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Even if the European Central Bank holds rates on Thursday the euro's supremacy on the currency markets is close to an end, analysts said on Wednesday.
The price of oil will spike back to $149 a barrel by the end of the year, despite its current slump and negative sentiment regarding demand for oil, Goldman Sachs wrote in a market report on Wednesday.
The European Central Bank looks set to leave rates on hold on Thursday but the move is unlikely to contribute to a strengthening of the euro, as the signs of weakness in the euro zone economy intensify. Vote on which currency will gain the most by the end of the year.
As the Bank of England's Monetary Policy Committee meets this week to decide on interest rates, the world's oldest currency still in use is under attack.
Stocks are challenged to hold their ground, and will have a tough time breaking out of the bear's hold this month.
Directors at the Federal Reserve Banks of Kansas City and Dallas sought quarter percentage-point hikes in the discount rate in late June through July to keep inflation at bay, Fed documents released on Tuesday showed.
Stocks may have had a tough summer, but Wall Street is gearing up for an even rougher fall.
Many of the world's wealthiest people have moved their money out of stocks and bonds and into cash, the head of HSBC's Swiss private banking unit said.
After a rough summer, Wall Street is gearing up for an even rougher fall as the financial crisis, housing slump and economic pressures show no signs of abating.
Euro zone producer prices jumped in July on surging oil prices, data showed, but less than expected by markets watching for signs of easing inflationary pressure that would make room for an ECB rate cut.
Wall Street will get back to business fast Tuesday as it assesses the aftermath of Hurricane Gustav and starts to consider the first of a number of important economic reports this week.
There will likely be some relief on Wall Street after it appeared that Hurricane Gustav hadn't damaged the Gulf Coast as badly as many feared — and in turn sent oil prices falling sharply.
European shares fell on Monday, led by weaker commodity stocks tracking falling oil and metals prices, while Commerzbank slipped 10 percent after it agreed to buy Dresdner Bank from Allianz.
The dollar rose on Monday to its highest this year against a basket of major currencies, boosted by a sharp fall in oil prices, while sterling extended its recent slide and fell to new record lows against the euro.
If the decline in Commerzbank's share price this morning tells us anything about investor sentiment towards the $14.5 billion deal to combine Commerzbank and Desdner, the market thinks they overpaid.
U.S. activist hedge fund Atticus Capital has lost more than $5 billion this year, a source familiar with the matter told Reuters, after its funds were hit by heavy falls in financial stocks.
European shares were expected to fall on Monday, tracking losses in U.S. and Asian stocks as Dell's warning on corporate technology spending continued to hit tech stocks while investors fretted about the impact of Hurricane Gustav.
Australia's current account deficit shrank by a third last quarter thanks to booming resource exports, though trade still proved a slight drag on economic growth.
Indonesia's central bank governor said he would "do whatever it takes" to bring annual inflation below 10 percent in 2009, from 11.9 percent in July, as elections next year will ensure strong economic growth.
Gustav has unfurled a wall of worry for stocks in the week ahead.
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