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Stock Market News

In: Business and Management

Submitted By tianyuan
Words 1102
Pages 5
Oct.12 1) U.S government on Tuesday outlined a rule sharply limiting bank’s ability to make bets with their own capital. 2) After being all but shut out of the short term debt market crisis, some company are edging back in. 3) Capitals that Europe increase the debt pressure of Germany and France, Dexia’s collapse shows that some measures of financial strength could paint and misleading pictures of how much additional firepower is needed.

Oct.13.1) The people’s bankinvestors of China which tightly controls the Yuan’s trading on the mainland ,early Wednesday guided the Yuan lower against the U.S , it is seemed as the fire back of U.S senate approve to drop Yuan’s value in Asian trading. 2) Stock finished with the strong gains amid optimism about plans to recapitalize euro banks. With the gains, the Dow is up 5.6% this month, the fifth- best start to October since 1990. 3) an estimated $10.95 billion was pulled from long-term mutual funds in the last week, according to the investment company institute.as a result taxable funds and tax free funds increased in this week.

Oct.14 1) J.P. Morgan stocked new fears about the health of the U.S banking industry as it posted its first year on year drop in quarterly profits since the height of the financial crisis. 4.3 billion was down from 4.4 billion last year. 2) Credit Suisse group is poised to close down its commercial mortgage backed securities divisions just days after a new warning of layoff on wall street according to people familiar with the matter. Oct.15 1) real-estate- investment-trust buy mortgage backed securities, making money on the different between the cost of borrowing and the yield they earn on the mortgage bonds, which borrow rates near historic lows, profit margin have been at near-record levels. Dow Jones U.S total stock markets mortgage REITs

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