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Monday, July 23, 2007

News You Can Use for Monday

Here are some stories of interest ...

China's Exported Inflation May Signal Interest-Rate Pressures Around Globe The rising cost of goods the U.S. imports from China may be an early warning signal that central bankers from the U.K. to India are about to pay a price for a cause they've championed: globalization.

Crude Oil Falls a Second Day After Reuters Reports OPEC May Raise Output Crude oil fell after Reuters reported the Organization of Petroleum Exporting Countries was concerned about high oil prices and their impact on the world economy.

Gold Falls in London as Dollar's Drop Against Euro Stalls; Silver Climbs Gold fell in London as the dollar's decline against the euro stalled, eroding the appeal of the precious metal as an alternative investment. Silver advanced.

Dollar Rebounds Against Euro, Yen as Technical Chart Shows Gains Too Fast The dollar rebounded from a record low against the euro as a technical chart some investors use to predict currency movements suggested its decline was too rapid.

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