Thursday, May 28, 2009

Markets am: Opec set to leave output unchanged, Man Group casts ...


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Financial Times
Markets morning briefing
Thursday May 28 2009

FT.com - Financial Markets News
 
Opec set to leave output unchanged
The oil producers' cartel is set to leaves production levels unchanged, betting that higher oil demand as the global economy recovers will push prices towards its $75-$80 target by the end of the year
http://link.ft.com/r/8P1R88/2FY8M/J9BL2/8UPMO/TY6MR/OS/h
 
Man Group casts shadow over FTSE
Man Group was the FTSE 100's biggest faller on Thursday, after news of falling profit and assets under management chimed with a renewed sense of caution. Only a handful of defensive stocks rose in a broad-based sell-off
http://link.ft.com/r/8P1R88/2FY8M/J9BL2/8UPMO/BGEPV/OS/h
 
Asian shares retreat from seven-month high
Concerns are growing that rising yields on US government debt could push up borrowing costs and choke off a potential recovery in the world's largest economy
http://link.ft.com/r/8P1R88/2FY8M/J9BL2/8UPMO/ABIPZ/OS/h
 
Wall Street falls as GM talks founder
US stocks sold-off as Treasury yields jumped and investors reacted to latest data on the housing market and some disappointing corporate earnings forecasts
http://link.ft.com/r/8P1R88/2FY8M/J9BL2/8UPMO/L7U0Q/OS/h
 
UK economic picture boosts sterling
Sterling rises above $1.60 for the first time in nearly seven months after Britain's service sector reveals improving sentiment, while mortgage approvals creep higher
http://link.ft.com/r/8P1R88/2FY8M/J9BL2/8UPMO/HVFBW/OS/h
 
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