Wednesday, December 28, 2011

European Shares Snap Gains, End Lower in Thin Trade

News: European shares end lower on Wednesday tracking losses
in US in choppy session FTSEurofirst 300 index provisionally closed
0.6 percent lower at 984.91, having traded just 37 percent of its
90-day volume average. The material has been provided by Instaforex
Company - instaforex.com

Hong Kong Trade Balance Due On Thursday

Hong Kong is on Thursday scheduled to release November
figures for imports, exports and trade balance, highlighting a
light day for Asia-Pacific economic activity. Imports are expected
to rise 2.0 percent on year after jumping 10.9 percent in October.
Exports are tipped to add 0.5 percent on year after collecting 11.5
percent in the previous month. The trade balance is expected to
show a deficit of 28.1 billion Hong Kong dollars following the 23.1
billion HKD shortfall a month earlier. South Korea will announce
industrial production numbers for November, with forecasts calling
for an increase of 6.0 percent on year. That follows the 6.2
percent annual expansion in October. The material has been provided
by Instaforex Company - instaforex.com

*South Korea November Industrial Output +5.6% On Year

South Korea November Industrial Output +5.6% On Year The
material has been provided by Instaforex Company -
instaforex.com

Europe's Ftseurofirst 300 Provisionally Ends down 0.6 Pct to 984.91 Points

EUROPE'S FTSEUROFIRST 300 PROVISIONALLY ENDS DOWN 0.6 PCT TO
984.91 POINTS The material has been provided by Instaforex Company
- instaforex.com

*Singapore Nov. Manufactured Products Prices Rise 8.5% On Year Vs. 8.8% In Oct.

Singapore Nov. Manufactured Products Prices Rise 8.5% On Year
Vs. 8.8% In Oct. The material has been provided by Instaforex
Company - instaforex.com

Dollar And Yen Steady After Surging Up On Eurozone Worries

The dollar and yen, which extended their Wednesday's rally
against other major currencies in early Asian trading on Thursday
amid renewed worries about the European debt crisis, held steady
after 7:15 pm ET. Risk aversion grew in markets yesterday following
news that the European Central Bank's balance sheet has jumped to a
record high. The ECB said its balance sheet surged up by 239
billion euros in the week ended December 23rd to an all-time high
of 2.73 trillion euros. The sharp increase reflected a 214 billion
euro increase in lending to euro-area banks. The news regarding the
ECB balance sheet overshadowed news that Italy held two successful
bond auctions that drew yields that were well below a month ago. In
today's early Asian trading, the US dollar jumped to near a 1-year
high of 1.2889 against the euro, 9-day high of 1.0047 against the
Aussie, 15-day high of 1.5430 against the pound, 2-week high of
0.9454 against the franc, 8-day high of 0.7657 against the NZ
dollar and a 1-week high of 1.0271 against the Canadian dollar.
Meanwhile, the yen rose to 9-day highs of 78.23 against the Aussie
and 59.82 against the NZ dollar, fresh 10-year high of 100.38
against the euro, 2-week high of 82.40 against the franc, 1-month
high of 120.11 against the pound and an 8-day high of 75.85 against
the Canadian dollar. At present, the greenback is worth 1.2920
against the euro, 1.5449 against the pound, 0.9440 against the
franc, 1.0078 against the Aussie, 0.7684 against the NZ dollar and
1.0246 against the Canadian dollar. The yen is currently trading at
100.56 against the euro, 120.24 against the pound, 82.49 against
the franc, 78.44 against the Aussie, 59.81 against the NZ dollar
and 75.99 against the Canadian dollar. The Eurozone M3 money supply
for November and the Italian business confidence for December are
slated for release in the European session. The U.S. pending home
sales for November, weekly jobless claims for the week ended
December 24 and the Chicago PMI for December are expected in the
New York morning session. The material has been provided by
Instaforex Company - instaforex.com

Euro Steady After Falling To New Lows Against Dollar And Yen

After hitting a fresh decade low of 100.38 against the yen
and near a 1-year low of 1.2889 against the dollar in early
Thursday Asian deals at 7:15 pm ET. The euro is currently worth
1.2920 against the dollar and 100.61 against the yen. The material
has been provided by Instaforex Company - instaforex.com

*South Korea November Current Account Surplus $5.05 Billion

South Korea November Current Account Surplus $5.05 Billion
The material has been provided by Instaforex Company -
instaforex.com

*Indian Rupee Falls To Near 2-week Low Of 53.4450 Against Dollar

Indian Rupee Falls To Near 2-week Low Of 53.4450 Against
Dollar The material has been provided by Instaforex Company -
instaforex.com

Indian Rupee Declines To Near 2-week Low Against Dollar

The Indian rupee fell to near a 2-week low of 53.4450 against
the U.S. dollar in early deals on Thursday. The next downside
target level for the rupee is seen at 54.3. The dollar-rupee pair
ended yesterday's trading at 53.0562. The material has been
provided by Instaforex Company - instaforex.com

South Korea Current Account Surplus $5.05 Billion In November

South Korea posted a current account surplus of $5.05 billion
in November, the Bank of Korea said on Thursday - remaining in the
black for the 21st consecutive month. That follows the October
current account surplus of $4.23 billion and also represents a
one-year high total. The financial account registered a net outflow
of $6.63 billion, up from $4.50 billion in October. The capital
account posted a $0.10 billion surplus. The material has been
provided by Instaforex Company - instaforex.com

Spain's Ibex falls 1.9 Pct, Portugal's Psi 20 up 0.3 Pct, Italy's Ftse Mib falls 0.9 Pct

SPAIN'S IBEX FALLS 1.9 PCT, PORTUGAL'S PSI 20 UP 0.3 PCT,
ITALY'S FTSE MIB FALLS 0.9 PCT The material has been provided by
Instaforex Company - instaforex.com