Fear of a debt default by Dubai sent European stocks tumbling and the pound down on fears for U.K. bank exposure. The price of gold retreated from its new record high and the dollar rebounded from recent lows, helped by talk of BOJ intervention and suspected SNB moves to halt the franc’s rise.
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The dollar fell under Y88 for the first time in 10 months and could continue to fall as US real yields decline, Japanese risk appetite wanes and the country’s current account surplus grows once again.
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Google and Skype look like increasing their presence in the mobile market. With voice charged at around 17 times that of carrying the same amount of traffic, the market is ripe for arbitrage.
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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.
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Crude oil prices are vulnerable to a sharp downward correction because long positions on Nymex crude are at an 'unstable' high level, analysts warn.
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L’ex ospedale marino di Cagliari. Un struttura colossale costruita in epoca fascista con più di 50 anni di storia è ora il rifugio per randagi, ratti e derelitti. In attesa che la regione decida la sua destinazione il vento el incuria divorano ciò che ne resta.
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The London Stock Exchange, drinks company Remy Cointreau and electronics retailer DSG International report results. Consumer confidence data to hit in Germany, France.
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