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Overnight Market News – November 3, 2009

 
  • European Union (EU) Raises Euro Zone Economic Forecast, Now Anticipates Growth of 0.7% in 2010 Compared with Prior Forecast for a Contraction of 0.1%
  • Royal Bank of Scotland PLC and Lloyds Banking Group PLC Agree to Dispose of Hundreds of Branches to Appease EU Competition Concerns Over the Banks’ Dependency on the State
  • Australia Lifts Key Interest Rate by 25 Basis Points to 3.5%, Second Straight Monthly Increase
  • Ford Motor Co to Raise Additional USD 3B Through Rights Issue and Convertible Debt Offering as it Seeks to Reduce Hefty Debt Burden
  • India, the World’s Biggest Gold Consumer, Purchases 200 Tonnes of the Precious Metal from the IMF in Order to Boost Reserves
  • Crude Oil Stands at USD 78.13 per Barrel
  • Ethanol Stands at USD 1.96 per Gallon
  • Natural Gas Stands at USD 4.81 per British Thermal Unit (Btu)
  • Gold Stands at USD 1,061.30 per Troy Ounce
  • Dow Jones Industrial Average Rises 76.71 Points (0.79%)
  • London FTSE Index Falls 104.54 Points (-2.05%)
  • Japan Nikkei Index Falls 231.79 Points (-2.31%)
  • Hong Kong Hang Seng Index Falls 380.13 Points (-1.76%)
  • Brazil Bovespa Index Falls 2,175.08 Points (-3.41%)
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