After taking a day off to celebrate 60 years of the communist regime, the Chinese went back to celebrating capitalism by sending the Shanghai market higher by .9%. However, stocks in Asia generally drifted lower, though not dramatically so.
European markets, meanwhile, edged higher and US futures are pointing up, though nothing particularly decisive-looking anywhere. Yesterday markets opened higher and ended down. The dollar also took a hit overnight.
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See Also:
- Volcker: Rise Of China May Mean Our Decline
- China Makes Another Gigantic Oil Bid
- Watch Out Dollar, Here Comes A New Manipulated Bond Market
Full story at http://feedproxy.google.com/~r/businessinsider/~3/dBOgDzHMEKw/stocks-up-in-china-and-europe-2009-9
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