The dollar weakened against the euro in the European foreign exchanges Monday, helping the gold price hit a fresh record high, boosting copper and other base metal prices, and helping mining, energy and raw material stocks lift equity markets as a whole.
11/23/2009
While yesterday's US stock market close was poor, Asia and Europe didn't follow today as debt in Greece, Spain, Portugal, etc... rallied, their CDS narrowed and stocks bounced. The Greek finance minister said January tax revenues came in above expectations and that spending was below target for the month and said "that means the deficit reduction for January is well within what we have promised." The euro is rising in turn. Also helping is the story that Trichet is headed to the European Union leaders summit a day early in order to address Greece's problems even as the Greek finance...
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