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Indexes jump as M&A takes subprime's spotlight
(Reuters) Yahoo Stock | 424 days 2 hours 15 minutes ago Reuters - U.S. stocks rallied on Monday after
Britain's Barclays Plc and Dutch bank ABN AMRO confirmed they
were in talks to merge, helping the financial sector recover
from its recent hammering in the subprime mortgage market
turmoil.
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Oil prices settle below $57
(AP) Yahoo Stock | 424 days 3 hours 34 minutes ago AP - Oil prices slumped below $57 on Monday amid expectations for rising crude stocks, but prices in future months rose as traders looked ahead to the summer driving season a period of peak gasoline demand.
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Yen eases as stocks rally
(FT.com) Yahoo Stock | 424 days 7 hours 15 minutes agoFT.com - The yen weakened on Monday as a strong performance from Asian stock markets encouraged investors to take on risk, reversing the currency's earlier gains following a rise in Chinese interest rates. More Info... |
Oil prices close in on 61 dollars in London
(AFP) Yahoo Stock | 424 days 7 hours 24 minutes ago AFP - World oil prices rebounded on Monday, reaching almost 61 dollars a barrel in London trade, as stock markets firmed and a closely-watched report forecast a jump in crude futures in coming months.
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Most Asian markets finish on higher note
(AP) Yahoo Stock | 424 days 11 hours 19 minutes agoAP - Most Asian markets rose Monday, with Chinese stocks recovering from a recent plunge that rattled world markets and Japanese shares advancing as a weaker yen inspired investors to snap up exporters. More Info... |
Investors await housing, inflation news
(AP) Yahoo Stock | 424 days 19 hours 28 minutes ago AP - The stock market proved again last week that it's vulnerable to bad news relating to U.S. subprime mortgage lenders. This week should give investors a clearer view of the housing market's health, and whether it's stable enough to stave off an overflow of that sector's troubles into the wider economy.
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Stocks slump as hopes for rate cut fall
(AP) Yahoo Stock | 426 days 18 hours 34 minutes ago AP - Wall Street slumped Friday after another reading on inflation deflated hopes the Federal Reserve will start moving toward an interest rate cut when it meets next week. The major indexes suffered moderate losses for the week.
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