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Aug
12
2011
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Where are markets heading to?
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The countries of France, Italy, Spain and Belgium imposed bans to limit volatility and lift the mood amid rumours over the solidity of banks, all of which have been denied.
Wall Street finished strongly up on Thursday in a week of volatile trading. Responding to his critics, President Barack Obama has blamed the market on the S&P downgrade beyond his control.
“Europe is dealing with all sorts of financial turmoil that is lapping up on our shores,” the US President said.
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