Finland: Greek bailout to get final approval in three weeks

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Source: Forexfactory
Finland's Finance Ministry considers the next Greek bailout is likely to be finally approved by the week which starts March 12. Currently, all necessary elements to sign an agreement on the 130 billion Euros worth bailout loan are ready, said French Finance Minister, Francois Baroin. However, it is still not clear how much the IMF plans to contribute to the bailout. The pair EUR/USD broke the support level of 1.3200 and currently is trading at 1.3192.
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Mon, 20 Feb 2012 13:31:47 GMT

S&P 500 index 1.4% up last week

S&P 500 index rose on Friday, supported by regained Greek optimism and better than predicted US economic data. American stock index added 0.23% or 3.19 points and finished at 1,361.23. Frontier Communications rocketed 7.3% after lowering its dividends to cut debt. Heinz gained 4.6% on successful earnings report. Gilead Sciences tumbled 14% after drug maker said its hepatitis C treatment

Mon, 20 Feb 2012 12:24:31 GMT

Deutsche Bank: solid base metals in Q2

Deutsche Bank expects the industrial metals to be firm in Q2 as China's and Europe's economic situation is likely to stabilize. Copper is expected to average at 9,000 US Dollars per ton in Q2 while the metal's price is likely to fall to 8,500 US Dollars per ton in Q3 and recover to 8,700 US Dollars per ton in Q4.

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