Asia Outlook on 05092008

Thu Sep 04 18:16:08 2008 EDT

2216 GMT [Dow Jones] ASIA OUTLOOK: Risk aversion hitting FX market with "safe haven" Japanese yen well higher vs EUR, USD, AUD, others on expectations that Asian shares will follow Wall Street's large fall; USD/JPY down at 106.03 vs 107.04 late in NY, EUR/JPY down at 150.79 vs 153.27. EUR/USD down at 1.4226 vs 1.4320 while GBP/USD at 1.7584 vs 1.7687. NZ share market down 0.6% so far, other bourses called sharply lower as DJIA shed 3%; Aussie market likely to do it tough on exposure to commodity prices. Data include NZ trade at 2245 GMT, Korea gross national income 2300 GMT, Aussie PCI 2330 GMT; Japan trade 2350 GMT. Philippine CPI 0100 GMT. Taiwan CPI/WPI 0800 GMT. Various figures due on FX reserves. Europe has UK Halifax house prices, German industrial output while in U.S., aside from payrolls, there's Yellen speech.(RXM)

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(END) Dow Jones Newswires

04-09-08 2216GMT


Copyright (c) 2008 Dow Jones & Company, Inc.


090408 22:16 -- GMT

N/BKG, N/DJGS, N/DJI, N/DJMB, N/DJMS, N/EWR, N/FXW, N/WED, N/WER, N/ALMT, N/DJFN, N/DJMT, N/DJWI, N/FRX, N/GENI, N/IEI, N/SUM, 1012, 1085, 75112, M/AUD, M/EUR, M/GBP, M/JPY, M/NND, M/TPX, M/USD, P/AEQ, P/NIP, This content is for use with eSignal products by authorized persons only. Any reference; link, frame, or other use of this material without the explicit permission of eSignal is prohibited.**STORYSRVR-B-01(webstory-h-03)(DJF03cBY80904)

U.S. Summary on 04092008

Thu Sep 04 18:04:09 2008 EDT

2204 GMT [Dow Jones] U.S. SUMMARY: EUR fell to lowest level of year vs USD after ECB downgraded economic growth forecast for 2009 to as low as 0.6%; in comments after ECB left rates at 4.25%, Trichet noted a slowing in corporate and household demand, added eurozone economy is stuck in "trough." EUR/USD dropped to 1.4316, GBP/USD to 1.7629, its lowest since April 2006. EUR also fell vs JPY, as did GBP. "The overall trend is a selling of European currencies against both the dollar and the yen," says Hidetoshi Yanagihara at Mizuho Corporate Bank in NY. EUR/USD at 1.4320 late vs 1.4504 Wednesday, USD/JPY 107.04 vs 108.13, EUR/JPY 153.27 vs 156.83, GBP/USD 1.7687 vs 1.7768. Sliding commodity, oil prices also helped USD. Datawise, August ISM nonmanufacturing index 50.6 vs 49.5 in July, 49.5 tipped. Weekly jobless claims jumped 15,000 to seasonally adjusted 444,000 vs expected fall of 5,000; ADP jobs estimate showed private-sector jobs fell 33,000 in August vs 30,000 drop tipped.

Comments from Fed's Fisher, Yellen pointed overall to weaker growth, tamer inflation. Stocks slumped after Nordstrom and other retailers posted disappointing August sales, while balance sheet concerns weighed on big banks; DJIA off 344.65 points or 2.99% to 11188.23, biggest one-day drop since June 26 and 3rd-worst percentage drop this year, Nasdaq off 3.2%, Philly semicons off 3.4%. Treasurys shot higher with 2-year +3/32 yielding 2.20% after touching 2.17%, a level last reached in mid-April; 10-year +14/32 at 3.64% yield.October Nymex crude at $107.89/bbl, down $1.46 or 1.3%, on rising USD, flagging demand; Comex December gold off $5 at $803.20/oz.(RXM)

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(END) Dow Jones Newswires

04-09-08 2204GMT

Copyright (c) 2008 Dow Jones & Company, Inc.

090408 22:04 -- GMT

I/OIL, N/BKG, N/DJGS, N/DJI, N/DJMB, N/DJMS, N/DOI, N/EWR, N/FXW, N/WED, N/WER, N/ALMT, N/DJFN, N/DJMT, N/DJWI, N/FRX, N/GENI, N/IEI, N/PET, N/SUM, 1012, 1085, FNS1760, 75025, 75112, 8764, M/ENE, M/EUR, M/JPY, M/NND, M/TPX, M/USD, P/AEQ, P/NIP, This content is for use with eSignal products by authorized persons only. Any reference; link, frame, or other use of this material without the explicit permission of eSignal is prohibited.**storysrvr-b-03(webstory-h-03)(DJF03bMY80904)

Last night forex ran tamely

It is very surprising me.

Commencing to Syaikh's special day

Alhamdulillah, finally I can meet my special day again in this year. Moreover, this time is very special due to Ramadhan month whose date is similar with this September one. It is absolutely very same. :)

Hope tomorrow I still can take a breath for enjoying Allah's fortune, my beautiful life, and especially loving my beloved girl. Allahummaa amiin...