Monday, June 1, 2009

WALL ST. MONDAY: DOW +221
U.S. DOLLAR, YEN SLUMP

DOW JONES INDUSTRIAL AVERAGE
6/1: CLOSE: 8,721.44 UP 221.11
  • DAILY FX: The US dollar and Japanese yen both fell lower on Monday, though the latter was the weakest of the majors, as investor sentiment continued to build despite the fact that General Motors Corp. unsurprisingly filed for bankruptcy protection . . . READ MORE
  • FINANCIAL TIMES: Stock markets round the world surged on Monday as robust manufacturing data raised hopes that the global economy could soon be past the worst of the recession. . . . READ MORE
  • WALL STREET JOURNAL: Better-than-expected data on personal income, manufacturing and construction propelled the S&P 500 to a new 2009 high on Monday, but renewed inflation fears continued to chill the bond market. . . . READ MORE

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