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Benzinga Market Primer, Tuesday July 31
Tuesday, July 31, 2012 - 6:58am | 570As Jamie Coleman of Forexlive.com wrote, markets will trade with one hand tied behind their back ahead of the European Central Bank's decision on Thursday. Following comments from ECB President Mario Draghi, markets await the policy action that was hinted at late last week. Despite rumors of the...
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Benzinga Market Primer, Monday July 16
Monday, July 16, 2012 - 6:43am | 487U.S. equity futures fell early Monday following weakness in foreign markets. Chinese shares slumped to the lowest levels since March of 2009 following the weakening growth and trade data. The weakness in growth markets combined with the strength is U.S. stocks on Friday appears to have led futures...
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Benzinga Market Primer, Thursday July 12
Thursday, July 12, 2012 - 7:34am | 545U.S. equity futures fell early Thursday simultaneously as European peripheral bond yields fell. Negative sentiment has reigned financial markets since the release of the FOMC minutes as Fed officials continued to paint a bleak portrait of the economy. S&P 500 futures fell 5.5 points early...
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Chinese Stocks Rebound on Stimulus Hopes
Wednesday, July 11, 2012 - 12:51pm | 263Chinese stocks rebounded Wednesday from 6-month lows as Premier Wen Jiabao hinted that further fiscal stimulus may soon be announced. In a post on the government's website, Premier Jiabao said that the country needs to maintain a certain amount of growth and private investments in railway, public...
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Benzingas Political Roundup June 27, 2011
Monday, June 27, 2011 - 11:58am | 90President Barack Obama is going to be in talks with Senate Republicans today to discuss the debt ceiling. Chinese Premier Wen Jiabao said that inflation may exceed 4%, potentially leaving the door open for further interest rate hikes. French banks have reached the beginnings of a deal to roll...
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Euro Surging On No News Has Traders Interested
Monday, June 27, 2011 - 10:17am | 313Since this morning, the Euro has been surging, but there is no news out there that would explain the surge. Look at this chart of the Euro, which is seeing continuous green bars. As such, the equity markets are at session highs, with the NASDAQ up 12 points and the Dow up 50 or so points. The...
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3.5 Reasons to Fall in Love with Greek Debt
Tuesday, May 24, 2011 - 11:14am | 390Look at those curves! You've never had something so voluptuous and juicy offered to you. And at a discount too. Greek two-year government bonds are yielding over 25% and that should be the first reason to fall in love with Greek debt. When fear is high and there's a lot of crazy talk, it's...
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Chinese Premier Forecast 8% Growth in 2010
Friday, March 5, 2010 - 11:44am | 256Chinese Premier Wen Jiabao detailed China’s economic plans on Friday, telling the legislature that the government could expand social spending, increase lending, and pour money into strategic industries. He said China can still meet its traditional 8 percent economic growth target in 2010. He also...