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Wall Street set to rise on commodities, M&A

Wall Street was set to open nearly 1 percent higher on Tuesday as rising commodity prices and an uptick in merger and acquisition activity fueled hopes the economy is strengthening.

Solar credit crunch to ease next year: Trina

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China's export-dependent solar panel makers are seeing a glimmer of light at the end of the tunnel after a difficult year fighting a global credit squeeze and a spate of project delays, a senior industry executive said.

Berlin wants clarity on Opel as GM board meets

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The German government called for clarity from General Motors on its long-term plans for Opel should the U.S. carmaker reverse course this week and decide to keep its European business.
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Momentum propels gold over $1,000/oz

Gold powered through the $1,000 per ounce psychological barrier on Tuesday, carried by a wave of pent-up technical momentum and dollar weakness, with some analysts eyeing last year's record high at $1,030.80.
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Novozymes sees U.S. bioethanol output holding up

Danish industrial enzymes producer Novozymes, which is pinning big hopes on producing enzymes for biofuels, said it expected U.S. bioethanol production to hold up well in the second half of this year.
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Gold vaults $1,000/oz, momentum overwhelms

Gold powered through the $1,000 per ounce psychological barrier on Tuesday, carried by a wave of pent-up technical momentum and dollar weakness, with some analysts eyeing last year's record high at $1,030.80.
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Longer-term growth still an issue

Data in the coming week should deliver more proof that a global recovery is at hand, but policy-makers are facing up to how sub-par growth over the long haul might constrain their policy choices.
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Swiss topple U.S. as most competitive economy: WEF

Switzerland knocked the United States off the position as the world's most competitive economy as the crash of the U.S. banking system left it more exposed to some long-standing weaknesses, a report said on Tuesday.
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Emerging market stocks breach pre-Lehman high

Emerging markets stocks hit a new year high on Tuesday, rising to levels last seen before the Lehman Brothers collapse, and world stocks in general headed toward a new 2009 peak.
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Oil rises towards $69 ahead of OPEC, inventory data

Oil prices rose toward $69 a barrel on Tuesday, underpinned by comments by delegates from an OPEC meeting starting Wednesday, which analysts believe may see more rhetoric on compliance but no change in output targets.
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Gold hits $1,000, Asian shares rise

Asian shares touched a one-year high on Tuesday, while gold prices hit $1,000 an ounce for the first time in six months in a sign of investor concerns about the sustainability of the global economic recovery.
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Gold futures hit $1,000/oz as investors seek refuge

U.S. gold futures hit a six-month high of $1,000 and spot gold also rose to six-month high on Tuesday as the dollar's weakness, concerns about the sustainability of the global economic recovery and worries about inflation underpinned sentiment.
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Oil ticks up ahead of OPEC, inventory data

Oil prices held steady on Tuesday with investors perched on the fence ahead of an OPEC meeting on Wednesday, which analysts believe may see more rhetoric on compliance but no change in output targets.
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Gold futures hit $1,000

Asian shares touched their highest level in a year on Tuesday, while gold futures hit $1,000 an ounce for the first time in six months on investor concerns about the sustainability of the global economic recovery.
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Oil rises above $68 ahead of OPEC, inventory data

Oil prices rose above $68 a barrel on Tuesday with investors perched on the fence ahead of an OPEC meeting on Wednesday, which analysts believe may see more rhetoric on compliance but no change in output targets.
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Google alters Europe book plans

Google has offered concessions to European publishers who are concerned about the Internet giant's plans to further digitize books by saying that it will not include European books that are still commercially available.
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Gold futures hit $1,000 as investors seek refuge

U.S. gold futures hit a six-month high of $1,000 and spot gold also rose to six-month high on Tuesday as the dollar's weakness, concerns about the sustainability of global economic recovery and worries about future inflation underpinned sentiment.
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Gold inches closer to $1,000

Gold inched up on Tuesday as the dollar's weakness, concerns about the sustainability of global economic recovery and worries of future inflation underpinned sentiment, with traders eyeing $1,000 an ounce.
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OzForex Daily Commentary - 08/09/2009

:: Australian Dollar: The Aussie dollar continued to power ahead holding on to the psychological 85 cent support level to open this morning around 0.8550. Yesterdays ANZ job advertisement survey revealed a 4.1% rise in August from the previous month, the first monthly rise since April 2008. The news gave investors some confidence that this Thursday's employment report will show continued improvement in the labour market spurring the AUD higher. With the U.S on holidays it was a relatively quiet ...

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