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Global Finance Chatter: February 6, 2009

“All the news that fits, we print!”

This is the news summary from mainstream media sources (MSM), blogs, financial professionals and our analysis. We provide this to give you a short overview of what is happening in the world based on some of this blog’s themes (international finance, charts, markets, and so on). Please comment so we can improve our selection to make this section useful.

Global summary

U.S. markets improved on hope for stabilization of the banking sector. Despite huge drops in Citigroup and Bank of America, it appears that the soon to be released stimulus will do something to boost the sector. Strangely, retail earnings also gave a lift to the market. Discounters Wal-Mart, Target and Ross have all met or beat expectations despite the general collapse in sentiment among higher tier retailers and large corporates like Microsoft and Cisco. The Dow closed up 1.34%, S&P up 1.64%, gold and oil were off slightly.

Alternative Assets
International Markets
From the Blogosphere

So from all of us in the submerging world,