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Paul Dykewicz

[dollar bills]
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The dollar and the yen fell this morning against growth-linked currencies which drew support from higher stock markets as investors responded positively to prospects of more economic reform in China.

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U.S. stocks rose, sending the Standard & Poor’s 500 Index above 1,800 for the first time, as global equities rallied after China pledged to expand economic freedoms. The S&P 500 climbed 0.2 percent to 1,801.09 at 9:32 a.m. in New York.

[NYSE building]
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Washington Post Co is changing its name to Graham Holdings Co, after its sale of the Washington Post newspaper to Amazon.com Inc founder Jeff Bezos. The company’s symbol on the New York Stock Exchange will change to “GHC” starting on Nov. 29.

[Bull Market]
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U.S. stocks rose today to extend records for benchmark indexes, as Janet Yellen, the nominee to become chairman of the Federal Reserve, spoke about the need to continue the Federal Reserve’s stimulus efforts.

[Map of Europe]
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The euro-zone economy all but stagnated in the third quarter with France’s recovery fizzling out and Germany’s growth slowing.

[Japanese Prime Minister Shinzo Abe]
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Japan’s 3Q Growth Hits Speed Bump (CNBC) After first and second quarter growth rates of 4.1 and 3.8 percent, respectively, Japan’s economic growth is expected to take a breather before revving back up in the fourth quarter of this year. According to a Reuter’s poll, Japan’s gross domestic product (GDP) will only rise by 1.7 […]