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Futures bounce as bargain hunters prowl

U.S. stock index futures rose sharply on Tuesday, tracking gains in global equity markets, as investors looked to rebound from its worst week in two months.

Oil rebounds to $73 after equities jump

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Oil prices changed direction on Tuesday after several days of declines and rose to near $73 a barrel as rallying equities boosted expectations for the pace of global fuel demand growth. U.S. crude for August delivery rose 85 cents to $72.99 a barrel by 0957 GMT (5:57 a.m. EDT), after earlier falling more than $1 to its lowest level in over a month.

Gold climbs back above $1,210 as dollar weakens

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Gold rose back above $1,210 an ounce in Europe on Tuesday as physical demand for the precious metal recovered after last week's price dip, and as the weaker dollar encouraged some buying. Spot gold was bid at $1,210.85 an ounce at 0952 GMT (5:52 a.m. EDT), against $1,206.95 late in New York on Monday. U.S. gold futures for August delivery firmed $3.90 an ounce to $1,211.60.
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China's FX reserve managers defend their record

The managers of China's hoard of currency reserves defended their investment record on Tuesday, saying they had avoided big losses during the global crisis and voicing confidence they could achieve stable long-term returns.
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Dollar and yen gain on renewed caution, Aussie down

The dollar and the yen gained in thin trade as investors reduced risk positions on Tuesday, while the Australian dollar fell ahead of a central bank decision where it is widely expected to be keep interest rates steady.
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Gold drops on strong dollar, weak stocks

Gold prices eased further in Asian trade Tuesday as the dollar strengthened against the euro amid weak equity markets. Gold for immediate delivery was seen trading at $ 1205.89 an ounce at 12.00 noon Singapore time while U S gold futures for August delivery was at 1206.02 an ounce.
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Netflix inks movie deal with Relativity Media

U.S. DVD rental service Netflix Inc said it has signed a deal with media company Relativity Media LLC to stream major theatrical movies to Netflix customers before they are shown on premium pay-television channels.
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Asia stocks firm as China gains

Asian stocks reversed course and inched up on Tuesday taking heart from gains in the Chinese market led by property and bank stocks, while the Australian dollar dribbled higher after the central bank sounded cautiously optimistic on the economic outlook.
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China markets brace for AgBank IPO pricing

Agricultural Bank of China, the country's No.3 bank by assets, is set to price its dual Hong Kong and Shanghai IPO late on Tuesday, determining whether it will become world's largest ever share offer.
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Asia stocks fall on growth worry

Asian stocks slipped on Tuesday on growing investor concerns of slower economic growth in the United States and China, the main pillars of the world economy, and fading risk appetite sent the yen up against the dollar and the euro.
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Australian Dollar Outlook 6/7/2010

The last 24 hours has seen the AUD hold a relatively tight trading range, with expectations that this will continue today until the RBA interest rate decision due to be released at 2:30pm (AEST).
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Daily Forex Forecast 6/7/2010

The Australian Dollar opens lower on Tuesday at 0.8390 ahead of today's monthly board meeting of the Reserve Bank of Australia (RBA).
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BP eyes stake sale, superskimmer snagged

Shareholders in BP balked Monday at reports it would seek a strategic investor to ward off takeover bids, as the clean-up costs of its massive U.S. oil spill topped $3 billion.
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Stocks dip on growth fears

World stock and oil prices fell on Monday on growing concerns of slowdowns in the United States and China -- the two main pillars of global growth, though the dollar was off its two-month low.
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Global stocks dip on growth fears

World stock and oil prices fell on Monday on growing concerns of slowdowns in the United States and China -- the two main pillars of global growth, though the dollar was off its two-month low.
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The New Civil Wars Within the West

Internecine civil wars are underway almost everywhere within the West, and most virulently in the United States of America. They are not yet kinetic wars, but wars of grinding prepositioning, the kind which lead to foregone conclusions without a shot being fired. They are wars of survival, nonetheless, because the basic architecture for national strength is being altered incrementally or dramatically. And, in many cases, consciously.
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Euro falls in subdued trade, dollar steady

The euro fell in subdued trade on Monday after hitting a six-week high on weak U.S. jobs data late last week, while the dollar steadied against a currency basket. Traders were wary of chasing the dollar lower with U.S. markets closed on Monday for Independence Day.
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Euro rates edge up; focus on weekly tender

Euro interbank lending rates edged up on Monday as the market focused on how much weekly ECB funding banks will roll at the first tender operation since last week's repayment of almost half a trillion euros.
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Gobal stocks down for 4th day

World stock prices fell for the fourth day running on Monday and the dollar traded close to two-month lows on growing concerns of slowdowns in the United States and China -- the two main pillars of global growth.
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Global stocks down for 4th day

World equities fell for the fourth day running on Monday and the dollar traded close to two-month lows on growing concerns of slowdowns in the United States and China -- the two main pillars of global growth.

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