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Parasnand Madho
6 Jul, 2011 | 08:28 AM
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Ahead of the Bell: Dow futures are trading down 45 points and S&P futures are trading down 7 points after China’s central bank announced it is raising the benchmark deposit and lending rates by 25 basis points effective tomorrow, to counter inflation, raising concerns of global growth. Traders will focus on the Euro zone once again after Moody’s cuts Portugal’s credit rating from Baa1 to Ba2 or junk status and warned the country will need a second round of bailout funds from the ECB and IMF. ...
Courtney Raio
5 Jul, 2011 | 05:00 PM
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The markets began the day looking for some direction as the futures seesawed between negative and positive territory on worries about interest rate hikes from China and the ECB. At the opening, the equity markets kicked off the holiday-shortened week down as investors took a step back. Trading was choppy with low volume following its best week in two years. ...
Parasnand Madho
5 Jul, 2011 | 08:29 AM
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Image by vivaiquique via Flickr ...