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Headline: It’s darkest just before the dawn Source: Euromoney Date: November 2000 Author: David Roche It’s just one piece of bad news after another for markets at the moment. Falling stocks of oil in the US and the Arab-Israel nightmare are keeping oil prices well above Opec’s stated target of $28 per barrel. Major US corporations announce each day earnings results that disappoint investors. The dot com and hi-tech sector takes a huge pounding. To cap it all, the latest US inflation figures show a disturbing pick-up. |
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