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Monday, 20 August 2007

Equity markets up for now

So it looks like the markets have steadied a little today following the decision by the Fed to lower the interest rate at which they lend to banks. However, given the limited improvements in equity markets today it is unlikely that the storm is over.

Expect more problems this week as more companies are forced to reveal the extent to which the subprime mortgage market and the subsequent market turmoil has hit various businesses.

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posted by Carl Malways at

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