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UPDATE: Asian Shares Drop; US Mkt Weakness, Global Econ Woes

Published December 1, 2008, 5:00 pm, The Forex Market

SINGAPORE (Dow Jones)--Asian stock markets were declining Tuesday after Wall Street gave back a large part of its recent rise, with concerns about the outlook for the global economy heading into the end of the year.

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Firms' average P-E dips below 10

Published December 1, 2008, 4:52 pm, Business Standard India

The average price-earnings (P-E) ratio of listed Indian companies has fallen below 10 per cent from 33.49 on January 8 this year when the Bombay Stock Exchange Sensitive Index touched its all-time high. The average P-E is 9.61 now.

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LATIN AMERICAN MARKETS: Mexico, Brazil Drop As Worldwide Economic Conditions Slump

Published December 1, 2008, 4:46 pm, Nasdaq

Latin American equity markets tumbled Monday, on pace with a disastrous day on Wall Street, as a series of poor economic reports underlined the effects of recession sweeping the globe.

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Yen Extends Gains as Signs of Global Recession Sap Carry Trade

Published December 1, 2008, 4:02 pm, Bloomberg

Dec. 2 (Bloomberg) -- The yen extended gains to reach a five-week high against the dollar on speculation declines in global manufacturing and stocks will prompt investors to buy back Japan’s currency at the expense of higher-yielding assets.

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Asia Day Ahead: U.S. Stocks Plunge as Recession Deepens

Published December 1, 2008, 3:46 pm, Bloomberg

Dec. 2 (Bloomberg) -- U.S. stocks fell the most in six weeks after a report showed the nation’s manufacturing contracted at the fastest pace in 26 years in November. Federal Reserve Chairman Ben S. Bernanke said the country’s economy will remain weak for a time.

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Asian Share Markets Set To Decline; US Cue, Global Econ Woes

Published December 1, 2008, 3:27 pm, INO News

SINGAPORE (Dow Jones)--Asian stock markets were set to decline Tuesday after Wall Street gave back a large part of its recent gains, with concerns about the outlook for the global economy heading into the end of the year.

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Australia to Extend Biggest Rate-Cut Round Since 1991 Recession

Published December 1, 2008, 3:12 pm, Bloomberg

Dec. 2 (Bloomberg) -- Australia’s central bank will probably cut borrowing costs to a six-year low, extending the biggest round of interest-rate reductions since a recession in 1991, amid signs the economy is close to stalling.

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Alaron Currency Comment

Published December 1, 2008, 3:05 pm, Ag Report

CHICAGO - Dec 1/08 - SNS -- Following is the currency futures comment from Alaron Trading Corp.

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PGP Corporation Congratulates Affiliated Computer Services on Winning Two ISE Awards

Published December 1, 2008, 2:49 pm, PR Newswire via Yahoo! Finance

PGP Corporation, a global leader in enterprise data protection, today applauded Christopher Leach of Affiliated Computer Services, Inc., , a longtime PGP Corporation customer, as the winner of two Information Security Executive Awards.

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Yen May Extend Gain as Global Factory Weakness Saps Carry Trade

Published December 1, 2008, 2:38 pm, Bloomberg

Dec. 2 (Bloomberg) -- The yen may rise against the euro for a sixth day on speculation declines in global manufacturing and stocks will prompt investors to buy back Japan’s currency at the expense of higher-yielding assets.

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