GOLD HITS FIVE-MONTH HIGHS AS EU PLAN QUESTIONED
Gold futures Tuesday climb to five-month highs as investors consider
the implications of the European Union's rescue package and its impact
on Europe's common currency.
CHINA ANALYST SEES UNFOLDING CREDIT BUST
China's economy is teetering on the edge of a major slowdown, though
it's a collapse in credit rather than soaring real-estate prices that
will lead to distress, China strategist David Roche says.
CHINESE DATA ADD TO CASE FOR RATE HIKE
China's inflation rate accelerates in April, as consumer and producer
prices beat estimates, while data also show bank lending gathering
pace, raising odds for a rate hike and appreciation of the yuan.
OIL FUTURES BACK ABOVE $77
Oil futures shed earlier losses to rise above $77 a barrel on Tuesday,
extending gains from the previous session, as skepticism over Europe's
$1 trillion rescue plan faded somewhat, pulling the dollar off earlier
highs.
TUESDAY'S BIGGEST GAINING AND DECLINING STOCKS
Among the companies whose shares are seeing active trade in Tuesday's
session are Cirrus, Fossil and Priceline.
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