The modest actions Friday could merely be that traders are „a small bit exhausted,“ said Paul Zemsky, head of asset allocation at ING Investment Administration. „The fundamentals would show we should be higher.“ Stocks have been on a steady climb for almost two months. A pause, particularly following powerful earnings the past few times, „is absolutely all-natural and perhaps even anticipated,“ Zemsky stated.
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There is an eerie feeling for the initial night of trading after the G20 summit. The Nikkei marketplaces are up, but the yen is quickly dropping steam, and is near to dropping below eighty one on the yen/usd index.
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