Overnight price action was relatively subdued after Sunday to Monday’s overnight fireworks. The main news was Moody’s downgrading to negative outlook the sovereign debt of Germany, Netherlands, and Finland, due to the European support programs. …
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The UK has officially slipped into a double dip recession. From the WSJ: — U.K. GDP shrinks 0.2% on quarter in 1Q — U.K. officially back in recession after contraction in 4Q 2011 — Slide …
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WSJ Federal Reserve officials downgraded their assessment of the U.S. economy’s performance Wednesday, but gave no indication they intend to take new steps to boost growth and jobs. After a meeting of the Fed’s decision-making …
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