Quiet Day For China Shares []
Not much action is expected on the Chinese stock market when the Shanghai Composite Index kicks off trade on Thursday as much of the market's liquidity is locked up in pending initial public offerings.
Trading Likely To Be Range Bound On Back Of Mixed Cues From Asian Markets - Indian Commentary []
The Indian market is likely trade in a range Friday, after the late pullback that was witnessed on Thursday, tracking mixed cues from Asian peers. The U.S. markets were closed on Thursday on account of Thanksgiving holiday. Additionally, crude prices continue to remain near recent record highs.
Stocks Turning In A Lackluster Performance - U.S. Commentary []
As was seen in the two previous sessions, stocks have turned in a lackluster performance over the course of morning trading on Friday. The major averages have been bouncing back and forth across the unchanged line, unable to sustain any significant moves.
Markets Likely To See Further Downside On Weak Global Cues - Indian Commentary []
Global cues are pointing towards a lower opening for the Indian market on Thursday. The U.S. stocks plunged overnight amid economic jitters and the major stock markets across the Asia-Pacific region are trading mixed on Thursday. Some degree of support to the Indian market may come in from bargain hunting following the sharp fall on Wednesday.
Stocks Give Back Some Ground But See Continued Strength - U.S. Commentary []
After showing a strong upward move in morning trading on Tuesday, the U.S. stock markets have given back some ground in the late morning and early afternoon. The major averages have pulled back well off their highs, although they remain in positive territory.
South Korean Stocks Lose Ground After Opening On Strong Note []
Friday, Seoul stocks were losing ground, after opening on a strong note. The key KOSPI index has fallen for the past six straight sessions. At 10:36 local time, the benchmark index was down 10.85 points or 0.60% at 1,788.17.
11/21/2007 8:57:02 AM After ending the previous session higher, stocks are likely to pullback sharply in early trading on Wednesday, with the major U.S. index futures indicating a significantly lower open for the markets. Nonetheless, trading activity is likely to be somewhat subdued ahead of the Thanksgiving Day holiday. The downward momentum for the markets is partly due to significant weakness in the overseas markets, which comes amid some concerns about the outlook for the U.S. economy and the potential global impact of a recession in the U.S. Asian stocks saw substantial weakness after turning in a mixed performance in the previous session, with Japan's Nikkei 225 Index closing down 2.5 percent. With the loss, the index fell to its lowest closing level since July of 2006. The European markets have also come under pressure after seeing some strength on Tuesday, as traders worry about weakness in the U.S. economy and the increasing value of the Euro. The U.K.'s FTSE 100 Index is currently down 1.5 percent. Some selling pressure has also been generated by a continued increase by the price of oil, which is once again climbing near the $100 a barrel level. In early trading, crude for January delivery is currently up $0.58 at $98.61 a barrel. On the economic front, the Labor Department released its report on initial jobless claims in the week ended November 17, showing that jobless claims fell to 330,000 from the previous week's revised figure of 341,000. After the start of trading, the Conference Board is due to release its report on leading economic indicators in the month of October, while reports on November consumer sentiment and weekly oil inventories are also due to be released. Among individual stocks, shares of Limited Brands (LTD) are likely to come under pressure after the apparel retailer reported third quarter earnings that fell year-over-year. The company also lowered its fourth quarter same-store sales outlook and forecast weaker than expected earnings for the quarter. Gymboree (GYMB) could also see some early weakness after the children's apparel retailer forecast fourth quarter and full year earnings below analyst estimates. The company also reported third quarter sales that came in below expectations. On the other hand, shares of MeadWestvaco (MWV) could move to the upside after the packaging manufacturer said that it has entered into an agreement to repurchase $400 million of its common stock from Goldman Sachs (GS).
Stocks Fall Sharply At The Start Of Trading - U.S. Commentary []
Stocks Continue To See Significant Weakness In The Mid-Afternoon - U.S. Commentary []
After seeing significant early weakness, the U.S. stock markets have continued lower throughout much of the trading session on Monday. Most stocks have moved firmly into negative territory after showing a lack of direction last week.
Sunday, November 25, 2007
Quiet Day For China Shares []
Amended: Australian Market Falls On Wall Street Losses, Lower Metal Prices []
Amended: Australian Market Falls On Wall Street Losses, Lower Metal Prices []
Amended: In the first para "Topix index of all First Section issues" corrected as "All Ordinaires index". Corrected version follows.
Brazil's Real Falls To 1-month Low Versus US Currency [USD/BRL]
The Brazilian real fell to 1.8085 against the US currency before closing the week's deals at a 1-month low of 1.8035. The real weakened on speculation a slowdown in the US economy would hurt the country's exports, which in turn will reduce the demand for the local currency.
New Zealand Stocks Trade Mixed []
Friday, New Zealand stocks were trading mixed. The benchmark NZX 50 Index was losing 0.40 points or 0.01% to 4,053.81, while the NZX All Capital Index was adding 1.33 points or 0.03% to 4,114.16.
South Korean Market Closes Lower []
Friday, Seoul shares closed lower, amid volatility, but off day's lows. Though the market opened higher on bargain hunting, it could not sustain at higher levels as fresh selling emerged. The market has finished in the red for the seventh straight session.
Swiss Currency Choppy In Trading Versus Euro [EUR/CHF]
The Swiss currency moved little against its European counterpart in trading on Friday morning. The franc moved between a high of 1.6310 and a low of 1.6338 as action progressed. The pair moved as French consumer spending declined more than expected from the prior month in October.
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