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Policy Maneuver Strengthens

Title: The Weekly Bottom Line : 02/12/2011

The Weekly Bottom Line : 02/12/2011 HIGHLIGHTS OF THE WEEK United States Markets posted a spectacular rally this week. As of noon Friday, the Dow was poised to rise a cool 831 points (or 7.4%) from last week. Policy makers provided much of the fuel for the rally. In the developing world, China and Brazil both cut their policy rates in a bid to combat slowing economic growth. This biggest policy maneuver, however, came when leading developed world central banks announced plans to expand and enhance their currency swap lines. Meanwhile, the stream of decent U.S. data continues to trickle in, bucking the global trend of slower growth. Canada A decisively positive week for equity markets was driven by several international developments to support Europe's troubled ...

Tags: biggest policy maneuver • central bank maneuver

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