Forex | Forex | Stabilization in Housing Fuels Further Risk Appetite (31/07/2009 13:46:18)

Stabilization in Housing Fuels Further Risk Appetite

Market Focus BoC left interest rates on hold at 0.25% and forecasted strong growth of 3% in 2010; core retail sales increased by 0.7% Positive second quarter earnings driven by the technology sector (Ebay, Apple, Ford, AT&T) Continued massive rally in risk appetite as equities and commodities surged IMF approved $250 bn Special Drawing Rights allocation to increase global liquidity CIT might still have to seek bankruptcy protection despite the 3 bn lifeline from bondholders German Hypo


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