Charts and News for Monday

Here is some news I’m watching this morning …

European Central Bank Lends $65 Billion, Says Markets Returning to Normal The European Central Bank lent emergency money to banks for a third day, paring the amount and declaring that markets are returning to normal.

Asian Stocks Advance After Central Banks Pledge Cash; Kookmin, BHP Climb Asian stocks rose, following their biggest drop in five months, as the region's central banks moved to ease a credit crunch sparked by losses on higher risk mortgages.

China's July Inflation Jumps to 10-Year High, Adding Force to Raise Rates Inflation in China, the world's fastest-growing major economy, accelerated to the highest rate in more than 10 years, fueling speculation that the government may raise borrowing costs for a fourth time in 2007.

Toshiba, Seeking Uranium, Sells 10 Percent of Westinghouse to Kazakhstan Toshiba Corp., Japan's biggest maker of nuclear reactors, sold a 10 percent stake in its Westinghouse Electric Co. unit to Kazakhstan's state uranium-mining company, gaining access to the world's second-largest uranium reserves.

Uranium Price Falls to Lowest Since March on Oversupply, TradeTech Reports Uranium dropped to the lowest since March because of an oversupply of the metal used to make fuel for nuclear reactors, according to TradeTech LLC, an industry consulting company.

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