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Most European stock markets ended with strong gains, buoyed by relief over a successful Portuguese debt auction, although many financial stocks remained weak.
Asian stock markets were mostly higher Thursday with National Australia Bank gaining as its bid for AXA Asia-Pacific was blocked. The Nikkei rose 0.7%.
Although growth might turn out better than expected, the country seems likely to remain a hostage to contagion.
Compagnie Financière Richemont boss Johann Rupert has a knack for predicting the luxury world's path. Investors should pay attention to what he's saying now.
Some investors took comfort from BP's report on the causes of the Deepwater Horizon disaster. But the market's apparent confusion on BP and involved peers is justified.
Investors have long known banks will have to hold more capital. This weekend, they may finally get an idea of just how much.
With Vodafone's sale of its holding in China Mobile, it joins a growing list of those who bought in with visions of playing a long-term role in China and are instead walking back out.
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