving holiday. Additionally, crude prices continue to remain near recent record highs.

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.

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.

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.

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.

11/21/2007 8:57:02 AM After ending the previous session higher, stocks are likely to pullback sharply in early trading on Wednesday, with the major U.S. index futures indicating a significantly lower open for the markets. Nonetheless, trading activity is likely to be somewhat subdued ahead of the Thanksgiving Day holiday. The downward momentum for the markets is partly due to significant weakness in the overseas markets, which comes amid some concerns about the outlook for the U.S. economy and the potential global impact of a recession in the U.S. Asian stocks saw substantial weakness after turning in a mixed performance in the previous session, with Japan's Nikkei 225 Index closing down 2.5 percent. With the loss, the index fell to its lowest closing level since July of 2006. The European markets have also come under pressure after seeing some strength on Tuesday, as traders worry about weakness in the U.S. economy and the increasing value of the Euro. The U.K.'s FTSE 100 Index is currently down 1.5 percent. Some selling pressure has also been generated by a continued increase by the price of oil, which is once again climbing near the $100 a barrel level. In early trading, crude for January delivery is currently up $0.58 at $98.61 a barrel. On the economic front, the Labor Department released its report on initial jobless claims in the week ended November 17, showing that jobless claims fell to 330,000 from the previous week's revised figure of 341,000. After the start of trading, the Conference Board is due to release its report on leading economic indicators in the month of October, while reports on November consumer sentiment and weekly oil inventories are also due to be released. Among individual stocks, shares of Limited Brands (LTD) are likely to come under pressure after the apparel retailer reported third quarter earnings that fell year-over-year. The company also lowered its fourth quarter same-store sales outlook and forecast weaker than expected earnings for the quarter. Gymboree (GYMB) could also see some early weakness after the children's apparel retailer forecast fourth quarter and full year earnings below analyst estimates. The company also reported third quarter sales that came in below expectations. On the other hand, shares of MeadWestvaco (MWV) could move to the upside after the packaging manufacturer said that it has entered into an agreement to repurchase $400 million of its common stock from Goldman Sachs (GS).
Stocks Fall Sharply At The Start Of Trading - U.S. Commentary []

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.

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.

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.

New Zealand Stocks Trade Mixed []
Friday, New Zealand stocks were trading mixed. The benchmark NZX 50 Index was losing 0.40 points or 0.01% to 4,053.81, while the NZX All Capital Index was adding 1.33 points or 0.03% to 4,114.16.

South Korean Market Closes Lower []
Friday, Seoul shares closed lower, amid volatility, but off day's lows. Though the market opened higher on bargain hunting, it could not sustain at higher levels as fresh selling emerged. The market has finished in the red for the seventh straight session.

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.

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