European Markets Fall On Economic Worries - European Commentary []

European Markets Fall On Economic Worries - European Commentary []
The European markets fell on Monday, as investors were concerned that faster inflation and continued credit market turmoil would hurt economic growth. Banking and mining stocks were among the hardest hit.

Dollar Eases To Euro But Surges High Versus Yen As Global Stocks Snap Back [EUR/USD]
The dollar eased versus the euro but broke out to the upside versus the yen on Friday as global stocks snapped out of their recent doldrums. Traders also considered data on personal spending and income for November.

Stocks Moving Modestly Higher In The Mid-Morning - U.S. Commentary []
While buying interest has remained relatively subdued, the U.S. stock markets have moved modestly higher over the course of morning trading on Wednesday. The major averages have all climbed above the unchanged line, adding to the gains that were posted in the previous session.

Stocks Could See Further Upside In Early Trading - U.S. Commentary []
Stocks are likely to see some strength in early trading on Friday, with the major U.S. index futures indicating a higher open for the markets. Nonetheless, trading activity may remain somewhat subdued ahead of the holiday next week.

Stocks Nearly Flat In The Late Morning - U.S. Commentary []
With little economic data to spur the markets, stocks are turning in a relatively flat day in late-morning trading on Wednesday.

Global Insight Examines Recent Personal Spending Data []
Global Insight U.S. Economist Nigel Gault commented on Friday that despite high energy prices, falling home values, and a softening labor market, consumers have still been spending during the fourth quarter. He noted that real consumer spending is on track to roughly match the 2.8% pace in the third quarter (even assuming a soft December).

Investors Eye Central Bank Plans, Rise In Oil Ahead Of Thursday Trading - European Commentary []
European investors will be digesting Wednesday's news regarding the dramatic initiative unveiled by a coalition of central banks to jointly increase liquidity in global credit markets. The announcement saw the Federal Reserve, the ECB and other banks offer discounted rates to loan cash to private banks.

Stocks Turning In A Strong Performance In Morning Trading - U.S. Commentary []

Stocks Turning In A Strong Performance In Morning Trading - U.S. Commentary []
Stocks opened higher on Friday, and they continue to turn in a strong performance in morning trading after ending the previous session mostly higher. Tech stocks are posting particularly strong gains, buoyed by positive earnings reported by Research In Motion (RIMM).

Pound Battles Back After Hitting All-time Low Versus Euro []
The sterling snapped back versus the euro Friday afternoon after hitting a record low earlier in the session. Amid speculation that the Bank of England would further cut interest rates next year, the sterling fell to an all-time low of .7256 just after 10 am ET.

Global Insight Examines Recent Personal Spending Data []
Global Insight U.S. Economist Nigel Gault commented on Friday that despite high energy prices, falling home values, and a softening labor market, consumers have still been spending during the fourth quarter. He noted that real consumer spending is on track to roughly match the 2.8% pace in the third quarter (even assuming a soft December).

Stocks Continue To Turn In A Mixed Performance - U.S. Commentary []
The U.S. stocks markets remain mixed in early-afternoon trading on Thursday, as the Dow and S&P 500 are lingering in negative territory while the Nasdaq remains above the unchanged line. Investors continue to worry about problems within the financial sector after mixed earnings were reported earlier in the day.

US Stocks Poised To Rally At The Open Friday Morning []
US stocks were set for a sharply higher open Friday morning in New York, with investors encouraged by a sudden flurry of deal making ahead of November's reading of personal income and spending.

Pound Battles Back After Hitting All-time Low Versus Euro []

Pound Battles Back After Hitting All-time Low Versus Euro []
The sterling snapped back versus the euro Friday afternoon after hitting a record low earlier in the session. Amid speculation that the Bank of England would further cut interest rates next year, the sterling fell to an all-time low of .7256 just after 10 am ET.

China Stocks Close Sharply Higher, Led By Large Caps []
Thursday, Shanghai shares closed sharply higher for a second straight session, buoyed by large caps like PetroChina. The benchmark Shanghai Composite Index closed up 101.75 points or 2.06% at 5,043.54.

Sterling Falls To Record Low Versus Euro [EUR/GBP]
The sterling fell to a record low against the euro Friday morning in New York, slipping to .7256 shortly after 10 am ET. The sterling has plunged against the euro this week amid expectations that the Bank of England will further cut interest rates.

Japanese Market Gains On Bargain Hunting []
Friday, Tokyo shares closed sharply higher, on bargain hunting, after briefly dipping below the psychologically important 15,000 level in early trade. Further, a report on a capital injection into Merrill Lynch and firmer Asian equities boosted investor sentiment.

Euro Soars To All-Time High Versus Sterling, Steadies Versus Dollar [EUR/USD]
The euro hit an all-time peak versus the sterling and steadied versus the dollar Friday morning in New York. The euro also hit a weekly high versus the yen in relatively subdued dealing ahead of the Christmas holiday.

Stocks Could See Further Upside In Early Trading - U.S. Commentary []
Stocks are likely to see some strength in early trading on Friday, with the major U.S. index futures indicating a higher open for the markets. Nonetheless, trading activity may remain somewhat subdued ahead of the holiday next week.

Futures Indicate Higher Opens For European Shares As Mergers, Economic Data Dominate News - European Commentary []

Futures Indicate Higher Opens For European Shares As Mergers, Economic Data Dominate News - European Commentary []
European indices are looking at a higher opening following an overnight rally in Asian equity markets.

Yen Drops Against Major Counterparts [USD/JPY]
The yen performed weakly versus the other major currencies on Friday morning in New York.

Significant Strength Remains Visible On Wall Street - U.S. Commentary []
With traders reacting positively to recent earnings news, stocks have remained firmly in positive territory on Friday. The major averages have been trading in a range close to their highs, buoyed by strong earnings by Research In Motion (RIMM) and a report that Merrill Lynch (MER) might get a cash infusion.

European Markets Rise On New Fed Plan - European Commentary []
The European markets rose on Wednesday after the U.S. Federal Reserve announced a plan to work with other central banks to ease tight conditions in credit markets.

European Markets Rise, Led By Banks, Oils - European Commentary []
The European markets rose on Friday, as banking stocks advanced on news of Goldman Sachs upgrade to Citigroup's debt following the U.S. bank's decision to consolidate its structured investment vehicles. A rally among energy and utility stocks lent support to the markets.

Stocks Facing Headwinds Wednesday Morning Ahead Of Fed Special Auctions Results []
US stocks were set to open lower Wednesday morning as the Federal Reserve prepares to release the results of Monday's 20 billion dollar auction.

Dollar Weakens Against Majors Amid PCE Data [EUR/USD]
The US Department of Commerce released its report on personal income and spending in the month of November at 8:30 am ET. The report revealed that the Personal Income increased 0.4% and Consumer Spending up 1.1%in November. Amid the data, the US dollar moved down against its major counterparts.

Investors Eye Central Bank Plans, Rise In Oil Ahead Of Thursday Trading - European Commentary []
European investors will be digesting Wednesday's news regarding the dramatic initiative unveiled by a coalition of central banks to jointly increase liquidity in global credit markets. The announcement saw the Federal Reserve, the ECB and other banks offer discounted rates to loan cash to private banks.

Dollar Eases To Euro But Surges High Versus Yen As Global Stocks Snap Back [EUR/USD]
The dollar eased versus the euro but broke out to the upside versus the yen on Friday as global stocks snapped out of their recent doldrums. Traders also considered data on personal spending and income for November.

Stocks May Move Higher On Positive Earnings News - U.S. Commentary []
After turning in a mixed performance in the previous session, stocks may move higher in early trading on Thursday. The major U.S. index futures are indicating a higher open for the markets, although buying interest may remain somewhat subdued.

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

European Markets Rise, Led By Miners, Automakers - European Commentary []
The European markets rose on Friday, as mining stocks rallied on rising copper prices and BMW led automotive stocks higher after saying it will cut jobs to boost profit.

US Stocks On Pause Thursday Morning Ahead Of Economic Data, Bear Stearns Results []
US stocks were looking for direction Thursday morning ahead of a slew of economic data and highly anticipated earnings results from Bear Stearns.

Japanese Stocks Trade Mixed; Tech, Auto Stocks Gain []
Friday, Tokyo shares were mixed in early trade after Wall Street finished up Thursday on strong profits from Oracle. At 10:33 a.m. local time, the key Nikkei 225 Index was up 70.24 points at 15,101.84, but the broader-based Topix Index of all the First Section issues on the Tokyo Stock Exchange was down 1.10 points at 1,456.46.

Australian Market Closes In Red For Seventh Straight Session []
Thursday, after opening on a firm note Sydney shares lost ground in mid-morning trade and eventually ended in the negative territory for the seventh straight session amid expiry of December futures contracts and a weak lead from Wall Street. The benchmark S&P/ASX 200 Index closed down 39.5 points or 0.6% at 6,176.9 and the broader-based All Ordinaries Index lost 36.0 points or 0.6% to finish at 6,244.8.

European Markets Fall On Trichet Comments - European Commentary []
The European markets fell for the consecutive third day on Wednesday after European Central Bank President Jean-Claude Trichet signaled that faster inflation will prevent policy makers from cutting interest rates to ease the continuing crunch in the credit markets.

Australian Market Rebounds, Led By Banks []
Friday, Sydney shares were trading higher in the morning session, reversing a seven-day losing streak. At 11:51 a.m. local time, the benchmark S&P/ASX 200 Index was up 36.1 points or 0.6% at 6,213.0 and the broader-based All Ordinaries Index was adding 32.5 points or 0.5% to 6,277.3.

Euro Higher Ahead Of German Import Price Index Data [EUR/USD]

Euro Higher Ahead Of German Import Price Index Data [EUR/USD]
Ahead of the release of German import price index data for the month of November, the euro gained against its major counterparts. At about 1:55 am ET, the euro was trading near 0.7240 against the pound, 1.4391 versus the US dollar, 1.6613 against the franc and 162.61 versus the yen.

Greenback Declines Against East European Currencies [USD/SKK]
During the early deals on Friday, the US currency showed weakness against the east European currencies. The greenback touched 2-day lows against most of these currencies.

Singapore Dollar Hits 3-day High Against Greenback [USD/SGD]
After a brief slide, the Singapore dollar trended higher versus the US currency in the early deals on Friday. The Singapore dollar thus gained from 1.4618 to 1.4564 at about 3:05 am ET. This set a 3-day high for the Singapore currency. The pair, which closed its yesterday's deals at 1.4601, is now worth 1.4571.

European Markets Fall On Trichet Comments - European Commentary []
The European markets fell for the consecutive third day on Wednesday after European Central Bank President Jean-Claude Trichet signaled that faster inflation will prevent policy makers from cutting interest rates to ease the continuing crunch in the credit markets.

European Markets End Lower On Goldman Sachs Caution - European Commentary []
The European markets closed lower on Tuesday after Wall Street brokerage Goldman Sachs cautioned that markets will remain challenging in the near future. The comments from the world's largest securities firm erased earlier gains following the European Central Bank's issuance of an unprecedented $500 billion in loans as part of a global effort to ease credit-market gridlock.

Dollar Higher Versus Yen, Drops Against Other Majors [EUR/USD]

Dollar Higher Versus Yen, Drops Against Other Majors [EUR/USD]
Friday morning in Asia, the US dollar strengthened against the yen, but it edged down versus the rest of majors.

Stocks Close Sharply Lower Amid Concerns About The Economy - U.S. Commentary []
With traders once again expressing concerns about the outlook for the economy, the U.S. stock markets saw substantial weakness on Monday. Most stocks came under pressure, extending the steep downward move that was seen in the previous session.

Stocks Nearly Flat In The Late Morning - U.S. Commentary []
With little economic data to spur the markets, stocks are turning in a relatively flat day in late-morning trading on Wednesday.

Stocks Close Higher After A Volatile Trading Session - U.S. Commentary []
With traders continuing to express some uncertainty about the outlook for the economy, the U.S. stock markets showed a lack of direction during trading on Tuesday. Stocks were unable to sustain any significant moves, bouncing back and forth across the unchanged line.

Stocks Move Lower Amid Concerns About Stagflation - U.S. Commentary []
With traders expressing some concern about the outlook for the economy, the U.S. stock markets are seeing weakness in morning trading on Monday. Stocks have moved mostly lower, extending the downward move that was seen in the previous session.

Stocks Remain Under Pressure In Mid-Afternoon Trading - U.S. Commentary []
After moving lower at the open, the U.S. stock markets have seen some further downside over the course of the trading session on Monday. The major averages have all moved firmly into negative territory, extending the downward move that was seen in the previous session.

Japanese Market Gains On Bargain Hunting []
Friday, Tokyo shares closed sharply higher, on bargain hunting, after briefly dipping below the psychologically important 15,000 level in early trade. Further, a report on a capital injection into Merrill Lynch and firmer Asian equities boosted investor sentiment.

Light Turnout Seen For Malaysian Stocks []

Light Turnout Seen For Malaysian Stocks []
The Malaysian stock market is expected to follow modestly positive global cues to the upside when the Kuala Lumpur Composite Index opens for business on Friday - although volume is expected to be light in the midst of a series of holidays. The KLCI was closed on Thursday for the Hari Raya Haji holiday, and it will be closed again on Tuesday for Christmas.

Stocks Turning In Another Choppy Trading Session - U.S. Commentary []
After seeing significant volatility in the previous session, the U.S. stock markets are once again showing a lack of direction during trading on Wednesday. The major averages have bounced back and forth across the unchanged line, unable to sustain any significant moves.

Investors Eye Central Bank Plans, Rise In Oil Ahead Of Thursday Trading - European Commentary []
European investors will be digesting Wednesday's news regarding the dramatic initiative unveiled by a coalition of central banks to jointly increase liquidity in global credit markets. The announcement saw the Federal Reserve, the ECB and other banks offer discounted rates to loan cash to private banks.

Futures Indicating Flat Opening In Europe As French GDP, Rate Worries Loom - European Commentary []
Futures are indicating a flat open for most European indices Thursday after three consecutive losing sessions this week. Pessimism over the ongoing credit crisis continues to affect market sentiment as ECB Chairman Jean-Claude Trichet's comments on Wednesday, which indicated a rate cut was unlikely due to inflation concerns, are still weighing on European markets.

European Markets Rise On New Fed Plan - European Commentary []
The European markets rose on Wednesday after the U.S. Federal Reserve announced a plan to work with other central banks to ease tight conditions in credit markets.

Rate Increase May Slow China Stocks []
The Chinese stock market will have to overcome some unfriendly economic news if it wants to add to its two-day winning streak when the Shanghai Composite Index opens for business on Friday. Investors have easily enough shrugged off bad news before - on Friday, they'll have to deal with an immediate increase in the benchmark one-year lending rate by 18bps to 7.47% by the Peoples Bank of China.

Little Stock Movement Seen Ahead Of Thai Election []
There's not much action predicted for the Thai stock market on the final day of this business week. The Stock Exchange of Thailand is seen to continue its moderately negative momentum over declining shares of energy giant PTT - but trade is expected to be very light and nervous ahead of Sunday's general election.

Stocks Moving Modestly Higher In The Mid-Morning - U.S. Commentary []
While buying interest has remained relatively subdued, the U.S. stock markets have moved modestly higher over the course of morning trading on Wednesday. The major averages have all climbed above the unchanged line, adding to the gains that were posted in the previous session.

Concerns About Economic Outlook Lead To Weakness Among Stocks - U.S. Commentary []
Stocks continue on the downside in early-afternoon trading on Monday, as investors continue to worry about the state of the U.S. economy. The selling pressure comes after significant losses posted in the previous session.

Stocks Turning In Another Choppy Trading Session - U.S. Commentary []

Stocks Turning In Another Choppy Trading Session - U.S. Commentary []
After seeing significant volatility in the previous session, the U.S. stock markets are once again showing a lack of direction during trading on Wednesday. The major averages have bounced back and forth across the unchanged line, unable to sustain any significant moves.

Stocks Move Higher On Positive Earnings News - U.S. Commentary []
Stocks moved higher at the start of trading on Thursday, with the major averages all climbing into positive territory after ending the previous session mixed. The initial upward move came on the heels of positive earnings news from companies such as Oracle (ORCL).

Light Turnout Seen For Malaysian Stocks []
The Malaysian stock market is expected to follow modestly positive global cues to the upside when the Kuala Lumpur Composite Index opens for business on Friday - although volume is expected to be light in the midst of a series of holidays. The KLCI was closed on Thursday for the Hari Raya Haji holiday, and it will be closed again on Tuesday for Christmas.

European Markets Quiet As Traders Eye German Economic Data, Latest Northern Rock Rumours - European Commentary []
European markets will be looking for direction in Wednesday trading as seasonal slowdowns in news flows and trading volumes are beginning to be felt.

Stocks Remain Under Pressure In Mid-Afternoon Trading - U.S. Commentary []
After moving lower at the open, the U.S. stock markets have seen some further downside over the course of the trading session on Monday. The major averages have all moved firmly into negative territory, extending the downward move that was seen in the previous session.

Stocks Moving To The Upside In Mid-Afternoon Trading - U.S. Commentary []
After turning in a mixed performance earlier in the session, the U.S. stock markets have moved to the upside in recent trading on Thursday. The Dow and the S&P 500 have climbed above the unchanged, rejoining the Nasdaq in positive territory.

South Korean Market Closes Lower []
Thursday, Seoul shares finished lower, giving away early gains, on lingering U.S. credit market and economic worries. After rising as much as a percentage in early trade, the key KOSPI index closed down 17.10 points or 0.9% at 1,844.37.

European Markets Fall On Economic Worries - European Commentary []
The European markets fell on Monday, as investors were concerned that faster inflation and continued credit market turmoil would hurt economic growth. Banking and mining stocks were among the hardest hit.

US Stocks On Pause Thursday Morning Ahead Of Economic Data, Bear Stearns Results []

US Stocks On Pause Thursday Morning Ahead Of Economic Data, Bear Stearns Results []
US stocks were looking for direction Thursday morning ahead of a slew of economic data and highly anticipated earnings results from Bear Stearns.

China Shares Close Higher, Led By Metals And Financial Stocks []
Shanghai stocks closed sharply higher as liquidity improved after unsuccessful applicants for China Pacific Insurance IPO received their refunds. Metals and financial stocks led the gains. A rebound on Wall Street also boosted investor sentiment. The benchmark Shanghai Composite Index closed up 105.61 points or 2.18% at 4,941.78.

Stocks Turn In A Lackluster Performance Amid Economic Uncertainty - U.S. Commentary []
With traders continuing to express some uncertainty about the outlook for the economy, the U.S. stock markets showed a lack of direction during trading on Wednesday. Stocks moved back and forth across the unchanged line, unable to sustain any significant moves.

Stocks Seeing Continued Weakness In Late Morning Trading - U.S. Commentary []
Stocks are coming off their lows in late-morning trading on Monday, but they are still firmly in the red. Following last week's troubling inflation reports, investors are concerned regarding the state of the U.S. economy.

Australian Market Pares Opening Gains []

Australian Market Pares Opening Gains []
Thursday, Sydney shares were trading lower, amid volatility, after Wall Street closed mixed overnight on credit worries. The market had opened firm on the day of expiry of the S&P/ASX 200 December futures contract.

Market Likely To Consolidate At Current Levels - Indian Commentary []
Thursday, Indian market is likely to consolidate at current levels, as global cues are mixed. Bargain hunting, following recent lows, might provide some degree of support to the market, but volatility will be higher ahead of the closing of December derivatives contracts on Thursday next week.

New Zealand Shares Look To Sustain Minor Rally []
New Zealand shares look Thursday to build on Wednesday's modest upward momentum.

US Leading Indicators Fall More Than Expected In November []
The US November Index of Leading Economic Indicators fell 0.4 percent, more than the 0.3 percent decline predicted by analysts.

Greenback Mixed In Performance Amid Q3 GDP [EUR/USD]
The US dollar showed mixed performance during early New York deals on Thursday. The dollar moved as the commerce department released its final report on gross domestic product in the third quarter showing the pace of GDP growth for the third quarter was unrevised at 4.9%.

European Markets End Lower On Goldman Sachs Caution - European Commentary []
The European markets closed lower on Tuesday after Wall Street brokerage Goldman Sachs cautioned that markets will remain challenging in the near future. The comments from the world's largest securities firm erased earlier gains following the European Central Bank's issuance of an unprecedented $500 billion in loans as part of a global effort to ease credit-market gridlock.

US Dollar Mixed Amid Third Quarter GDP Data [EUR/USD]
US third quarter GDP data was released at 8:30 am ET. Amid the release, the dollar showed mixed performance against its major counterparts. As of 8:35 am ET, the greenback was worth 1.9889 against the pound, 113.13 against the yen and1.4352 against the euro.

Pound Down Against Other Major Currencies [GBP/USD]
The sterling plunged versus its major counterparts Thursday morning in New York. This comes as investors mull a report showing that the U.K. economy grew at a surprising rate in the third-quarter.

British Sterling Extends Weakness Versus Majors [GBP/USD]
The pound further weakened against its major counterparts at about 9:45 am ET. As of now, the pound is trading at 0.7224 against the euro, 224.57 against the dollar, 224.50 against the yen and 2.2991 against the Swiss franc.

Euro Higher Versus Pound, Slips Against Other Majors [EUR/USD]

Euro Higher Versus Pound, Slips Against Other Majors [EUR/USD]
In the early deals on Thursday, the euro strengthened against the British pound and hit a 9-day high. But the euro edged down against the rest of majors. The euro-yen pair declined to a 9-day low.

Australian Market Closes In Red For Seventh Straight Session []
Thursday, after opening on a firm note Sydney shares lost ground in mid-morning trade and eventually ended in the negative territory for the seventh straight session amid expiry of December futures contracts and a weak lead from Wall Street. The benchmark S&P/ASX 200 Index closed down 39.5 points or 0.6% at 6,176.9 and the broader-based All Ordinaries Index lost 36.0 points or 0.6% to finish at 6,244.8.

Japan Stocks Searching For Support Levels []
Japanese stocks are in search of a bottom while awaiting word Thursday from the nation's central bank on interest rates. The rates are likely to remain unchanged.

European Markets Fall On Trichet Comments - European Commentary []
The European markets fell for the consecutive third day on Wednesday after European Central Bank President Jean-Claude Trichet signaled that faster inflation will prevent policy makers from cutting interest rates to ease the continuing crunch in the credit markets.

Thai Stocks May Bounce Back []
After almost a week of caution and decline centered on the court plight of index heavyweight PTT, the Thai stock market is poised to rebound when the Stock Exchange of Thailand opens for business on Wednesday.

Shanghai Stocks Likely Range-bound []

Shanghai Stocks Likely Range-bound []
The Chinese stock market is expected to continue to see support around the 5,000 point level when the Shanghai Composite Index opens for business on Thursday. Since topping 6,000 points in October, the market has stayed within 200 points, plus or minus, of 5,000 points for the last month - and analysts say it's likely to stay in that range through the end of the year.

Australian Market Closes In Negative Territory Despite Positive Start []
Wednesday, Sydney shares closed lower for a sixth straight session amid volatile trading. The benchmark S&P/ASX 200 Index closed down 20.5 points or 0.3% at 6,216.4 and the broader-based All Ordinaries Index lost 11.8 points or 0.2% to 6,280.8. The S&P/ASX 200 December futures contract was off 5 points at 6,203.

Stocks Move Sharply Lower At The Start Of Trading - U.S. Commentary []
Stocks moved sharply lower at the start of trading on Friday, with the major averages all moving firmly into negative territory after ending the previous session mixed. The initial weakness came on the heels of the release of some troubling inflation data,

US Stocks Set For Rough Open Monday Amid Concerns About Inflation - US Commentary []
US stocks were poised to kick off the new week on a downbeat note Monday morning amid concerns that the Fed will be unable to further lower interest rates due to rising inflation.

Stocks Rebound At The Start Of Trading - U.S. Commentary []
Stocks moved sharply higher at the start of trading on Tuesday, with the major averages regaining some ground after posting steep losses in the two previous sessions. Bargain hunting contributed to the initial upward move.

Stocks Move To The Downside At The Open - U.S. Commentary []
After seeing considerable weakness in the previous session, stocks saw some further downside at the start of trading on Monday. The major averages all moved into negative territory amid lingering concerns about the outlook for the economy.

Japanese Market Gains On Bargain Hunting []
Thursday, Tokyo shares were trading higher after investors hunted for bargain buys following recent falls. Wall Street closed mixed overnight on credit worries after Morgan Stanley posted loss on writedown. At 10:23 a.m. local time, the benchmark Nikkei 225 Index was up 83.69 points at 15,114.20 and the broader-based Topix Index of all First Section Issues on the Tokyo Stock Exchange was adding 6.14 points to 1,462.93.

Stocks Turning In Another Choppy Trading Session - U.S. Commentary []
After seeing significant volatility in the previous session, the U.S. stock markets are once again showing a lack of direction during trading on Wednesday. The major averages have bounced back and forth across the unchanged line, unable to sustain any significant moves.

GDP Plummets on Dovish BoE

The dollar's year end recovery extended into Wednesday trading,
pushing the British pound beneath the psychologically key 2-level for
the first time since mid-September. With no economic reports released
from the US today, traders focused on prospects that the Bank of
England may cut interest rates again in January.

Richmond Fed President Lacker expressed his uneasiness with the
current inflation outlook, which he deems to have deteriorated since
August. He said that if energy prices fail to decline, monetary policy
decisions next year will be very difficult. However, Lacker said that
"most cogent risks" to growth are on the downside, but expects pickup
in 2008. He anticipates "very weak" growth over the coming months,
expecting 2008 GDP growth of 2-2.25%.

Traders will shift focus to tomorrow's US economic reports, including
the final readings for Q3 GDP, PCE prices, leading indicators, weekly
jobless claims and the Philadelphia Fed survey. The final reading for
Q3 GDP is expected to remain unchanged, at a robust rate of 4.9%. The
Philadelphia Fed survey is forecasted to decline to 6.0 in December,
down from 8.2 a month earlier.

Cable Plunges to 3-month low

The sterling slumped across the board, falling to its lowest level in
three months against the dollar at 1.9931. The initial catalyst for
the selling was the release of the Bank of England's December meeting
minutes, in which the BoE voted unanimously voted to cut interest
rates by 25-basis points to 5.5%. Markets had been looking for a less
pronounced result, with consensus estimates anticipating a 6-3 vote in
favor an ease. The minutes revealed deliberation for a larger and more
aggressive cut as a result of deteriorating growth, but opted instead
for a 25-bp move for fear of fuelling inflationary pressures. The Bank
also said, "The worsening financial market turmoil, and the consequent
tightening of credit conditions, had increased the downside risks to
activity and inflation in the medium-term". It is also worth noting
that this was the first unanimous vote to cut rates since November
2001.

Traders will turn to UK economic data due out on Thursday, consisting
of Q3 GDP and current account balance. The final readings for Q3 GDP
are seen unchanged at 0.7% q/q and 3.2% y/y. Meanwhile, the current
account deficit is expected to expand to 11.5 billion sterling, up
from the 9.05 billion sterling deficit from Q2.

Cable plunged through two big figures to 1.9931. Support begins at
1.99, followed by 1.9870 and 1.9830. Subsequent floors are eyed at
1.98, backed by 1.9750 and 1.97. Meanwhile, interim resistance begins
at 2.00, followed by 2.0030 and 2.0065. Further gains will target
2.01, followed by 2.0150 and 2.02.

Euro Pressured

The euro remains mired near two-month lows against the greenback
around 1.4330 as year-end position squaring continues to be beneficial
for the dollar. ECB President Trichet spoke earlier, reiterating the
Bank's stance to take whatever action necessary to ensure price
stability over the medium-term. Further, he said that recent liquidity
injections appease some market tensions but do not eliminate them.

Inflation data from Germany was stronger than expected with producer
prices for November jumping to 0.8% versus 0.4% a month earlier and to
2.5%, up from 1.7% in the previous year. The December Ifo current
conditions survey slipped to 108.1, down from 110.4 in November while
the expectations index was down slightly to 98.2 versus 98.3.

Pound Drops To Multi-month Low Against Greenback [GBP/USD]

Pound Drops To Multi-month Low Against Greenback [GBP/USD]
The British sterling lost ground against its major counterparts at noon in New York. As of 11:55 am ET, the pound slipped to a 3-month low of 1.9931 versus the US dollar, a multi-day low of 226.09 against the yen and a 1-week low of 2.3053 against the franc.

Dollar Surges To New Three Onth High Versus Sterling []
The dollar spiked higher versus the sterling Wednesday morning, extending its gains from earlier in the session. The greenback soared above 2 dollars for the first time in over 3-months, peaking at 1.995 at around 11:30 am ET.

Sterling Slips Below 2 Dollars For First Time Since September; UK Sales Growth Down Sharply [GPB/USD]
The British sterling lost ground against its major counterparts Wednesday morning in New York. Trading took place amid news that the Bank of England voted unanimously for a December rate cut and that U.K. retail sale growth has weakened sharply in December.

Stocks Rise After Wall Street Closed Higher On ECB Move - Asian Commentary []
Wednesday, stock markets across the Asia-Pacific region were trading higher after the U.S. stocks finished in the green, amid volatility, following European Central Bank's or ECB move to lend US$500 billion to revive demand in struggling areas of the credit market.

Loonie Strengthens Against Majors In Early New York [USD/CAD]
The Canadian dollar advanced against its major counterparts during the early hours New York trading Wednesday. As of now, the US dollar is trading 1.0042 and the euro is worth 1.4460 against the loonie. The Canadian dollar strengthened to 112.57 against its Japanese counterpart.

Swiss Franc Mixed Versus Majors Wednesday [USD/CHF]

Swiss Franc Mixed Versus Majors Wednesday [USD/CHF]
The Swiss currency was mixed in mid morning trading against its counterparts on Wednesday in New York. The franc moved with little economic news from the area.

European Markets Fall On Economic Worries - European Commentary []
The European markets fell on Monday, as investors were concerned that faster inflation and continued credit market turmoil would hurt economic growth. Banking and mining stocks were among the hardest hit.

New Zealand Dollar Falls Against Majors [NZD/USD]
The New Zealand dollar fell against its major counterparts at about 6:30 am ET. As of now, it is trading at 0.7540 against the US dollar, 85.22 against the yen and 1.1423 versus the Australian dollar.

Pounds Drops Versus Other Major Currencies [GBP/USD]
The sterling sunk against its major counterparts Wednesday morning in New York on news that the Bank of England had voted unanimously for a December rate cut and that U.K. retail sale growth has weakened sharply in December.

Jakarta Stocks Poised End Skid []
After watching the losing streak hit five sessions, investors in the Indonesian stock market finally can see the light at the end of the tunnel as the Jakarta Composite Index prepares to open for business on Wednesday. During the skid, the index shed more than 150 points and gave up support at 2,700 points - although it could be reclaimed as early as Wednesday.

Singapore Stocks Seen To Extend Gains []

Singapore Stocks Seen To Extend Gains []
After snapping a four-day losing streak, the Singapore stock market looks poised to climb further into positive territory when the Straits Times Index opens for business on Wednesday. Tuesday's rebound was based on bargain hunting after the index had plummeted by more than 230 points over the previous four sessions.

Stocks Move Lower Amid Concerns About Stagflation - U.S. Commentary []
With traders expressing some concern about the outlook for the economy, the U.S. stock markets are seeing weakness in morning trading on Monday. Stocks have moved mostly lower, extending the downward move that was seen in the previous session.

Singapore Dollar Slides Against Greenback [USD/SGD]
Losing ground around 9:05 pm ET Tuesday, the Singapore dollar gave back the early Asian session's gains against its US counterpart. The Singapore dollar thus slipped from 1.4563 to 1.4621 at about 3:50 am Eastern Time. The pair, which closed yesterday's deals at 1.4589, is currently trading near 1.4602.

Kiwi Spikes Against Majors [NZD/USD]
The kiwi spiked against its major counterparts at about 7:45 am ET. As of now, it is trading at 0.7566 against the US dollar, 85.47 against the yen and 1.1381 against the Australian dollar.

Stocks Face Headwinds Friday Morning Ahead Of Key Inflation Reading - US Commentary []
Early signals are pointing to a rough open for US stocks on Friday amid more troubling new from the financial sector. Later in the day, investors will be treated to a key reading on inflation.

Stocks Close Sharply Lower Amid Concerns About The Economy - U.S. Commentary []

Stocks Close Sharply Lower Amid Concerns About The Economy - U.S. Commentary []
With traders once again expressing concerns about the outlook for the economy, the U.S. stock markets saw substantial weakness on Monday. Most stocks came under pressure, extending the steep downward move that was seen in the previous session.

Stocks Seeing Modest Strength In The Late Morning - U.S. Commentary []
With positive earnings reported by several companies, stocks remain higher in late-morning trading on Tuesday, though they are off their intraday highs. Goldman Sachs (GS) and Best Buy (BBY) both reported better than expected earning, inspiring traders to go bargain hunting.

Stocks Likely To Rebound On Better Than Expected Earnings - U.S. Commentary []
After falling sharply in the two previous sessions, stocks are likely to regain some ground in early trading on Tuesday. The major U.S. index futures are pointing to a higher open, with traders likely to go bargain hunting following the recent weakness.

Stocks Move Lower Amid Concerns About Stagflation - U.S. Commentary []

Stocks Move Lower Amid Concerns About Stagflation - U.S. Commentary []
With traders expressing some concern about the outlook for the economy, the U.S. stock markets are seeing weakness in morning trading on Monday. Stocks have moved mostly lower, extending the downward move that was seen in the previous session.

Stocks Close Sharply Lower Amid Concerns About Inflation - U.S. Commentary []

Stocks Close Sharply Lower Amid Concerns About Inflation - U.S. Commentary []
After moving sharply lower at the open, the U.S. stock markets saw some further downside over the course of the trading session on Friday. The weakness in the markets was partly due to renewed concerns about the outlook for inflation.

Inflation Concerns Contribute To Some Weakness On Wall Street - U.S. Commentary []
With recent data raising concerns about the outlook for inflation, the U.S. stock markets have come under pressure in morning trading on Friday. Stocks have moved mostly lower after ending the previous session mixed.

Stocks Remain Under Pressure In Mid-Afternoon Trading - U.S. Commentary []
After moving lower at the open, the U.S. stock markets have seen some further downside over the course of the trading session on Monday. The major averages have all moved firmly into negative territory, extending the downward move that was seen in the previous session.

Stocks Seeing Modest Strength In The Late Morning - U.S. Commentary []
With positive earnings reported by several companies, stocks remain higher in late-morning trading on Tuesday, though they are off their intraday highs. Goldman Sachs (GS) and Best Buy (BBY) both reported better than expected earning, inspiring traders to go bargain hunting.

Markets Likely To Consolidate At Current Levels On Back Of Mixed Cues From Asia - Indian Commentary []
Global cues are pointing towards a lower opening for the Indian market on Tuesday. However, bargain buying, following the sharp fall on Monday, might provide some degree of support to the market. While the U.S. market extended its losses on Monday amid economic and credit concerns, the major markets across the Asia-Pacific region have recovered to some extent after starting off the second trading session of the week on a weak note.

Stocks Move To The Downside At The Open - U.S. Commentary []
After seeing considerable weakness in the previous session, stocks saw some further downside at the start of trading on Monday. The major averages all moved into negative territory amid lingering concerns about the outlook for the economy.

Stocks Likely To See Notable Weakness In Early Trading - U.S. Commentary []
Stocks could see some weakness in early trading on Monday, with the major U.S. index futures indicating a lower open for the markets. With any downward move, stocks would add to the losses that were seen last week.

Australian Market Closes Slightly Lower; Centro Tumbles []
Tuesday, Sydney shares closed slightly lower, recouping most of the early losses after investors started hunting for bargain buys in late trade. The market had opened sharply lower, tracking Wall Street's plunge overnight on worries about the housing slump and increased inflation risk.

Stocks Likely To See Notable Weakness In Early Trading - U.S. Commentary []

Stocks Likely To See Notable Weakness In Early Trading - U.S. Commentary []
Stocks could see some weakness in early trading on Monday, with the major U.S. index futures indicating a lower open for the markets. With any downward move, stocks would add to the losses that were seen last week.

Markets Likely To See Further Downside On Weak Cues From Global Peers - Indian Commentary []
Global cues are pointing towards a lower opening for the Indian market on Monday. The U.S. market closed sharply lower Friday amid concerns about inflation and the major markets across the Asia-Pacific region are trading weak on Monday. However, crude prices have slipped for a second consecutive session on Friday.

Stocks Fall As Wall Street Extends Losses Amid Economic, Credit Woes - Asian Commentary []
Tuesday, stock markets across the Asia Pacific region were trading weak after the U.S. stocks plunged overnight, extending last week's losses, amid economic and credit worries.

Extended Decline Seen For Singapore Stocks []
The Singapore stock market has sunk to a three-week low, and analysts are calling for the Straits Times Index to sink even further on broadly negative global cues when the market opens for business on Tuesday. The index is already stuck in a losing streak that has stretched to four sessions, shedding more than 230 points in the process.

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

Stocks Seeing Continued Weakness In Mid-Afternoon Trading - U.S. Commentary []
After turning in a mixed performance in the previous session, stocks have moved mostly lower during trading on Friday. The major averages have remained in negative territory for most of the session, although the Nasdaq briefly peeked above the unchanged line in late morning trading.

Japanese Market Plunges On Wall Street Losses []
Monday, Tokyo shares closed sharply lower for a fourth straight session, tracking Wall Street losses Friday. The U.S. stocks slumped on worries that accelerating inflation might impact the Federal Reserve's options for buoying up the U.S. economy. The benchmark Nikkei 225 Index closed down 264.72 points or 1.7% at 15,249.79.

Australian Market Closes Slightly Lower; Centro Tumbles []
Tuesday, Sydney shares closed slightly lower, recouping most of the early losses after investors started hunting for bargain buys in late trade. The market had opened sharply lower, tracking Wall Street's plunge overnight on worries about the housing slump and increased inflation risk.

Stocks Close Sharply Lower Amid Concerns About Inflation - U.S. Commentary []
After moving sharply lower at the open, the U.S. stock markets saw some further downside over the course of the trading session on Friday. The weakness in the markets was partly due to renewed concerns about the outlook for inflation.

Stocks Likely To See Notable Weakness In Early Trading - U.S. Commentary []
Stocks could see some weakness in early trading on Monday, with the major U.S. index futures indicating a lower open for the markets. With any downward move, stocks would add to the losses that were seen last week.

Stocks Continue To See Some Strength In The Mid-Afternoon - U.S. Commentary []
With traders going bargain hunting following the steep losses that were seen in the previous session, the U.S. stock markets continue to see considerable strength in mid-afternoon trading on Wednesday.

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

Markets Likely To See Further Downside On Weak Cues From Global Peers - Indian Commentary []
Global cues are pointing towards a lower opening for the Indian market on Monday. The U.S. market closed sharply lower Friday amid concerns about inflation and the major markets across the Asia-Pacific region are trading weak on Monday. However, crude prices have slipped for a second consecutive session on Friday.

Stocks Seeing Continued Weakness In Late-Morning Trading - U.S. Commentary []
With traders expressing some uncertainty about the outlook for the economy, stocks have come under pressure over the course of morning trading on Thursday. The major averages have all moved firmly into negative territory after ending the previous session higher.

Stocks Seeing Notable Weakness Amid Inflation Worries - U.S. Commentary []
Stocks are seeing considerable weakness in early afternoon trading on Friday, with the major averages all in negative territory after ending the previous session mixed. The weakness in the markets is partly due to renewed concerns about the outlook for inflation.

Stocks Rebounding On Banks' Efforts To Add Liquidity - U.S. Commentary []

Stocks Rebounding On Banks' Efforts To Add Liquidity - U.S. Commentary []
While traders reacted negatively to the announcement of the Federal Reserve's interest rate decision on Tuesday, the U.S. stock markets have moved back to the upside on Wednesday in reaction to news of the Fed's latest efforts to improve liquidity in the financial sector.

Dollar Surges To 2-week High Against Indian Rupee [USD/INR]

Dollar Surges To 2-week High Against Indian Rupee [USD/INR]
The US dollar edged higher against the Indian rupee during early Asian trading on Tuesday. The dollar that closed yesterday's deals at 39.5350 versus the Indian rupee fetched a 2-week high of 39.64 by about 10:35 pm ET. As of now, the pair is worth 39.57.

Aussie Advances Against Majors [AUD/USD]
The Australian dollar staged a sharp surge against its major counterparts at about 10:15 pm ET. As of now, the Aussie is worth 0.8610 against the US dollar, 0.8650 against the loonie, 1.6744 against the euro and 97.50 against the yen.

Stocks Holding Onto The Bulk Of Their Early Gains - U.S. Commentary []
Stocks have managed to keep most of their gains posted earlier in the day in late-morning trading on Wednesday. The gains come after a 300-point drop on Tuesday after the Federal Reserve cut the benchmark interest rate by 25 basis-points.

Stocks Show Notable Downturn After Initial Rally But Still Close Higher - U.S. Commentary []
After moving sharply higher at the start of trading on Wednesday, the U.S. stock markets staged a substantial turnaround over the course of the session. Stocks pulled back well off their best levels of the day, briefly slipping into negative territory.

Stocks Likely To See Notable Weakness In Early Trading - U.S. Commentary []
Stocks could see some weakness in early trading on Monday, with the major U.S. index futures indicating a lower open for the markets. With any downward move, stocks would add to the losses that were seen last week.

Stocks Poised To Pull Back Thursday Amid Doubts About Global Plan To Ease Credit Crunch []
Early signals are mostly negative for US stocks on Thursday amid growing doubts about a global plan to combat problems in the lending market.

Market Opens Higher, But Sees Volatility In Early Trade - Indian Commentary []
Tuesday, Indian shares opened higher on the back of mixed cues from Asian markets. At 10:06 a.m. IST, the Sensex was up 82 points at 19,343 and the broader Nifty was up 25 points at 5,802.

Stocks Rebounding On Banks' Efforts To Add Liquidity - U.S. Commentary []
While traders reacted negatively to the announcement of the Federal Reserve's interest rate decision on Tuesday, the U.S. stock markets have moved back to the upside on Wednesday in reaction to news of the Fed's latest efforts to improve liquidity in the financial sector.

Stocks Fall On Credit Market Worries, Weak Tankan - Asian Commentary []

Stocks Fall On Credit Market Worries, Weak Tankan - Asian Commentary []
Stock markets across the Asia-Pacific region, except for China and New Zealand, closed lower Friday after Moody downgraded Citigroup. Disappointing Tankan survey results and speculation that interest rates in China will increase also weighed down investor sentiment.

China Stocks May Extend Gains []
When it comes to the Chinese government, no news is good news for the stock market as it prepares to open a new business week. The Shanghai Composite Index had slipped sharply in the latter half of last week over fears that the Chinese government was going to institute new tightening policies in an effort to cool the economy.

Stocks Rebounding On Banks' Efforts To Add Liquidity - U.S. Commentary []

Stocks Rebounding On Banks' Efforts To Add Liquidity - U.S. Commentary []
While traders reacted negatively to the announcement of the Federal Reserve's interest rate decision on Tuesday, the U.S. stock markets have moved back to the upside on Wednesday in reaction to news of the Fed's latest efforts to improve liquidity in the financial sector.

US Stocks Ready To Rebound Amid Reports That Fed May Further Address Lending Problems - US Commentary []
US stocks are poised to snap back from significant losses in the previous session Wednesday morning, with investors apparently reconsidering the Fed's modest rate cut amid reports that the central bank is prepared to make more moves to spur lending among banks.

Euro Hits 13-day Low Against Sterling [EUR/GBP]
In the early deals on Monday, the European currency declined against the British pound. Down from its last week close of 0.7152, the euro touched a 13-day low of 0.7125 against the sterling by about 5:20 am ET.

Stocks Face Headwinds Friday Morning Ahead Of Key Inflation Reading - US Commentary []
Early signals are pointing to a rough open for US stocks on Friday amid more troubling new from the financial sector. Later in the day, investors will be treated to a key reading on inflation.

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

Stocks Seeing Modest Weakness In Early Trading - U.S. Commentary []
Stocks moved modestly lower at the start of trading on Thursday, with the major averages all slipping below the unchanged after ending the previous session in positive territory. The initial weakness reflected some uncertainty about the outlook for the economy.

Dollar Extends Gains Versus Euro Monday Morning [EUR/USD]
The dollar extended its recent gains versus the euro Monday morning, rising to its highest point since late October. The dollar jumped to 1.433 by 6 am ET after pausing near 1.445 overnight.

Stocks Seeing Some Weakness Following Mixed Economic Data - U.S. Commentary []
While selling pressure has remained relatively subdued, the U.S. stock markets are seeing some weakness in morning trading on Thursday. Stocks have moved into negative territory after seeing significant volatility in the previous session.

Stocks May Move Lower On Troubling Inflation Data - U.S. Commentary []
After ending the previous session mixed, stocks could see some weakness in early trading on Friday, with the major U.S. index futures indicating a lower open following the release of a report that may add to recent inflation concerns.

Japanese Market Plunges On Wall Street Losses []

Japanese Market Plunges On Wall Street Losses []
Monday, Tokyo shares closed sharply lower for a fourth straight session, tracking Wall Street losses Friday. The U.S. stocks slumped on worries that accelerating inflation might impact the Federal Reserve's options for buoying up the U.S. economy. The benchmark Nikkei 225 Index closed down 264.72 points or 1.7% at 15,249.79.

US Dollar Declines To 113.07 Versus Yen []

US Dollar Declines To 113.07 Versus Yen []
US dollar declines to 113.07 versus yen.

Decline Predicted For Singapore Stocks []

Decline Predicted For Singapore Stocks []
Investors in the Singapore stock market weren't didn't show much confidence the U.S. Federal Reserve's plan to join other central banks in pumping liquidity into the markets, and it was reflected in the negative performance of the Straits Times Index on Thursday.

Yen Up Versus Euro And Sterling [USD/JPY]
The yen made gains against the euro and the sterling but dropped against the dollar Friday morning in New York. This is amid diminished risk appetite.

Malaysian Shares Seen Lower Again []
Malaysian investors in weren't impressed by the U.S. Federal Reserve's plan to join other central banks in pumping liquidity into the markets, and it was reflected in the negative performance of the Kuala Lumpur Composite Index on Thursday. And they haven't seen anything that makes them think the market will snap its string of four losses in five sessions when it kicks off trade on Friday.

Hang Seng Seeks Support []
Hong Kong investors in weren't impressed by the U.S. Federal Reserve's plan to join other central banks in pumping liquidity into the markets, and it was reflected in the negative performance of the Hang Seng Index on Thursday. The market has dropped more than 1,500 points in the last two sessions to dip under the key support level of 28,000 points - and now investors are looking for support as the index prepares for trade on Friday.

BMO Capital Markets: Economy Not In Recession, But Not Going Gangbusters Either []
Sal Guatieri from BMO Capital Markets Economics remarked on Friday that after factoring in a downward revision to the prior month's tally, U.S. industrial production largely met market expectations, rising an uninspiring 0.3% in November. A rebound in auto production allowed manufacturers to claw back most of their prior month's losses, he noted.

China Stocks Close Higher Led By Consumer And Financial Stocks []
Friday, Shanghai shares closed higher on a late rebound in consumer and financial stocks. The benchmark Shanghai Composite Index closed up 49.87 points or 1.01% at 5,007.91.

South Korean Market Ends Down []
Seoul shares closed lower Thursday on heavy selling pressure following the expiry of options and futures contracts for the index and individual stocks. However, the Key index managed to finish well off its lowest level for the day. The KOSPI closed down 11.55 points or 0.6% at 1,915.90.

Rebound Likely For Thai Stocks []
The Thai stock market followed the rest of the region to the downside on Wednesday on disappointment over the size of the U.S. Treasury Department's rate cut. Now with more upbeat momentum, analysts are calling for the Stock Exchange of Thailand to rebound when the market kicks off trade on Thursday.

Dollar Advances Against Scandinavian Currencies [USD/SEK]
The US dollar rallied against its Scandinavian counterparts Friday in New York. The US dollar hit a 1� month high against the Danish krona and 2-month high against the Swedish currency. Against the Norwegian krona, the greenback reached a multi-day high today.

Loonie Now Up On The Day Versus Dollar, Rebounds From 3-month Low [USD/CAD]

Loonie Now Up On The Day Versus Dollar, Rebounds From 3-month Low [USD/CAD]
The Canadian dollar made a dramatic turnaround from early losses versus the greenback in Friday's mid-day action and is currently up on the buck for the day. The loonie fell to a 3-month low 1.0247, but charged back to trade at 1.0127 by 1 pm ET.

Yen Up Versus Euro And Sterling [USD/JPY]
The yen made gains against the euro and the sterling but dropped against the dollar Friday morning in New York. This is amid diminished risk appetite.

Dollar Hits Multi-month High Versus Sterling [GPB/USD]
The dollar soared to its highest point since late September versus the sterling Friday afternoon, rising to 2.015 from an early level near 2.04. The dollar was broadly stronger against other majors for a second day.

Stocks Fall On Credit Market Worries, Weak Tankan - Asian Commentary []
Stock markets across the Asia-Pacific region, except for China and New Zealand, closed lower Friday after Moody downgraded Citigroup. Disappointing Tankan survey results and speculation that interest rates in China will increase also weighed down investor sentiment.

Amended: South Korean Market Sees Volatility In Early Trade []
Amended: time 9:32 a.m. corrected as 11:00 a.m. in the second line, first paragraph.

First Trust Notes More Bad News On Inflation Front []
First Trust Advisors wrote on Friday that there was more bad news on the inflation front. Consumer prices soared 0.8% in November. With the exception of the month affected by Hurricanes Katrina/Rita, this is the largest single-month increase since Iraq invaded Kuwait in mid-1990, they said.

Stocks Fall As Fed's Plan To Ease Credit Crunch Fails To Convince Investors - Asian Commentary []
Stock markets across the Asia-Pacific region fell on Thursday, with Taiwan, China, Japan and Hong Kong leading the decline. The markets started off weak despite the U.S. closing moderately higher on Wednesday and extended their losses as investors were unconvinced about a Federal Reserve plan to work with other central banks to ease the global credit crunch.