Market Uncertainty |
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European session has been fairly choppy and rangy thus far, and I expect more of the same going into the US session as well - there is still lots of uncertainty out there in the markets. HSBC just announced a profit decline of 29% for the first half of 2008, Deutsche Bank had its credit rating lowered after a $3.6 billion write-down, and Fortis saw a drop of nearly 49% for the 2nd quarter. The United States this weekend saw the closure of the 8th bank since the start of the
Filed under: Fundamental
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