Archive for November 27th, 2008

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Stocks Higher, Dollar Mostly Lower

November 27, 2008

Asian bourses were inspired by China’s big rate hike yesterday and rallied by 2.0% in Japan, 4.3% in Taiwan, 3.3% in South Korea, 1.8% in the Philippines, and 1.5% in China. Australian equities advanced 1.4%. In Europe, the Dax is up 2.2%, and the Ftse has gained 2.0%. The Paris Cac shows a 1.7% rise. […] More