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Saturday, December 22, 2007

European Markets Fall On Economic Worries - European Commentary []

European Markets Fall On Economic Worries - European Commentary []
The European markets fell on Monday, as investors were concerned that faster inflation and continued credit market turmoil would hurt economic growth. Banking and mining stocks were among the hardest hit.

Dollar Eases To Euro But Surges High Versus Yen As Global Stocks Snap Back [EUR/USD]
The dollar eased versus the euro but broke out to the upside versus the yen on Friday as global stocks snapped out of their recent doldrums. Traders also considered data on personal spending and income for November.

Stocks Moving Modestly Higher In The Mid-Morning - U.S. Commentary []
While buying interest has remained relatively subdued, the U.S. stock markets have moved modestly higher over the course of morning trading on Wednesday. The major averages have all climbed above the unchanged line, adding to the gains that were posted in the previous session.

Stocks Could See Further Upside In Early Trading - U.S. Commentary []
Stocks are likely to see some strength in early trading on Friday, with the major U.S. index futures indicating a higher open for the markets. Nonetheless, trading activity may remain somewhat subdued ahead of the holiday next week.

Stocks Nearly Flat In The Late Morning - U.S. Commentary []
With little economic data to spur the markets, stocks are turning in a relatively flat day in late-morning trading on Wednesday.

Global Insight Examines Recent Personal Spending Data []
Global Insight U.S. Economist Nigel Gault commented on Friday that despite high energy prices, falling home values, and a softening labor market, consumers have still been spending during the fourth quarter. He noted that real consumer spending is on track to roughly match the 2.8% pace in the third quarter (even assuming a soft December).

Investors Eye Central Bank Plans, Rise In Oil Ahead Of Thursday Trading - European Commentary []
European investors will be digesting Wednesday's news regarding the dramatic initiative unveiled by a coalition of central banks to jointly increase liquidity in global credit markets. The announcement saw the Federal Reserve, the ECB and other banks offer discounted rates to loan cash to private banks.

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