David Shairp News
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Investors are again downgrading the decision-making of Standard & Poor’s.
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The Federal Reserve’s pledge to buy more assets to shore up the economy is making European equities more lucrative for U.S. investors than domestic stocks.
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U.K. stocks declined for a second day, led by airlines and travel companies as the ash cloud emanating from an Icelandic volcano closed parts of Europe’s airspace for a fifth consecutive day.
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U.K. stocks climbed as Greek lawmakers met to debate austerity measures that the European Union has made a condition of providing further aid to the indebted country.
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European stocks declined for the fourth time in five days amid speculation that this month’s rally may have overshot the outlook for economic growth.
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U.K. stocks rose for a third day as China refrained from raising interest rates and merger and acquisition activity buoyed Wellstream Holdings Plc and Yule Catto & Co.
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Swiss stocks closed down after swinging between gains and losses as investors contemplated whether a 9.7 percent slide in equities from this year’s high means forecasts for profits growth are outweighing concern about Europe’s debt crisis.
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