US Dollar Edges Down Against Hong Kong Currency [USD/HKD]
The US dollar edged down against the Hong Kong dollar Monday during early deals. The pair remained range-bound around 7.806 in Asian deals today, but the Hong Kong currency gained ground in early European hours. The greenback is now worth 7.8036 Hong Kong dollars.
European Markets Fall, Led By Food And Beverage Stocks - European Commentary []
The European markets fell on Friday, as shares of food and beverage companies dropped after analysts warned that slowing consumer spending and higher commodity prices would hurt the sectors' earnings.
New Zealand Shares Look To Rebounc []
New Zealand Stocks open the week looking to avoid the down-side lead-in provided by Wall Street.
China Market Due For Correction []
Bucking the global trend, the China stock market has now finished higher in seven of eight sessions in 2008 - but the volatility in Friday's session suggests that the Shanghai Composite Index might be in for a minor correction when the market opens for business on Monday.
More Record Territory For Malaysian Stocks? []
The Malaysian stock market has posted record closes in each of its last five sessions, and analysts say that the potential for more upside remains as the Kuala Lumpur Composite Index prepares to kick off trade on Monday. The KLCI advanced more than 3 percent in four trading days last week.
Pound Extends Weakness Against Majors [GBP/USD]
The British sterling extended its weakness against its major counterparts by about 7.47 am ET. As of now, the pound is trading near 0.7596 against the euro, 2.1414 against the Swiss franc and 1.9599 against the US dollar.
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Monday, January 14, 2008
Sunday, January 13, 2008
Support Seen For Thai Market []
Support Seen For Thai Market []
The Thai stock market saw its modest two-day winning streak grind to a halt Thursday as the market dipped perilously close to the critical support level of 800 points. With positive global cues, the Stock Exchange of Thailand is expected to rebound, albeit in a tight range, when the SET opens for business on Friday.
New Zealand Shares Look For Week-Ending Rebound []
New Zealand shares look to close the week with a rebound off of another up-side lead from Wall Street.
Euro Mixed Versus Major Counterparts [EUR/USD]
The euro experienced mixed trading against the other major currencies Friday in New York. The euro reached a fresh all-time high versus the sterling but fell against the yen. Traders considered news that German wholesale prices rose less than expected last month.
Loonie Plunges To 4-week Low Versus Dollar As Oil Prices Fall, Canada Loses Jobs [USD/CAD]
The loonie plunged more than one Canadian cent versus the dollar Friday morning in New York, slipping to a 4-week low of 1.022 as the price of oil continued to pull back from its record highs.
European Markets Fall, Led By Retailers - European Commentary []
The European markets fell on Wednesday, as Marks & Spencer led retailers lower after reporting its first same-store sales decline in 2 1/2 years.
Swiss Franc Sees Little Direction Versus Pound [GBP/CHF]
In trading against its British counterpart on Friday, the Swiss franc saw little direction. By the mid morning, the franc had bounced between a low of 2.1615 and a high of 2.2106 versus the pound. In the UK, the Office for National Statistics stated that industrial production fell 0.1% in November, following a 0.5% growth registered in October.
Yen Advances Versus Pound And Euro [USD/JPY]
The yen rose against the euro and the sterling on Friday in New York but remained uncertain versus the greenback.
Australia Stocks Expected To Open Higher Off Wall Street Boost []
Australia stocks are poised to open higher on Friday, coming off of Wall Street's second straight day of triple-digit gains, and comments by Fed Chairman Ben Bernanke that make a U.S. interest rate reduction in January more likely.
More Record Territory For Malaysian Stocks? []
The Malaysian stock market has posted record closes in each of its last five sessions, and analysts say that the potential for more upside remains as the Kuala Lumpur Composite Index prepares to kick off trade on Monday. The KLCI advanced more than 3 percent in four trading days last week.
The Thai stock market saw its modest two-day winning streak grind to a halt Thursday as the market dipped perilously close to the critical support level of 800 points. With positive global cues, the Stock Exchange of Thailand is expected to rebound, albeit in a tight range, when the SET opens for business on Friday.
New Zealand Shares Look For Week-Ending Rebound []
New Zealand shares look to close the week with a rebound off of another up-side lead from Wall Street.
Euro Mixed Versus Major Counterparts [EUR/USD]
The euro experienced mixed trading against the other major currencies Friday in New York. The euro reached a fresh all-time high versus the sterling but fell against the yen. Traders considered news that German wholesale prices rose less than expected last month.
Loonie Plunges To 4-week Low Versus Dollar As Oil Prices Fall, Canada Loses Jobs [USD/CAD]
The loonie plunged more than one Canadian cent versus the dollar Friday morning in New York, slipping to a 4-week low of 1.022 as the price of oil continued to pull back from its record highs.
European Markets Fall, Led By Retailers - European Commentary []
The European markets fell on Wednesday, as Marks & Spencer led retailers lower after reporting its first same-store sales decline in 2 1/2 years.
Swiss Franc Sees Little Direction Versus Pound [GBP/CHF]
In trading against its British counterpart on Friday, the Swiss franc saw little direction. By the mid morning, the franc had bounced between a low of 2.1615 and a high of 2.2106 versus the pound. In the UK, the Office for National Statistics stated that industrial production fell 0.1% in November, following a 0.5% growth registered in October.
Yen Advances Versus Pound And Euro [USD/JPY]
The yen rose against the euro and the sterling on Friday in New York but remained uncertain versus the greenback.
Australia Stocks Expected To Open Higher Off Wall Street Boost []
Australia stocks are poised to open higher on Friday, coming off of Wall Street's second straight day of triple-digit gains, and comments by Fed Chairman Ben Bernanke that make a U.S. interest rate reduction in January more likely.
More Record Territory For Malaysian Stocks? []
The Malaysian stock market has posted record closes in each of its last five sessions, and analysts say that the potential for more upside remains as the Kuala Lumpur Composite Index prepares to kick off trade on Monday. The KLCI advanced more than 3 percent in four trading days last week.
Stocks Remain Higher In Late Morning Trading - U.S. Commentary []
Stocks Remain Higher In Late Morning Trading - U.S. Commentary []
While they are well off their highs posted earlier in the day, stocks remain higher in late-morning trading on Wednesday. Concerns abound on the state of the economy and investors remain cautious going into earnings season. Today's gains are most likely coming from bargain hunters, as they buy up downtrodden tech stocks.
European Markets Fall, Led By Food And Beverage Stocks - European Commentary []
The European markets fell on Friday, as shares of food and beverage companies dropped after analysts warned that slowing consumer spending and higher commodity prices would hurt the sectors' earnings.
Indian Market Opens Sharply Higher []
Thursday, Indian shares opened sharply higher despite mixed cues from global markets. At 10:00 a.m. IST, the benchmark Sensex was up 180 points at 21,050 and the broader Nifty was adding 28 points to 6,300.
While they are well off their highs posted earlier in the day, stocks remain higher in late-morning trading on Wednesday. Concerns abound on the state of the economy and investors remain cautious going into earnings season. Today's gains are most likely coming from bargain hunters, as they buy up downtrodden tech stocks.
European Markets Fall, Led By Food And Beverage Stocks - European Commentary []
The European markets fell on Friday, as shares of food and beverage companies dropped after analysts warned that slowing consumer spending and higher commodity prices would hurt the sectors' earnings.
Indian Market Opens Sharply Higher []
Thursday, Indian shares opened sharply higher despite mixed cues from global markets. At 10:00 a.m. IST, the benchmark Sensex was up 180 points at 21,050 and the broader Nifty was adding 28 points to 6,300.
Dollar Holds Steady Versus Real Amid Release Of Brazilian Consumer Price Data [USD/BRL]
Dollar Holds Steady Versus Real Amid Release Of Brazilian Consumer Price Data [USD/BRL]
The greenback extended its run of choppy dealing versus the Brazilian real Friday morning in New York amid the release of data showing that Brazil's consumer prices rose in line with expectations in December.
European Markets To Open Lower Amid U.S. Recession Fears - European Commentary []
European futures are indicating a lower open as traders eye yet another fall in Asian equity prices and experts across the globe continue to worry about the state of the U.S. economy following Friday's disappointing jobs data.
Stocks Mixed In Late Morning Trading - U.S. Commentary []
In late-morning trading on Tuesday, stocks have pulled back off their highs after seeing earlier strength. The major averages have moved to the downside, with the Dow slipping into negative territory.
BMO Capital Examines US Trade Deficit Data []
Sal Guatieri of BMO Capital Markets Economics commented on Friday that the U.S. trade deficit increased the most in two years to a 14-month high of $63.1 billion in November, as soaring oil costs pumped imports 3.0%.
Stocks May Show A Lack Of Direction In Early Trading - U.S. Commentary []
After falling sharply in the latter part of the previous session, stocks may show a lack of direction in early trading on Wednesday. The major U.S. index futures are indicating a roughly flat open for the markets, as traders continue to express uncertainty about the outlook for the economy.
Stocks Close Higher After A Choppy Trading Session - U.S. Commentary []
Wall Street ended a choppy session on the positive side on Wednesday. The markets started the day positive, but moved below the unchanged line in late-morning trading. After trying to recover, the markets fell even further before changing course in the last two hours of the day.
US Stocks Poised For Modest Rebound Wednesday Morning After Slumping Into Correction Mode []
US stocks were set to open modestly higher on Wednesday morning after stocks plummeted into correction mode in the previous session.
Greenback Uncertain Versus Mexican Peso [USD/MXN]
The dollar traded in a range on Friday with the Mexican peso. The pair bounced between 10.9543 and 10.9146 through most of the day's trading. Investors considered a report released yesterday showing Mexican annual inflation jumped to a five-year high in December.
The greenback extended its run of choppy dealing versus the Brazilian real Friday morning in New York amid the release of data showing that Brazil's consumer prices rose in line with expectations in December.
European Markets To Open Lower Amid U.S. Recession Fears - European Commentary []
European futures are indicating a lower open as traders eye yet another fall in Asian equity prices and experts across the globe continue to worry about the state of the U.S. economy following Friday's disappointing jobs data.
Stocks Mixed In Late Morning Trading - U.S. Commentary []
In late-morning trading on Tuesday, stocks have pulled back off their highs after seeing earlier strength. The major averages have moved to the downside, with the Dow slipping into negative territory.
BMO Capital Examines US Trade Deficit Data []
Sal Guatieri of BMO Capital Markets Economics commented on Friday that the U.S. trade deficit increased the most in two years to a 14-month high of $63.1 billion in November, as soaring oil costs pumped imports 3.0%.
Stocks May Show A Lack Of Direction In Early Trading - U.S. Commentary []
After falling sharply in the latter part of the previous session, stocks may show a lack of direction in early trading on Wednesday. The major U.S. index futures are indicating a roughly flat open for the markets, as traders continue to express uncertainty about the outlook for the economy.
Stocks Close Higher After A Choppy Trading Session - U.S. Commentary []
Wall Street ended a choppy session on the positive side on Wednesday. The markets started the day positive, but moved below the unchanged line in late-morning trading. After trying to recover, the markets fell even further before changing course in the last two hours of the day.
US Stocks Poised For Modest Rebound Wednesday Morning After Slumping Into Correction Mode []
US stocks were set to open modestly higher on Wednesday morning after stocks plummeted into correction mode in the previous session.
Greenback Uncertain Versus Mexican Peso [USD/MXN]
The dollar traded in a range on Friday with the Mexican peso. The pair bounced between 10.9543 and 10.9146 through most of the day's trading. Investors considered a report released yesterday showing Mexican annual inflation jumped to a five-year high in December.
Weakness Persists On Wall Street On Mid-Afternoon Trading - U.S. Commentary []
Weakness Persists On Wall Street On Mid-Afternoon Trading - U.S. Commentary []
Wall Street continues to see considerable weakness in mid-afternoon trading on Friday. The major averages have remained below the unchanged line throughout the day thus far after closing higher in the two previous sessions.
Dollar Pauses Versus Majors On Friday [EUR/USD]
The greenback showed a lack of direction versus its major counterparts on Friday as investors weighed data showing that the US trade deficit widened more than economists had expected.
Stocks Turning In A Lackluster Performance In Early Trading - U.S. Commentary []
Stocks moved modestly higher at the start of trading on Wednesday, with the major averages edging back to the upside after ending the previous session at multi-month closing lows. Nonetheless, buying interest remained relatively subdued in the first few minutes of trading.
Loonie Falls For Sixth Consecutive Day Versus Greenback [USD/CAD]
The loonie fell for a sixth day in a row on Thursday against the greenback, as statistics showed Canadian employment unexpectedly declined last month. The dismal jobs report fueled expectations that the Bank of Canada will lower interest rates for a second month on January 22.
Recession Worries Contribute To Continued Weakness On Wall Street - U.S. Commentary []
Stocks are seeing considerable weakness in afternoon trading on Wednesday, with the major averages falling to new lows for the day. Investors are increasingly concerned about the U.S. economy, as economists speculate about the possibility of a recession.
Stocks Mixed In Late Morning Trading - U.S. Commentary []
In late-morning trading on Tuesday, stocks have pulled back off their highs after seeing earlier strength. The major averages have moved to the downside, with the Dow slipping into negative territory.
Dollar Range-bound Versus Mexican Peso Friday Morning [USD/MXN]
The dollar was little changed versus the Mexican peso Friday morning in New York as traders weighed data showing that the US trade deficit widened more than economists had expected.
Pound Shows Some Weakness Versus Majors; Now Worth 1.9575 Against Buck [GBP/USD]
Pound shows some weakness versus majors; now worth 1.9575 against buck.
Stocks Close Higher After A Choppy Trading Session - U.S. Commentary []
Wall Street ended a choppy session on the positive side on Wednesday. The markets started the day positive, but moved below the unchanged line in late-morning trading. After trying to recover, the markets fell even further before changing course in the last two hours of the day.
Stocks Seeing Notable Weakness In Mid-Morning Trading - U.S. Commentary []
Stocks have been trading mostly in negative territory throughout the first ninety minutes of Thursday's session amid concerns of a worsening economy. The losses come after choppy trading day in the previous session that ended with strong gains.
Wall Street continues to see considerable weakness in mid-afternoon trading on Friday. The major averages have remained below the unchanged line throughout the day thus far after closing higher in the two previous sessions.
Dollar Pauses Versus Majors On Friday [EUR/USD]
The greenback showed a lack of direction versus its major counterparts on Friday as investors weighed data showing that the US trade deficit widened more than economists had expected.
Stocks Turning In A Lackluster Performance In Early Trading - U.S. Commentary []
Stocks moved modestly higher at the start of trading on Wednesday, with the major averages edging back to the upside after ending the previous session at multi-month closing lows. Nonetheless, buying interest remained relatively subdued in the first few minutes of trading.
Loonie Falls For Sixth Consecutive Day Versus Greenback [USD/CAD]
The loonie fell for a sixth day in a row on Thursday against the greenback, as statistics showed Canadian employment unexpectedly declined last month. The dismal jobs report fueled expectations that the Bank of Canada will lower interest rates for a second month on January 22.
Recession Worries Contribute To Continued Weakness On Wall Street - U.S. Commentary []
Stocks are seeing considerable weakness in afternoon trading on Wednesday, with the major averages falling to new lows for the day. Investors are increasingly concerned about the U.S. economy, as economists speculate about the possibility of a recession.
Stocks Mixed In Late Morning Trading - U.S. Commentary []
In late-morning trading on Tuesday, stocks have pulled back off their highs after seeing earlier strength. The major averages have moved to the downside, with the Dow slipping into negative territory.
Dollar Range-bound Versus Mexican Peso Friday Morning [USD/MXN]
The dollar was little changed versus the Mexican peso Friday morning in New York as traders weighed data showing that the US trade deficit widened more than economists had expected.
Pound Shows Some Weakness Versus Majors; Now Worth 1.9575 Against Buck [GBP/USD]
Pound shows some weakness versus majors; now worth 1.9575 against buck.
Stocks Close Higher After A Choppy Trading Session - U.S. Commentary []
Wall Street ended a choppy session on the positive side on Wednesday. The markets started the day positive, but moved below the unchanged line in late-morning trading. After trying to recover, the markets fell even further before changing course in the last two hours of the day.
Stocks Seeing Notable Weakness In Mid-Morning Trading - U.S. Commentary []
Stocks have been trading mostly in negative territory throughout the first ninety minutes of Thursday's session amid concerns of a worsening economy. The losses come after choppy trading day in the previous session that ended with strong gains.