Friday, 04 July 2008
Inquirer
NEW YORK — Global stocks and the dollar closed higher on Thursday after recent slides, as increasingly bearish expectations for European rate rises and US employment were dashed by a dose of moderately favorable news. Crude prices retreated from another all-time high of $145.85 a barrel during the session, further helping sentiment among equity investors. The rise in oil has been a key factor pushing stocks into a bear market. The Dow industrials earlier this week extended their decline to the 20 percent level at which a market is considered depressed; the more buoyant and broadly-based S&P...
Kldy1 - May08 - US Dollar. (dy1)
photo: WN / Denise Yong