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Philips pins recovery hopes on holiday sales

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Philips Electronics said it had still not seen a recovery in most of its markets and the Thanksgiving and Christmas holidays would be a key test of whether shoppers' confidence has returned.

Stock futures up as dollar slips

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Stock futures climbed on Monday as a softer dollar helped boost commodity prices and, potentially, earnings of export oriented U.S. companies.
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GM U.S. September auto sales fall 45 percent

General Motors Co [GM.UL] said on Thursday that its U.S. September auto sales fell 45 percent, pressured by weak consumer confidence, low inventory levels and the end of the U.S. government cash for clunkers incentives.
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Ford U.S. September auto sales fall 5 percent

Ford Motor Co (F.N) said on Thursday its U.S. auto sales fell 5 percent in September from a year earlier as demand slumped off in part due to the end of the U.S. government's cash for clunkers incentive program.
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European shares down; banks, commods suffer

Weakness from commodity stocks and banks outweighed gains in insurers by midsession Thursday, leaving European shares 0.3 percent weaker as nervousness about the global economy resurfaced.
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Daily Commentary - 1/10/2009

The Australian Dollar opens today at 0.8810 having surged higher during local trade on Wednesday after stronger than expected economic data.
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Australia's Myer to raise up to $2 billion in IPO

Myer, Australia's largest department store chain, plans to raise up to $2 billion in a share offering that will test investor appetite for retail stocks and may encourage other IPOs in the sector.
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Daily Commentary - 18/09/2009

The Australian Dollar has held onto its recent spectacular gains and opens on Friday at 0.8710. The Aussie ended yesterday's local session at a new 13-month high of 0.8774 as stronger-than-expected economic data from the United States adds to signs the global economy is edging towards recovery.
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U.S. housing starts, permits touch 9 month high

New construction of U.S. homes and permits for future building scaled a nine-month high in August, and the number of people filing new claims for jobless benefits fell last week, suggesting a recovery was underway.
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World stocks at new 11-month high

World equities rose on Wednesday to new 11-month highs, after upbeat U.S. data boosted faith in an economic recovery, persuading more investors to sell their low-yield dollars to buy growth-oriented stocks and commodities.
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Oil near $71, sheds early losses on weak dollar

Oil shed early losses and hovered near $71 on Wednesday as the dollar's fall to one-year lows and Asian equities' climb to 2009 highs drew investors back to risky assets on brightening signs of a U.S. economic recovery.
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Asian stocks hit 2009 highs

Asian shares swept to their highest levels for 2009 on Wednesday after upbeat U.S. economic news boosted riskier assets leveraged to global growth, while the U.S. dollar slipped to a one-year low.
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Asian stocks hit 2009 highs, U.S. dollar slips

Asian shares hit their highest levels for 2009 on Wednesday after upbeat U.S. economic news gave riskier assets leveraged to global growth a boost, while the U.S. dollar slipped to a one-year low.
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Buffett says U.S. economy has not turned up

The U.S. economy has not begun to climb out of the worst recession since the Great Depression, but the terror that followed last year's near- collapse of the financial system is gone, due in part to government intervention, Warren Buffett said on Tuesday.
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U.S. retail sales surge as economy gains strength

U.S. retail sales rose in August at the fastest pace in 3-1/2 years and a gauge of New York State manufacturing hit a near two-year high, offering hope for a solid recovery from a severe recession.
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Wall Street gets lift from materials firms

Stocks rose on Tuesday to fresh 2009 highs after stronger manufacturing and retail sales data boosted commodity prices and shares of companies in the materials sector.
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Wall Street edges up after data

Stocks rose modestly on Tuesday after stronger-than-expected retail sales data, though gains were limited by some retailers' disappointing earnings.
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Market edges up after data

U.S. stocks rose modestly on Tuesday after stronger-than-expected retail sales data, though gains were limited by some retailers' disappointing earnings.
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Weak earnings, credit offset data; shares flat

U.S. stocks were little changed on Tuesday as some retail companies' results and rising credit card defaults overshadowed government data showing stronger-than-expected retail sales last month.

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