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Takeovers, US dollar, BCE, financials Vialoux
Posted on June 23, 2008
U.S. equity index futures are slightly higher this morning. Dow Jones Industrial Average futures are up 69 points in pre-opening trade. Strength can be attributed partially to takeover news and rumors. Allied Waste has offered to purchase Republic Waste for $6 billion. Bunge has offered to purchase Corn Products International in a $4.8 billion deal.Strength in the U.S. Dollar is pressuring gold prices this morning. Gold is down $24 U.S. per ounce to $879 in pre-opening trade. Once again, gold is trading close to its 200 day moving average currently at $860 where support has been found during t...
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