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Fed Minutes Lift Stocks, Shanghai Scare |
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Author: 123jump.com Staff
123jump.com
Last Update: 4:09 PM EDT May 30 2007
U.S. averages recovered on FOMC minutes of meeting after dipping on China scare. Market averages closed at their highs in the U.S. but came under pressure in Asia, Europe and Latin America. Shanghai fell 6.5% dragging the region on Chinese government tripling trading tax. India closed above $1 trillion market cap and is likel to rise in the coming months. Mexico closed up 2.5% and Brazil gained 1.7% but Peru lost 7%. CDW agreed to be bought for $7.5 billion. |
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