Oil pares gains as Israeli air raids in Gaza continue
Crude-oil futures pare their early strong gains as Israel kept up its
air raids in the Gaza Strip, raising fears that escalating
geopolitical tensions could lead to a disruption of oil supplies from
the Middle East.
MARKET SNAPSHOT: U.S. STOCKS FALL AS RISING OIL PRICES PRESSURE CONSUMER STOCKS
U.S. stocks erase early gains as rising crude oil prices pressure
consumer-related stocks and after news that Kuwait scrapped plans for
a $17.4 billion joint venture with Dow Chemical.
ISRAELI AIR FORCES STRIKE MORE HAMAS TARGETS IN GAZA
For a third day, Israeli air forces strike targets linked to militant
group Hamas in the Gaza Strip Monday, bringing the death toll to more
than 300, according to a BBC report.
LONDON MARKETS: OIL PRODUCERS, MINERAL EXTRACTORS CLIMB IN HIGHER LONDON
London shares advance, as investors return from a two-session holiday
break and buy up oil producers and mineral extractors.
ASIA MARKETS: TOKYO, HONG KONG END UP AFTER ROLLER-COASTER RIDE
Most Asian markets retreat in light trading Monday, shadowed by a weak
economic outlook for 2009, with Japanese stocks lower as exporters
such as Canon Inc. and Toyota Motor Corp. decline after advancing
during the previous two sessions.
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