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Overseas markets higher in pre-holiday trade Most Asian markets finished in positive territory Wednesday during limited trading in the final session of a dismal year. CNN MoneyParis, London Advance in Short Session Shares in Paris and London moved higher at the end of a dismal year for global markets, led by heavyweight mining and oil stocks in a shortened trading session. Several local exchanges were closed. Wall Street JournalTodays Zacks Rank Aggressive Growth Buy: Zhongpin, Inc. The food producer's analysts continue to upgrade their estimates and the growth rates are trading at a great value. ZaxksWill the New GCC Single Currency Include Gold? Peter Cooper submits: Gulf Cooperation Council leaders yesterday concluded their 29th annual summit meeting in Muscat, Oman with a final approval for the creation of a single currency for the six-nation economic bloc, still targeted for 2010.Saudi Arabia is the largest economy in the GCC and boasts substantial gold reserves. But whether gold will be included in the currency basket has not yet been decided.Complete Story » Seeking AlphaSecond Indian Stimulus Package On The Cards, Says Nath India's Trade Minister, Kamal Nath recently trailed the planned introduction of a second stimulus package, this time containing measures expected to benefit small and medium-sized enterprises, exporters not targeted by earlier initiatives, and the real estate sector. Tax NewsHong Kong Rises 1.1% on Year`s Final Trading Day Asian markets ended mixed but closed out 2008 with sizably yearly declines. Hong Kong rose 1.1% Wednesday – down 48% from a year earlier. Wall Street Journal`Blackout` trading extension postponed until April 1 Market regulators in Hong Kong said they will defer implementation of a stricter blackout rule for share trading by company directors for three months, effectively reversing course a handful of trading hours before the new rule was due to come into effect. TelegraphAsia, Pacific markets mostly higher Most Asia and Pacific markets were solidly in positive territory Wednesday during limited trading on the final session of a dismal year. CNNUS dollar mostly lower in European morning trading The U.S. dollar was mostly lower against other major currencies in European trading Wednesday morning. Gold fell. The euro traded at $1.4072, up from $1.4058 late Tuesday in New York. Other dollar rates: _90.28 Japanese yen, down from 90.38 _1.0601 Swiss... San Francisco ChronicleDaily Report: Range Trading Continues on New Year`s Eve Not much change in the last trading day of 2008 as range trading continues. The only noticeable trend in the market is the persistent weakness seen in Sterling, with GBP/CHF, GBP/AUD, EUR/GBP and GBP/JPY topping this week's top movers chart for the moment. Aussie is supported by this week's rally... actionforex.com1 2 |
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