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Overnight Market News – March 11, 2010

 
  • British Oil Giant, BP PLC to Acquire Devon Energy Corp’s Brazilian Assets for USD 7B
  • Japanese Officials Downwardly Revise Fourth Quarter GDP Figures, Report Economy Grew at an Annualized 3.8% Compared with Initial Reading of 4.6%
  • Chinese Consumer Prices Climb to 16-Month High in February, Rising 2.7% from 1.5% in January
  • US Foreclosures Fall 2.3% in February from January, But Rise 6% Year-Over-Year
  • International Air Transport Association (IATA) Gives Improved Outlook, Forecasts the Airline Industry Will Incur a USD 2.8B in 2010, Half the USD 5.6B it Previously Estimated
  • BMW AG Full-Year Net Income Declines to EUR 210mm (USD 287mm) from EUR 330mm a Year Ago, But Tops Analysts’ Estimates of EUR 167mm
  • Crude Oil Stands at USD 82.13 per Barrel
  • Ethanol Stands at USD 1.62 per Gallon
  • Natural Gas Stands at USD 4.53 per British Thermal Unit (Btu)
  • Gold Stands at USD 1,107.50 per Troy Ounce
  • Dow Jones Industrial Average Rises 2.95 Points (0.03%)
  • London FTSE Index Falls 1.18 Points (-0.02%)
  • Japan Nikkei Index Rises 101.03 Points (0.96%)
  • Hong Kong Hang Seng Index Rises 19.91 Points (0.09%)
  • Brazil Bovespa Index Rises 402.90 Points (0.58%)
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