BEN BERNANKE

Daily Commentary - 12/10/2009

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Comments by U.S Federal Reserve Bank Chairman Ben Bernanke relating to interest rates and inflation kept a lid on the Aussie dollar heading into the weekend and it opens this morning relatively unchanged from Friday''s Asian close at 0.9035.
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Brazil stocks touch year-high on economy hopes

Brazil stocks racked up yet another high for the year to date on Friday, as Brazilian stocks followed foreign markets upward after profit-taking in the morning. The benchmark Bovespa index rose 0.49 percent to 64,071.01, after hitting a new intraday high for the year as investors stayed optimistic about Brazil's economic recovery.
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Stocks set to slip at open

Stocks headed for a lower open on Friday as a pullback in commodity prices weighed on natural resource shares after the U.S. dollar rebounded.
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Oil falls towards $71 on dollar recovery

Oil fell toward $71 a barrel on Friday, trimming a 3 percent gain in the previous session, as a bounce in the dollar outweighed a more positive demand outlook from the International Energy Agency.
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Futures flat as dollar's bounce weighs

Stock index futures were little changed on Friday as a retreat in commodity prices weighed on natural resource shares after the U.S. dollar rebounded.
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Bernanke boosts dollar, commodities down

The dollar rose on Friday after Federal Reserve Chairman Ben Bernanke indicated U.S. monetary policy could be tightened as a recovery takes hold, sending crude and metal prices lower.
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Asia shares hit 14-month high, ailing dollar rises

Asian shares hit a fresh 14-month high on Friday on optimism over U.S. earnings and the global economy, while the U.S. dollar got a reprieve after Federal Reserve Chairman Ben Bernanke indicated monetary policy would have to be tightened as a recovery takes hold.
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Bernanke: As recovery takes hold, need to tighten

Federal Reserve Chairman Ben Bernanke said on Thursday that while the U.S. central bank's vast support for the economy will likely be needed for a while, the Fed must remove that help as the economy heals to ward off inflation.
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U.S. pronouncements later hurt bailout: IG report

Senior U.S. officials deliberately created the impression last year that banks receiving huge government cash infusions were healthier than was the case, a Treasury Department watchdog's report released on Monday said.
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U.S. pronouncements later hurt bailout

Senior U.S. officials deliberately created the impression last year that banks receiving huge government cash infusions were healthier than was the case, a Treasury Department watchdog's report released on Monday said.
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Stocks may hit earnings speed bumps

U.S. stocks could hit more speed bumps this week if the start of the third-quarter earnings season offers little evidence that the economic recovery is gaining strength.
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Fed Seeks More Financial System Oversight

Federal Reserve Chair Ben Bernanke made a case to Congress on Thursday that the Fed needed additional powers to oversee banks, insurance companies, hedge funds, and others. He also admitted that the Fed hasn’t done a good job protecting consumers but said improvements are being made.
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Lawmakers urge delay in Internet gambling rules

U.S. House Financial Services Committee Chairman Barney Frank and other lawmakers on Friday urged regulators to delay the December 1 implementation of financial rules to enforce a ban on Internet gambling.
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Bargain-hunters eye real estate: Barclays

More investors are likely to move capital into real estate over the next couple of years to scoop up bargains even as the distress that has long plagued residential real estate broadens and takes hold in the commercial sector, a top restructuring expert said.

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