Monday, January 14, 2008

Quick Overview

  • The Dow industrials rose 171.85, or 1.4%, on hopes for aggressive rate cuts and positive earnings from IBM.

  • Pelosi and Bernanke met to review how Congress might act to stimulate the slowing economy.

  • With help from a lower dollar gold pushed above $900.

  • U.K. prices for manufactured goods rose 0.5% MoM and 5.0% YoY.

  • Industrial production in the Euro area fell 0.5% in November.

  • Corn hit a fresh high on supply concerns.

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