Stocks May Show A Lack Of Direction In Early Trading - U.S. Commentary []
With many traders still away from their desks following the Christmas Day holiday, trading activity is likely to remain relatively subdued on Wednesday. The major U.S. index futures are currently indicating a flat to slightly lower open.
Yen Gives Back Early Gains To Buck And Euro [USD/JPY]
The yen gave back its early gains to the dollar ahead of Friday's opening bell on Wall Street. The yen began to rise against the dollar on Thursday morning amid concerns about the health of the US economy and weakness in global equities markets.
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Saturday, December 29, 2007
Franc Strong Versus Yen [CHF/JPY]
Franc Strong Versus Yen [CHF/JPY]
Versus the yen in trading on Friday, the Swiss franc saw strength into the mid morning action. The franc rose to a mark of 99.95 as action progressed. The currencies moved as the Japanese core CPI, which excludes fresh food prices, increased 0.4 percent in November compared to one year earlier.
Loonie Up Versus Greenback And Sterling, Down Against Euro [USD/CAD]
The loonie had mixed results against its major counterparts on Friday as it jumped against the greenback and pound but fell versus the euro. This comes after yesterday's assassination of Pakistan's opposition leader, Benazir Bhutto and as oil climbs towards the $98 mark today in U.S. trading.
Dollar Extends Losses Versus Euro After US New Home Sales Plummet 9 Percent []
The dollar extended this week's significant losses versus the euro Friday morning after the release of data showing that US new home sales plunged 9 percent in November to a 647,000 pace.
Stocks Seeing Some Weakness Amid Concerns About Holiday Spending - U.S. Commentary []
After posting strong gains in the holiday-shortened previous session, the U.S. stock markets are seeing some weakness in morning trading on Wednesday. Stocks have moved mostly lower due in part to concerns about the strength of holiday spending.
Stocks Turn In A Strong Performance On RIM And Merrill News - U.S. Commentary []
Wall Street saw notable gains on Friday, as positive earnings boosted the tech-heavy Nasdaq and news that Merrell Lynch (MER) may receive a cash infusion buoyed the blue chip index. The markets benefited from strength in a variety of sectors.
Stocks Regain Some Ground But Seeing Continued Weakness - U.S. Commentary []
While selling pressure has waned from earlier in the session, the U.S. stock markets continue to see significant weakness in mid-afternoon trading on Thursday. Stocks remain mostly lower, although they have moved off their worst levels of the day.
Weakness Remains Visible On Wall Street In Early Afternoon Trading - U.S. Commentary []
With traders still worried about holiday spending and a sharp rise by the price of oil, the U.S. stock markets are seeing continued weakness in early afternoon trading on Wednesday. While selling pressure has waned from earlier in the session, stocks remain mostly negative.
Dollar Advances To 1-week High Against Chilean Peso [USD/CLP]
The US dollar advanced against the Chilean peso during early trading on Friday. The greenback hit 1-week high of 497.25 at about 6:55 am ET, compared to yesterday's close of 496.25. As of now, the dollar-peso pair is worth 496.35.
Stocks Move Higher At The Start Of Trading - U.S. Commentary []
Stocks moved higher at the stat of trading on Monday, with the major averages seeing some further upside after posting standout gains in the previous session. The initial strength comes on the heels of some merger and acquisition news.
US Stocks Poised To Rebound Amid Talk Of Bank Asset Sales - US Commentary []
US stocks were set to bounce back Friday morning, one day after news of the assassination of Pakistan's Benazir Bhutto roiled markets worldwide.
Versus the yen in trading on Friday, the Swiss franc saw strength into the mid morning action. The franc rose to a mark of 99.95 as action progressed. The currencies moved as the Japanese core CPI, which excludes fresh food prices, increased 0.4 percent in November compared to one year earlier.
Loonie Up Versus Greenback And Sterling, Down Against Euro [USD/CAD]
The loonie had mixed results against its major counterparts on Friday as it jumped against the greenback and pound but fell versus the euro. This comes after yesterday's assassination of Pakistan's opposition leader, Benazir Bhutto and as oil climbs towards the $98 mark today in U.S. trading.
Dollar Extends Losses Versus Euro After US New Home Sales Plummet 9 Percent []
The dollar extended this week's significant losses versus the euro Friday morning after the release of data showing that US new home sales plunged 9 percent in November to a 647,000 pace.
Stocks Seeing Some Weakness Amid Concerns About Holiday Spending - U.S. Commentary []
After posting strong gains in the holiday-shortened previous session, the U.S. stock markets are seeing some weakness in morning trading on Wednesday. Stocks have moved mostly lower due in part to concerns about the strength of holiday spending.
Stocks Turn In A Strong Performance On RIM And Merrill News - U.S. Commentary []
Wall Street saw notable gains on Friday, as positive earnings boosted the tech-heavy Nasdaq and news that Merrell Lynch (MER) may receive a cash infusion buoyed the blue chip index. The markets benefited from strength in a variety of sectors.
Stocks Regain Some Ground But Seeing Continued Weakness - U.S. Commentary []
While selling pressure has waned from earlier in the session, the U.S. stock markets continue to see significant weakness in mid-afternoon trading on Thursday. Stocks remain mostly lower, although they have moved off their worst levels of the day.
Weakness Remains Visible On Wall Street In Early Afternoon Trading - U.S. Commentary []
With traders still worried about holiday spending and a sharp rise by the price of oil, the U.S. stock markets are seeing continued weakness in early afternoon trading on Wednesday. While selling pressure has waned from earlier in the session, stocks remain mostly negative.
Dollar Advances To 1-week High Against Chilean Peso [USD/CLP]
The US dollar advanced against the Chilean peso during early trading on Friday. The greenback hit 1-week high of 497.25 at about 6:55 am ET, compared to yesterday's close of 496.25. As of now, the dollar-peso pair is worth 496.35.
Stocks Move Higher At The Start Of Trading - U.S. Commentary []
Stocks moved higher at the stat of trading on Monday, with the major averages seeing some further upside after posting standout gains in the previous session. The initial strength comes on the heels of some merger and acquisition news.
US Stocks Poised To Rebound Amid Talk Of Bank Asset Sales - US Commentary []
US stocks were set to bounce back Friday morning, one day after news of the assassination of Pakistan's Benazir Bhutto roiled markets worldwide.
China Stocks Seen To Ease []
China Stocks Seen To Ease []
The Chinese stock market has been on a modest winning streak, finishing higher in six of the last seven sessions - but like the rest of the markets around the world, the Shanghai Composite Index is called to the downside Friday following the assassination of former Pakistani Prime Minister Benazir Bhutto.
Japan Overall Retail Sales +1.6% On Year In Nov []
Retail sales in Japan were up 1.6 percent on year in November, according to data released Friday by the Ministry of Economy, Trade and Industry.
Stocks Remain Mostly Negative In Late Morning Trading - U.S. Commentary []
While selling pressure has waned from earlier in the session, stocks are seeing continued weakness in late-morning trading on Wednesday. Worries about higher oil prices and weak holiday spending are contributing to the continued weakness.
The Chinese stock market has been on a modest winning streak, finishing higher in six of the last seven sessions - but like the rest of the markets around the world, the Shanghai Composite Index is called to the downside Friday following the assassination of former Pakistani Prime Minister Benazir Bhutto.
Japan Overall Retail Sales +1.6% On Year In Nov []
Retail sales in Japan were up 1.6 percent on year in November, according to data released Friday by the Ministry of Economy, Trade and Industry.
Stocks Remain Mostly Negative In Late Morning Trading - U.S. Commentary []
While selling pressure has waned from earlier in the session, stocks are seeing continued weakness in late-morning trading on Wednesday. Worries about higher oil prices and weak holiday spending are contributing to the continued weakness.
Friday, December 28, 2007
Japan Stocks Look To Lower Open In Shortened Trading Day []
Japan Stocks Look To Lower Open In Shortened Trading Day []
Japan stocks are expected to join those in other markets around the world in a lower opening, attributed to world tensions following the assassination of former Pakistan Prime Minister Benazir Bhutto.
Japan stocks are expected to join those in other markets around the world in a lower opening, attributed to world tensions following the assassination of former Pakistan Prime Minister Benazir Bhutto.
Dollar's Share of Currency Reserves Falls, IMF Says
The dollar's share of global foreign-exchange reserves fell to the lowest level since records began in 1999, as international demand for U.S. assets slumped after the subprime-mortgage market collapsed.
The U.S. currency accounted for 63.8 percent of reserves at the end of September, down from 65 percent at the end of June, the International Monetary Fund said today in Washington. The share of euros increased to 26.4 percent, from 25.5 percent.
The figures suggest central banks diversified out of the dollar as it fell to its weakest in a decade. Investors sold a record amount of U.S. securities in August when defaults on subprime mortgages rippled through financial markets and the Federal Reserve signaled it would cut interest rates.
``There continue to be indications that sovereign holders are trying to scale back the share of dollars in their reserves,'' Michael Malpede, senior currency analyst at MF Global in Chicago, said before the IMF's release.
China, Russia and other countries with trade surpluses or rising energy-export earnings are setting up so-called sovereign wealth funds to increase earnings on their reserves. Speculation also intensified in the third quarter that Saudi Arabia, United Arab Emirates and other Middle Eastern nations would follow Kuwait and end their currencies' pegs to the dollar.
Total Reserves
Total foreign-exchange reserves increased in the third quarter to $6.04 trillion from $5.72 trillion at the end of June. The figures on currency allocations are based on a smaller total, $3.83 trillion last quarter, because not all central banks agree to identify the breakdown of their reserves.
The fund's quarterly figures go back to 1999, the year the euro was introduced. The dollar's share has declined from 71.1 percent in March 1999, while the euro's allocation has climbed from 18.1 percent.
While the dollar's share of foreign exchange reserves is declining, the size of dollar holdings has continued to rise with the gains in total reserves. The dollar amount climbed to $2.45 trillion in September from $2.08 trillion a year before.
``Small movements in the dollar's share are not very important,'' said Brad Setser, a fellow at the Council on Foreign Relations in New York who used to work at the U.S. Treasury. ``The real issue is that the amount of dollars held by central banks is rising dramatically.''
Dollar's Decline
The Fed's trade-weighted broad dollar index, a measure of the U.S. currency's value against its counterparts from the biggest American trading partners, fell as low as 100.36 in September, the weakest since 1997. Since then, it reached a record low of 97.38 on Nov. 7.
International investors have reduced their holdings of U.S. stocks and bonds since the August credit collapse hammered the values of corporate bonds and securities tied to subprime mortgages. The losses spurred by rising U.S. mortgage defaults caused banks and securities firms worldwide to write off more than $80 billion.
Foreigners were net sellers of long-term U.S. financial assets in the third quarter, U.S. Treasury figures show. Monthly sales averaged $11.8 billion in the period, compared with average net purchases of $64 billion in the previous five years.
In August, when the credit rout sparked concern that banks would curtail lending, leading to a slump in spending that would send the U.S. into recession, foreigners sold a net $40.7 billion of American stocks. The Standard & Poor's 500 stock index has lost about 2 percent this quarter.
Confidence in Dollar
Treasury Secretary Henry Paulson and Fed Chairman Ben S. Bernanke expressed confidence last month that the dollar will keep its mantle as the world's top reserve currency.
``I don't see any significant change in the broad holdings of dollars,'' Bernanke said in answering questions at a Nov. 8 congressional hearing. The dollar ``remains the dominant reserve asset and I expect that to continue to be the case,'' he said.
Paulson defended the dollar in remarks to reporters on Nov. 9, at a time when it had fallen to a record low against the euro and Canadian dollar and the weakest versus Britain's pound since 1981.
``The dollar has been the world's reserve currency since World War II and there's a reason,'' said Paulson, a former Goldman Sachs Group Inc. chief executive officer. ``I put the U.S. economy up against any in the world in terms of competitiveness -- that's a fact.''
Weakness Remains Visible On Wall Street In Early Afternoon Trading - U.S. Commentary []
Weakness Remains Visible On Wall Street In Early Afternoon Trading - U.S. Commentary []
With traders still worried about holiday spending and a sharp rise by the price of oil, the U.S. stock markets are seeing continued weakness in early afternoon trading on Wednesday. While selling pressure has waned from earlier in the session, stocks remain mostly negative.
With traders still worried about holiday spending and a sharp rise by the price of oil, the U.S. stock markets are seeing continued weakness in early afternoon trading on Wednesday. While selling pressure has waned from earlier in the session, stocks remain mostly negative.
Stocks Moving To The Upside In Mid-Afternoon Trading - U.S. Commentary []
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.
Stocks Turning In Mixed Performance In Mid-Afternoon Trading - U.S. Commentary []
With many traders still away from their desks following the holiday, stocks have shown a lack of direction in recent trading on Wednesday. While the major averages have moved well off their lows, the Dow and the S&P 500 have been bouncing back and forth across the unchanged line.
Stocks Remain Mostly Negative In Late Morning Trading - U.S. Commentary []
While selling pressure has waned from earlier in the session, stocks are seeing continued weakness in late-morning trading on Wednesday. Worries about higher oil prices and weak holiday spending are contributing to the continued weakness.
Stocks Turn In A Strong Performance On RIM And Merrill News - U.S. Commentary []
Wall Street saw notable gains on Friday, as positive earnings boosted the tech-heavy Nasdaq and news that Merrell Lynch (MER) may receive a cash infusion buoyed the blue chip index. The markets benefited from strength in a variety of sectors.
Franc Higher Ahead Of Swiss Economic Data [USD/CHF]
Ahead of the release of Swiss UBS consumption indicator data for the month of November, the franc strengthened versus its major counterparts. The franc was trading near 1.6631 against the euro, 1.1353 against the dollar, 2.2661 against the pound and 99.80 against the yen at about 3:55 am ET.
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.
Stocks Turning In Mixed Performance In Mid-Afternoon Trading - U.S. Commentary []
With many traders still away from their desks following the holiday, stocks have shown a lack of direction in recent trading on Wednesday. While the major averages have moved well off their lows, the Dow and the S&P 500 have been bouncing back and forth across the unchanged line.
Stocks Remain Mostly Negative In Late Morning Trading - U.S. Commentary []
While selling pressure has waned from earlier in the session, stocks are seeing continued weakness in late-morning trading on Wednesday. Worries about higher oil prices and weak holiday spending are contributing to the continued weakness.
Stocks Turn In A Strong Performance On RIM And Merrill News - U.S. Commentary []
Wall Street saw notable gains on Friday, as positive earnings boosted the tech-heavy Nasdaq and news that Merrell Lynch (MER) may receive a cash infusion buoyed the blue chip index. The markets benefited from strength in a variety of sectors.
Franc Higher Ahead Of Swiss Economic Data [USD/CHF]
Ahead of the release of Swiss UBS consumption indicator data for the month of November, the franc strengthened versus its major counterparts. The franc was trading near 1.6631 against the euro, 1.1353 against the dollar, 2.2661 against the pound and 99.80 against the yen at about 3:55 am ET.
Thursday, December 27, 2007
Euro Spikes Against Major [EUR/USD]
Euro Spikes Against Major [EUR/USD]
The euro spiked against its major counterparts at about 8:40 am ET. Now, it is worth 1.4575 against the dollar, 0.7316 against the pound, 1.6666 against the franc and 166.35 against the yen.
Peso Falls To Weekly Low Versus US Dollar [USD/MXN]
The prospect of a slowing US economy and the assassination of Pakistan opposition leader Benazir Bhutto fueled a decline for the Mexican peso on Thursday.
Yen Experiences Mixed Trading With Major Counterparts [USD/JPY]
The yen was mixed in dealings with the other major currencies this morning after the assassination of Pakistan's opposition leader, Benazir Bhutto.
European Markets Rise, Led By Miners, Banks - European Commentary []
The European markets rose on Monday, as mining stocks climbed on rising copper prices and banking shares edged up after money-market rates for euros dropped to the lowest level since November 28.
Swiss Currency Strong Against Yen [CHF/JPY]
In trading against the yen on Thursday, the Swiss franc saw strength into the mid morning. The advance brought the currency to a mark of 99.65 as action progressed. The currencies traded as Japanese auto production grew 3.8% year-on-year in November.
Global Insight: Increased Caution Among Businesses As Finanicial Conditions Tighten []
Global Insight U.S. Economist Nigel Gault commented on Thursday that two monthly declines in a row for "core" capital goods orders (non-defense excluding aircraft) suggest increased caution among businesses as financial conditions tighten and the economy slows.
The euro spiked against its major counterparts at about 8:40 am ET. Now, it is worth 1.4575 against the dollar, 0.7316 against the pound, 1.6666 against the franc and 166.35 against the yen.
Peso Falls To Weekly Low Versus US Dollar [USD/MXN]
The prospect of a slowing US economy and the assassination of Pakistan opposition leader Benazir Bhutto fueled a decline for the Mexican peso on Thursday.
Yen Experiences Mixed Trading With Major Counterparts [USD/JPY]
The yen was mixed in dealings with the other major currencies this morning after the assassination of Pakistan's opposition leader, Benazir Bhutto.
European Markets Rise, Led By Miners, Banks - European Commentary []
The European markets rose on Monday, as mining stocks climbed on rising copper prices and banking shares edged up after money-market rates for euros dropped to the lowest level since November 28.
Swiss Currency Strong Against Yen [CHF/JPY]
In trading against the yen on Thursday, the Swiss franc saw strength into the mid morning. The advance brought the currency to a mark of 99.65 as action progressed. The currencies traded as Japanese auto production grew 3.8% year-on-year in November.
Global Insight: Increased Caution Among Businesses As Finanicial Conditions Tighten []
Global Insight U.S. Economist Nigel Gault commented on Thursday that two monthly declines in a row for "core" capital goods orders (non-defense excluding aircraft) suggest increased caution among businesses as financial conditions tighten and the economy slows.
Thai Shares Seen To Remain Cautious []
Thai Shares Seen To Remain Cautious []
Investors in the Thai stock market have been cautious ever since last weekend's general election, and they figure to stay that way when the Stock Exchange of Thailand opens for business on Thursday - especially since the result only served to further muddle the nation's political landscape.
Market Likely To Open Higher On Firm Global Cues - Indian Commentary []
Global cues are pointing towards a higher opening for the Indian market on Thursday. However, volatility is likely to be high as the December derivatives contracts expire today.
Investors in the Thai stock market have been cautious ever since last weekend's general election, and they figure to stay that way when the Stock Exchange of Thailand opens for business on Thursday - especially since the result only served to further muddle the nation's political landscape.
Market Likely To Open Higher On Firm Global Cues - Indian Commentary []
Global cues are pointing towards a higher opening for the Indian market on Thursday. However, volatility is likely to be high as the December derivatives contracts expire today.
Stocks Move Higher On Positive Earnings News - U.S. Commentary []
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).
South African Rand Rises To 1-week High Against Dollar [USD/ZAR]
The South African Rand ticked up versus the US dollar in early deals on Thursday. At about 3:20 am ET, the rand reached a 1-week high of 6.9005, compared to 6.9662 late Wednesday in New York. The South African currency then dropped slightly and the dollar-rand pair is now trading near 6.935.
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).
Dollar Falls To New Multi-day Lows Against European Majors [EUR/USD]
The US dollar weakened to new multi-day lows against its European counterparts in early deals on Thursday. Against the yen, the dollar lost ground during Asian trading, but the pair bounced back in European session.
US Stocks Poised For Lackluster Start To Abbreviated Christmas Eve Session []
US stocks were poised for a lackluster start to Monday's abbreviated session on Christmas Eve. Markets will close at 1 pm ET. Trading is expected to be light today and Wall Street will be closed for Christmas on Tuesday.
Brazilian Real Hits Fresh 2-week High Against Dollar [USD/BRL]
The Brazilian real strengthened against the US dollar during early deals on Thursday. At about 7:25 am ET, the Brazilian currency hit a fresh 2-week high of 1.7620, compared to yesterday's close of 1.7685.
US Dollar Falls To 3-day Low Against Singapore Dollar [USD/SGD]
The US dollar weakened against the Singapore dollar in early trading on Thursday. At about 3:45 am ET, the pair touched a 3-day low of 1.4500, compared to yesterday's close of 1.4533. As of now, the pair is trading at 1.4519.
Hong Kong Dollar Hits 8-day High Against US Dollar [USD/HKD]
The Hong Kong dollar gained against the US dollar during early European deals on Thursday. However, in Asian trading, the pair moved sideways. Currently, the Hong Kong currency is trading at an 8-day high of 7.7998 versus the greenback. The US durable goods orders data for November and the consumer confidence data for December are expected later in the morning.
Stocks Close Sharply Higher Ahead Of Holiday - U.S. Commentary []
While trading activity was somewhat subdued, the markets closed Monday's holiday-shortened session with a "Santa Claus" rally. After trading in a tight range for most of the afternoon, stocks jumped higher in the last thirty minutes of trading and closed just off their highs.
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).
South African Rand Rises To 1-week High Against Dollar [USD/ZAR]
The South African Rand ticked up versus the US dollar in early deals on Thursday. At about 3:20 am ET, the rand reached a 1-week high of 6.9005, compared to 6.9662 late Wednesday in New York. The South African currency then dropped slightly and the dollar-rand pair is now trading near 6.935.
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).
Dollar Falls To New Multi-day Lows Against European Majors [EUR/USD]
The US dollar weakened to new multi-day lows against its European counterparts in early deals on Thursday. Against the yen, the dollar lost ground during Asian trading, but the pair bounced back in European session.
US Stocks Poised For Lackluster Start To Abbreviated Christmas Eve Session []
US stocks were poised for a lackluster start to Monday's abbreviated session on Christmas Eve. Markets will close at 1 pm ET. Trading is expected to be light today and Wall Street will be closed for Christmas on Tuesday.
Brazilian Real Hits Fresh 2-week High Against Dollar [USD/BRL]
The Brazilian real strengthened against the US dollar during early deals on Thursday. At about 7:25 am ET, the Brazilian currency hit a fresh 2-week high of 1.7620, compared to yesterday's close of 1.7685.
US Dollar Falls To 3-day Low Against Singapore Dollar [USD/SGD]
The US dollar weakened against the Singapore dollar in early trading on Thursday. At about 3:45 am ET, the pair touched a 3-day low of 1.4500, compared to yesterday's close of 1.4533. As of now, the pair is trading at 1.4519.
Hong Kong Dollar Hits 8-day High Against US Dollar [USD/HKD]
The Hong Kong dollar gained against the US dollar during early European deals on Thursday. However, in Asian trading, the pair moved sideways. Currently, the Hong Kong currency is trading at an 8-day high of 7.7998 versus the greenback. The US durable goods orders data for November and the consumer confidence data for December are expected later in the morning.
Stocks Close Sharply Higher Ahead Of Holiday - U.S. Commentary []
While trading activity was somewhat subdued, the markets closed Monday's holiday-shortened session with a "Santa Claus" rally. After trading in a tight range for most of the afternoon, stocks jumped higher in the last thirty minutes of trading and closed just off their highs.
Sterling Fell On Rate Cut Concern
Sterling dropped to a record low versus the euro on concern that the Bank of England may lower its interest rates again in the beginning of next year. The greenback is soft across the board as momentum market participants took profits.
The BOE rate cut speculation arose last week when the Bank of England released its December monetary policy meeting minutes, which showed a unanimous vote for a 25-bp rate cut this month. Also, the bank heightened the impact of recent financial market turmoil and the consequent credit market tightness on the economy and inflation. The BOE and Fed are both likely to have a couple of rate cuts in the coming year, which weigh on their currencies.
In contrast, the European Central Bank may keep its benchmark rate unchanged. The euro rose to 0.7311 versus the sterling, and tested a resistance level at 1.45 against the dollar.
Financial markets in Australia, Hong Kong and the UK are closed for the Boxing Day. Currency trading will remain very light towards the end of this year.
Tomorrow will see US durable goods orders report, weekly job report and consumer confidence. Durable goods orders are seen to rise 2.0% in November, compared with a 0.2% decline in the previous month. Core durable goods orders are likely to increase 0.3%, versus a prior month¡¯s reading of ¨C0.4%. Weekly initial claims are expected to change from 346k to 342k. US consumer confidence is estimated to fell from 87.3 to 86.5.
EURUSD will face interim resistance at 1.45, followed by 1.4530 and 1.4550. Additional ceilings will emerge at 1.4580, backed by 1.46. Support starts at 1.4470, backed by 1.4430, 1.44 and 1.4380. Subsequent floors are eyed at 1.4350.
GBPUSD encounters interim resistance at 1.98, backed by 1.9850 and 1.9870. Subsequent ceilings will emerge at 1.99, followed by 1.9930 and 1.9980. On the downside, support begins at 1.9760, followed by 1.9730 and 1.97. Additional floors are eyed at 1.9670, backed by 1.9650 and 1.9620.
USDJPY encounters interim resistance at 114.50, backed by 114.80 and 115. Subsequent ceilings will emerge at 115.30, followed by 115.50 and 116. On the downside, support begins at 114.20 and 114, followed by 113.80. Additional floors are eyed at 113.50, backed by 113.20 and 113.
Wednesday, December 26, 2007
Stocks Are Mixed In Late Morning Trading - U.S. Commentary []
Stocks Are Mixed In Late Morning Trading - U.S. Commentary []
Stocks remain mixed in Thursday's late morning trading, as investor continue to worry about the economy after a volatile previous session. The major averages opened higher after Oracle (ORCL) posted better than expected earnings, but only the tech-heavy Nasdaq has stayed in positive territory.
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.
South Korean Stocks Open Higher On Wall Street Lead []
Monday, Seoul stocks opened higher, tracking Wall Street's gains on Friday. The benchmark KOSPI Index was gaining 36.61 points or 1.95% to 1,914.93.
Stocks remain mixed in Thursday's late morning trading, as investor continue to worry about the economy after a volatile previous session. The major averages opened higher after Oracle (ORCL) posted better than expected earnings, but only the tech-heavy Nasdaq has stayed in positive territory.
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.
South Korean Stocks Open Higher On Wall Street Lead []
Monday, Seoul stocks opened higher, tracking Wall Street's gains on Friday. The benchmark KOSPI Index was gaining 36.61 points or 1.95% to 1,914.93.
New Zealand Stocks Trade In The Green []
New Zealand Stocks Trade In The Green []
Monday, Wellington stocks were trading in the green. The benchmark NZX 50 Index was adding 19.42 points or 0.49% to 4,012.93, while the NZX All Capital Index was gaining 17.75 points or 0.44% to 4,070.95.
South Korean Market Rises, Led By Banks []
Friday, Seoul shares were trading higher, amid volatility, following modest gains on Wall Street overnight on Oracle's strong results. At 11:00 a.m. local time, the benchmark KOSPI Index was adding 7.78 points or 0.42% to 1,852.15. The key index opened 0.6%higher.
Stocks Turn In A Strong Performance On RIM And Merrill News - U.S. Commentary []
Wall Street saw notable gains on Friday, as positive earnings boosted the tech-heavy Nasdaq and news that Merrell Lynch (MER) may receive a cash infusion buoyed the blue chip index. The markets benefited from strength in a variety of sectors.
Stocks Holding Onto Strong Gains In Late Morning Trading - U.S. Commentary []
With better than expected earnings boosting the technology sector, stocks are extending yesterday's gains through a second day on Friday. The major averages have pulled back off their highs for the day, but they remain firmly above the unchanged line.
China Stocks Called Higher []
The Chinese stock market has finished higher in three straight sessions, and analysts are calling for the Shanghai Composite Index to continue its climb as the market prepares to open for business on Monday. The SCI has regained the 5,100 point mark for its strongest close since December 11.
Stocks Show A Strong Upward Move At The Start Of Trading - U.S. Commentary []
Stocks showed a strong upward move at the start of trading on Friday, with the major averages seeing some further upside after they all ended the previous session in positive territory. The tech-heavy Nasdaq showed a notable advance, reflecting strength in the tech sector.
Stocks Seeing Some Weakness Amid Concerns About Holiday Spending - U.S. Commentary []
After posting strong gains in the holiday-shortened previous session, the U.S. stock markets are seeing some weakness in morning trading on Wednesday. Stocks have moved mostly lower due in part to concerns about the strength of holiday spending.
Australian Market Rebounds; Banking Stocks Rise []
Friday, Australian shares closed sharply higher on bargain hunting, reversing a seven-day losing streak. The benchmark S&P/ASX 200 Index closed up 70.1 points or 1.1% at 6,247.0. The broader-based All Ordinaries Index climbed 64.6 points or 1.0% to close at 6,309.4.
Monday, Wellington stocks were trading in the green. The benchmark NZX 50 Index was adding 19.42 points or 0.49% to 4,012.93, while the NZX All Capital Index was gaining 17.75 points or 0.44% to 4,070.95.
South Korean Market Rises, Led By Banks []
Friday, Seoul shares were trading higher, amid volatility, following modest gains on Wall Street overnight on Oracle's strong results. At 11:00 a.m. local time, the benchmark KOSPI Index was adding 7.78 points or 0.42% to 1,852.15. The key index opened 0.6%higher.
Stocks Turn In A Strong Performance On RIM And Merrill News - U.S. Commentary []
Wall Street saw notable gains on Friday, as positive earnings boosted the tech-heavy Nasdaq and news that Merrell Lynch (MER) may receive a cash infusion buoyed the blue chip index. The markets benefited from strength in a variety of sectors.
Stocks Holding Onto Strong Gains In Late Morning Trading - U.S. Commentary []
With better than expected earnings boosting the technology sector, stocks are extending yesterday's gains through a second day on Friday. The major averages have pulled back off their highs for the day, but they remain firmly above the unchanged line.
China Stocks Called Higher []
The Chinese stock market has finished higher in three straight sessions, and analysts are calling for the Shanghai Composite Index to continue its climb as the market prepares to open for business on Monday. The SCI has regained the 5,100 point mark for its strongest close since December 11.
Stocks Show A Strong Upward Move At The Start Of Trading - U.S. Commentary []
Stocks showed a strong upward move at the start of trading on Friday, with the major averages seeing some further upside after they all ended the previous session in positive territory. The tech-heavy Nasdaq showed a notable advance, reflecting strength in the tech sector.
Stocks Seeing Some Weakness Amid Concerns About Holiday Spending - U.S. Commentary []
After posting strong gains in the holiday-shortened previous session, the U.S. stock markets are seeing some weakness in morning trading on Wednesday. Stocks have moved mostly lower due in part to concerns about the strength of holiday spending.
Australian Market Rebounds; Banking Stocks Rise []
Friday, Australian shares closed sharply higher on bargain hunting, reversing a seven-day losing streak. The benchmark S&P/ASX 200 Index closed up 70.1 points or 1.1% at 6,247.0. The broader-based All Ordinaries Index climbed 64.6 points or 1.0% to close at 6,309.4.
Swiss Currency Advances Against Yen [CHF/JPY]
Swiss Currency Advances Against Yen [CHF/JPY]
The Swiss currency advanced against the Japanese yen in trading on Wednesday. The rise brought the franc to a mark of 99.10 as trading progressed into the mid morning. The pair moved as Bank of Japan board member Hidetoshi Kamezaki said Wednesday that the Japanese economy is growing moderately, but the growth is further impacted by a sluggish housing market.
Stocks Trade Mixed In Early Deals - Asian Commentary []
Wednesday, stock markets across the Asia-Pacific region were trading mixed after Wall Street extended its gains on Monday following news that Merrill Lynch will receive an investment of up to US$6.2 billion from Singapore's government-controlled investment fund, Temasek Holdings, and U.S.-based money manager Davis Selected Advisors.
The Swiss currency advanced against the Japanese yen in trading on Wednesday. The rise brought the franc to a mark of 99.10 as trading progressed into the mid morning. The pair moved as Bank of Japan board member Hidetoshi Kamezaki said Wednesday that the Japanese economy is growing moderately, but the growth is further impacted by a sluggish housing market.
Stocks Trade Mixed In Early Deals - Asian Commentary []
Wednesday, stock markets across the Asia-Pacific region were trading mixed after Wall Street extended its gains on Monday following news that Merrill Lynch will receive an investment of up to US$6.2 billion from Singapore's government-controlled investment fund, Temasek Holdings, and U.S.-based money manager Davis Selected Advisors.
China Stocks Called Higher []
China Stocks Called Higher []
The Chinese stock market has finished higher in three straight sessions, and analysts are calling for the Shanghai Composite Index to continue its climb as the market prepares to open for business on Monday. The SCI has regained the 5,100 point mark for its strongest close since December 11.
Stocks Rise On Wall Street Gains - Asian Commentary []
Friday, stock markets across the Asia-Pacific region were trading higher after the U.S. stocks finished moderately up after investors set aside some concerns about downbeat economic reports and focused on strong profits from Oracle.
Australian Market Rebounds; Banking Stocks Rise []
Friday, Australian shares closed sharply higher on bargain hunting, reversing a seven-day losing streak. The benchmark S&P/ASX 200 Index closed up 70.1 points or 1.1% at 6,247.0. The broader-based All Ordinaries Index climbed 64.6 points or 1.0% to close at 6,309.4.
South Korean Stocks Open Higher On Wall Street Lead []
Monday, Seoul stocks opened higher, tracking Wall Street's gains on Friday. The benchmark KOSPI Index was gaining 36.61 points or 1.95% to 1,914.93.
South Korean Market Edges Lower Amid Volatility []
Wednesday, Seoul shares were trading lower, amid volatility, after opening higher on the back of extended gains on Wall Street on Monday. At 10:25 a.m. local time, the benchmark KOSPI index was down 3.02 points or 0.16% at 1,916.45. South Korean markets were closed on Tuesday for Christmas.
KOSPI Likely To Extend Gains []
On the final day of trade before the Christmas holiday, the South Korean stock market is poised to test the 1,900 point mark once again as the KOSPI prepares to open for business on Monday. The market has been choppy since last week's election named Lee Myung-Bak as South Korea's next president amidst light volume ahead of the year-end holidays.
The Chinese stock market has finished higher in three straight sessions, and analysts are calling for the Shanghai Composite Index to continue its climb as the market prepares to open for business on Monday. The SCI has regained the 5,100 point mark for its strongest close since December 11.
Stocks Rise On Wall Street Gains - Asian Commentary []
Friday, stock markets across the Asia-Pacific region were trading higher after the U.S. stocks finished moderately up after investors set aside some concerns about downbeat economic reports and focused on strong profits from Oracle.
Australian Market Rebounds; Banking Stocks Rise []
Friday, Australian shares closed sharply higher on bargain hunting, reversing a seven-day losing streak. The benchmark S&P/ASX 200 Index closed up 70.1 points or 1.1% at 6,247.0. The broader-based All Ordinaries Index climbed 64.6 points or 1.0% to close at 6,309.4.
South Korean Stocks Open Higher On Wall Street Lead []
Monday, Seoul stocks opened higher, tracking Wall Street's gains on Friday. The benchmark KOSPI Index was gaining 36.61 points or 1.95% to 1,914.93.
South Korean Market Edges Lower Amid Volatility []
Wednesday, Seoul shares were trading lower, amid volatility, after opening higher on the back of extended gains on Wall Street on Monday. At 10:25 a.m. local time, the benchmark KOSPI index was down 3.02 points or 0.16% at 1,916.45. South Korean markets were closed on Tuesday for Christmas.
KOSPI Likely To Extend Gains []
On the final day of trade before the Christmas holiday, the South Korean stock market is poised to test the 1,900 point mark once again as the KOSPI prepares to open for business on Monday. The market has been choppy since last week's election named Lee Myung-Bak as South Korea's next president amidst light volume ahead of the year-end holidays.
Singapore Stocks Likely To Continue Rise []
Singapore Stocks Likely To Continue Rise []
After days of choppy trade, the Singapore stock market appears ready to regain 3,400 points when the Straits Times Index opens for business on Monday. The market will be closed Tuesday for the Christmas holiday before re-opening on Wednesday.
Australian Market Rebounds; Banking Stocks Rise []
Friday, Australian shares closed sharply higher on bargain hunting, reversing a seven-day losing streak. The benchmark S&P/ASX 200 Index closed up 70.1 points or 1.1% at 6,247.0. The broader-based All Ordinaries Index climbed 64.6 points or 1.0% to close at 6,309.4.
Euro Adds To Historic Highs Versus The Sterling, Firms P Versus Dollar [EUR/USD]
The euro extended its record highs versus the sterling and gained on the dollar and yen Monday morning in New York. With little economic data available and many traders getting ahead start on the Christmas holiday, trading was relatively quiet.
Yen Slightly Higher In Asian Trading [USD/JPY]
Wednesday morning in Asia, the Japanese yen gained ground against its major counterparts. Early Asian deals were likely to have been influenced by the Bank of Japan's monetary policy meeting minutes.
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.
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.
Dollar Little Changed In Quiet Dealing Monday Morning [EUR/USD]
The dollar eased slightly versus the euro but was steady versus the sterling and yen Monday morning in New York. Trading was quiet, with many investors away from their desks ahead of the Christmas holiday.
Dollar Adds To Recent Highs Versus Sterling And Yen On Christmas Eve [EUR/USD]
The dollar extended its recent highs versus the sterling and yen but eased a bit versus the euro Monday morning in New York. Trading was quiet, with many investors away from their desks ahead of the Christmas holiday.
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.
After days of choppy trade, the Singapore stock market appears ready to regain 3,400 points when the Straits Times Index opens for business on Monday. The market will be closed Tuesday for the Christmas holiday before re-opening on Wednesday.
Australian Market Rebounds; Banking Stocks Rise []
Friday, Australian shares closed sharply higher on bargain hunting, reversing a seven-day losing streak. The benchmark S&P/ASX 200 Index closed up 70.1 points or 1.1% at 6,247.0. The broader-based All Ordinaries Index climbed 64.6 points or 1.0% to close at 6,309.4.
Euro Adds To Historic Highs Versus The Sterling, Firms P Versus Dollar [EUR/USD]
The euro extended its record highs versus the sterling and gained on the dollar and yen Monday morning in New York. With little economic data available and many traders getting ahead start on the Christmas holiday, trading was relatively quiet.
Yen Slightly Higher In Asian Trading [USD/JPY]
Wednesday morning in Asia, the Japanese yen gained ground against its major counterparts. Early Asian deals were likely to have been influenced by the Bank of Japan's monetary policy meeting minutes.
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.
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.
Dollar Little Changed In Quiet Dealing Monday Morning [EUR/USD]
The dollar eased slightly versus the euro but was steady versus the sterling and yen Monday morning in New York. Trading was quiet, with many investors away from their desks ahead of the Christmas holiday.
Dollar Adds To Recent Highs Versus Sterling And Yen On Christmas Eve [EUR/USD]
The dollar extended its recent highs versus the sterling and yen but eased a bit versus the euro Monday morning in New York. Trading was quiet, with many investors away from their desks ahead of the Christmas holiday.
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.
Tuesday, December 25, 2007
Canadian Dollar Advances Further Against Majors [USD/CAD]
Canadian Dollar Advances Further Against Majors [USD/CAD]
The Canadian dollar has been moving further higher against its US, European and the Japanese counterparts during the European session on Monday. Currently, the loonie is trading near 0.9894 versus the greenback, 1.4240 against the euro and 115.37 versus the yen.
The Canadian dollar has been moving further higher against its US, European and the Japanese counterparts during the European session on Monday. Currently, the loonie is trading near 0.9894 versus the greenback, 1.4240 against the euro and 115.37 versus the yen.
Dollar Inches Higher Versus Yen; At Month And A Half Peak [USD/JPY]
Dollar Inches Higher Versus Yen; At Month And A Half Peak [USD/JPY]
The dollar extended its gains from the previous session against the yen just ahead of the opening bell on Wall Street. The greenback advanced to 114.30, its highest level since early November.
Euro Adds To Historic Highs Versus The Sterling, Firms P Versus Dollar [EUR/USD]
The euro extended its record highs versus the sterling and gained on the dollar and yen Monday morning in New York. With little economic data available and many traders getting ahead start on the Christmas holiday, trading was relatively quiet.
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.
Stocks Likely To See Early Strength In Holiday-Shortened Session - U.S. Commentary []
Stocks are likely to see modest strength in early trading on Monday, with the major U.S. index futures indicating a higher open. Nonetheless, trading activity is likely to be subdued ahead of the Christmas Day holiday on Tuesday.
US Stocks Poised For Lackluster Start To Abbreviated Christmas Eve Session []
US stocks were poised for a lackluster start to Monday's abbreviated session on Christmas Eve. Markets will close at 1 pm ET. Trading is expected to be light today and Wall Street will be closed for Christmas on Tuesday.
Euro Shows Choppy Trading Against Dollar, Surges Against Other Majors [EUR/USD]
During the early European session on Monday, the European currency showed choppy trading versus the US dollar. But the euro surged against the rest of majors. The euro jumped to a new multi-year high against the pound, while it reached multi-day highs against the yen and the franc.
British Pound Mixed In Trading Against Majors [GBP/USD]
The British pound showed a mixed performance against its major counterparts in the early European deals on Monday. While the pound slipped to new lows against the euro and the dollar, it advanced versus the franc. Against the yen, the British currency showed infirmity in direction during this time.
The dollar extended its gains from the previous session against the yen just ahead of the opening bell on Wall Street. The greenback advanced to 114.30, its highest level since early November.
Euro Adds To Historic Highs Versus The Sterling, Firms P Versus Dollar [EUR/USD]
The euro extended its record highs versus the sterling and gained on the dollar and yen Monday morning in New York. With little economic data available and many traders getting ahead start on the Christmas holiday, trading was relatively quiet.
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.
Stocks Likely To See Early Strength In Holiday-Shortened Session - U.S. Commentary []
Stocks are likely to see modest strength in early trading on Monday, with the major U.S. index futures indicating a higher open. Nonetheless, trading activity is likely to be subdued ahead of the Christmas Day holiday on Tuesday.
US Stocks Poised For Lackluster Start To Abbreviated Christmas Eve Session []
US stocks were poised for a lackluster start to Monday's abbreviated session on Christmas Eve. Markets will close at 1 pm ET. Trading is expected to be light today and Wall Street will be closed for Christmas on Tuesday.
Euro Shows Choppy Trading Against Dollar, Surges Against Other Majors [EUR/USD]
During the early European session on Monday, the European currency showed choppy trading versus the US dollar. But the euro surged against the rest of majors. The euro jumped to a new multi-year high against the pound, while it reached multi-day highs against the yen and the franc.
British Pound Mixed In Trading Against Majors [GBP/USD]
The British pound showed a mixed performance against its major counterparts in the early European deals on Monday. While the pound slipped to new lows against the euro and the dollar, it advanced versus the franc. Against the yen, the British currency showed infirmity in direction during this time.
Canadian Dollar Extends 3-week Highs Versus Greenback [USD/CAD]
Canadian Dollar Extends 3-week Highs Versus Greenback [USD/CAD]
The Canadian dollar extended last week's gains versus the greenback Monday morning, rising to a fresh 3-week high of .987. Trading was relatively subdued, with many market players taking a breather ahead of the Christmas holiday.
Dollar Inches Higher Versus Yen; At Month And A Half Peak [USD/JPY]
The dollar extended its gains from the previous session against the yen just ahead of the opening bell on Wall Street. The greenback advanced to 114.30, its highest level since early November.
The Canadian dollar extended last week's gains versus the greenback Monday morning, rising to a fresh 3-week high of .987. Trading was relatively subdued, with many market players taking a breather ahead of the Christmas holiday.
Dollar Inches Higher Versus Yen; At Month And A Half Peak [USD/JPY]
The dollar extended its gains from the previous session against the yen just ahead of the opening bell on Wall Street. The greenback advanced to 114.30, its highest level since early November.
Hang Seng Likely To Remain Range-bound []
Hang Seng Likely To Remain Range-bound []
After a virtually flat trading day on Thursday, the Hong Kong stock market is likely to see fairly light activity again Friday at the close of the business week, and ahead of the holiday season. Volume reached a three-month low, and that mark could be tested as early as later today.
Singapore Stocks Likely To Continue Rise []
After days of choppy trade, the Singapore stock market appears ready to regain 3,400 points when the Straits Times Index opens for business on Monday. The market will be closed Tuesday for the Christmas holiday before re-opening on Wednesday.
After a virtually flat trading day on Thursday, the Hong Kong stock market is likely to see fairly light activity again Friday at the close of the business week, and ahead of the holiday season. Volume reached a three-month low, and that mark could be tested as early as later today.
Singapore Stocks Likely To Continue Rise []
After days of choppy trade, the Singapore stock market appears ready to regain 3,400 points when the Straits Times Index opens for business on Monday. The market will be closed Tuesday for the Christmas holiday before re-opening on Wednesday.
US Stocks Poised For Lackluster Start To Abbreviated Christmas Eve Session []
US Stocks Poised For Lackluster Start To Abbreviated Christmas Eve Session []
US stocks were poised for a lackluster start to Monday's abbreviated session on Christmas Eve. Markets will close at 1 pm ET. Trading is expected to be light today and Wall Street will be closed for Christmas on Tuesday.
US stocks were poised for a lackluster start to Monday's abbreviated session on Christmas Eve. Markets will close at 1 pm ET. Trading is expected to be light today and Wall Street will be closed for Christmas on Tuesday.
European Markets Fall On Trichet Comments - European Commentary []
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.
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.
Stocks Initially Seeing Choppy Trading - U.S. Commentary []
After seeing significant volatility in the previous sessions, stocks are showing a lack of direction in early trading on Wednesday. The major averages have been bouncing back and forth across the unchanged line in the first few minutes of the session.
Stocks Show A Strong Upward Move At The Start Of Trading - U.S. Commentary []
Stocks showed a strong upward move at the start of trading on Friday, with the major averages seeing some further upside after they all ended the previous session in positive territory. The tech-heavy Nasdaq showed a notable advance, reflecting strength in the tech sector.
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.
European Markets Rise On Strong Oils, Economic Data - European Commentary []
The European markets rose for the first time in four days on Thursday after reports showed that the U.K. economy grew at a faster pace than expected in the third quarter and German consumer confidence unexpectedly recovered. Heavily weighted energy stocks climbed along with crude oil prices and lent support to the markets.
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 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 Sharply Higher Ahead Of Holiday - U.S. Commentary []
While trading activity was somewhat subdued, the markets closed Monday's holiday-shortened session with a "Santa Claus" rally. After trading in a tight range for most of the afternoon, stocks jumped higher in the last thirty minutes of trading and closed just off their highs.
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.
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.
Stocks Initially Seeing Choppy Trading - U.S. Commentary []
After seeing significant volatility in the previous sessions, stocks are showing a lack of direction in early trading on Wednesday. The major averages have been bouncing back and forth across the unchanged line in the first few minutes of the session.
Stocks Show A Strong Upward Move At The Start Of Trading - U.S. Commentary []
Stocks showed a strong upward move at the start of trading on Friday, with the major averages seeing some further upside after they all ended the previous session in positive territory. The tech-heavy Nasdaq showed a notable advance, reflecting strength in the tech sector.
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.
European Markets Rise On Strong Oils, Economic Data - European Commentary []
The European markets rose for the first time in four days on Thursday after reports showed that the U.K. economy grew at a faster pace than expected in the third quarter and German consumer confidence unexpectedly recovered. Heavily weighted energy stocks climbed along with crude oil prices and lent support to the markets.
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 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 Sharply Higher Ahead Of Holiday - U.S. Commentary []
While trading activity was somewhat subdued, the markets closed Monday's holiday-shortened session with a "Santa Claus" rally. After trading in a tight range for most of the afternoon, stocks jumped higher in the last thirty minutes of trading and closed just off their highs.
Monday, December 24, 2007
Light Volume For Hong Kong Stocks []
Light Volume For Hong Kong Stocks []
Ahead of the Christmas holiday, trade in the Hong Kong stock market is projected to be especially light and tightly range-bound as the Hang Seng Index prepares for business on Monday. The market will be open for a half-day on Monday and then close for all of Tuesday and Wednesday before re-opening on Thursday.
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.
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.
Asian Markets Close Higher Tracking Strong Global Cues-Asian Commentary []
Most bourses in Asia- pacific region traded in abbreviated session or remained closed on Monday. Japanese market was closed for the Emperor's birthday.
Ahead of the Christmas holiday, trade in the Hong Kong stock market is projected to be especially light and tightly range-bound as the Hang Seng Index prepares for business on Monday. The market will be open for a half-day on Monday and then close for all of Tuesday and Wednesday before re-opening on Thursday.
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.
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.
Asian Markets Close Higher Tracking Strong Global Cues-Asian Commentary []
Most bourses in Asia- pacific region traded in abbreviated session or remained closed on Monday. Japanese market was closed for the Emperor's birthday.
Sunday, December 23, 2007
Stocks Rally Back To The Upside In Mid-Afternoon Trading - U.S. Commentary []
Stocks Rally Back To The Upside In Mid-Afternoon Trading - U.S. Commentary []
The markets have climbed back to the upside in mid-afternoon trading on Tuesday, with the major averages moving well above the unchanged line. Stocks have been moving on either side of the unchanged line during the day as positive earnings were reported earlier in the day.
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 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 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 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.
The markets have climbed back to the upside in mid-afternoon trading on Tuesday, with the major averages moving well above the unchanged line. Stocks have been moving on either side of the unchanged line during the day as positive earnings were reported earlier in the day.
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 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 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 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.
Futures Indicating Flat Opening In Europe As French GDP, Rate Worries Loom - European Commentary []
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.
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 Fall, Led By Banks, Commodities - European Commentary []
European Markets Fall, Led By Banks, Commodities - European Commentary []
The European markets fell sharply on Thursday, as banking stocks declined following warnings of further writedowns from Bank of America and Wachovia while mining and energy stocks slipped after copper and crude oil prices dropped.
European Markets Rise On Strong Oils, Economic Data - European Commentary []
The European markets rose for the first time in four days on Thursday after reports showed that the U.K. economy grew at a faster pace than expected in the third quarter and German consumer confidence unexpectedly recovered. Heavily weighted energy stocks climbed along with crude oil prices and lent support to the markets.
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.
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.
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 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 Turn In A Strong Performance On RIM And Merrill News - U.S. Commentary []
Wall Street saw notable gains on Friday, as positive earnings boosted the tech-heavy Nasdaq and news that Merrell Lynch (MER) may receive a cash infusion buoyed the blue chip index. The markets benefited from strength in a variety of sectors.
The European markets fell sharply on Thursday, as banking stocks declined following warnings of further writedowns from Bank of America and Wachovia while mining and energy stocks slipped after copper and crude oil prices dropped.
European Markets Rise On Strong Oils, Economic Data - European Commentary []
The European markets rose for the first time in four days on Thursday after reports showed that the U.K. economy grew at a faster pace than expected in the third quarter and German consumer confidence unexpectedly recovered. Heavily weighted energy stocks climbed along with crude oil prices and lent support to the markets.
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.
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.
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 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 Turn In A Strong Performance On RIM And Merrill News - U.S. Commentary []
Wall Street saw notable gains on Friday, as positive earnings boosted the tech-heavy Nasdaq and news that Merrell Lynch (MER) may receive a cash infusion buoyed the blue chip index. The markets benefited from strength in a variety of sectors.
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 Continue To Show A Lack Of Direction In Mid-Afternoon Trading - U.S. Commentary []
Without having much economic news to guide the markets, stocks are turning in a lackluster performance in mid-afternoon trading on Wednesday. The major averages have bounced back and forth across the session throughout the trading day.
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 Continue To Show A Lack Of Direction In Mid-Afternoon Trading - U.S. Commentary []
Without having much economic news to guide the markets, stocks are turning in a lackluster performance in mid-afternoon trading on Wednesday. The major averages have bounced back and forth across the session throughout the trading day.