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Overnight Market News – January 4, 2012

 
  • European Inflation Slows in December, Giving the Central Bank Room to Lower Borrowing Costs Further to Shore Up the Economy
  • US Federal Reserve to Start Announcing its Forecast for the Central Bank’s Key Interest Rate as Chairman Ben S. Bernanke Strives for Greater Transparency
  • Research In Motion Ltd Surges After a Report Said that the Company May Name an Independent Chairman to Appease Investors Calling for a Leadership Change
  • Citigroup Inc’s Singapore Unit Sues Hong Kong-Based Hedge Fund Manager, Seeking to Recoup USD 1.03mm in Gold Trading Losses
  • Survey Indicates that Merchants Offering Daily Deals are Waning, Raising Concerns about Discount E-Commerce Companies such as Groupon Inc
  • Crude Oil Falls USD 0.53 to USD 102.43 per Barrel
  • Ethanol Stands at USD 2.24 per Gallon
  • Natural Gas Rises USD 0.04 to USD 3.04 per British Thermal Unit (Btu)
  • Silver Rises USD 0.09 to USD 29.63 per Troy Ounce
  • Gold Rises USD 6.40 to USD 1,606.00 per Troy Ounce
  • Dow Jones Industrial Average Rises 179.82 Points (1.47%) to 12,397.40
  • London FTSE Index Rises 2.89 Points (0.05%) to 5,702.80
  • The Japan Nikkei Index Rises 104.76 Points (1.24%) to 8,560.11
  • Hong Kong Hang Seng Index Falls 150.10 Points (0.8%) to 18,727.30
  • Brazil Bovespa Index Rises 1,435.60 Points (2.48%) to 59,264.90
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