Monday, April 26, 2010

Quick Notes for the Day - April 26

Financial reform nears test in Senate - Reuters - "The most sweeping overhaul of financial regulation since the Great Depression appeared unlikely to clear its first hurdle in the Senate on Monday as Republicans held out for a bipartisan deal."

Oil Falls Below $85 - Crude-oil futures fell this morning under $85 a barrel on worries about Greece and pressure the Euro might face. Crude oil traded at $84.99 a barrel on NYMEX. Last week, oil was volatile, but finished the week with a 0.5% gain.

Gold Stable for Now - Gold futures have been fluctuating, but remain relatively stable as investors watch Europe for issues with Greece, the euro, and the other eurozone countries. Gold futures were up 0.1% ($1) to around $1,155 an ounce.

Greece in limbo will keep markets volatile - Reuters - "Until investors have a clear idea of exactly how much money Greece will receive from the European Union and the IMF -- and when -- uncertainty stemming from the Hellenic Republic's growing fiscal despair will weigh on global markets."

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