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Alcoa Profits Boost Risk Appetite As Dollar Hits Lows
10/08/09 by Daily Forex Snapshots
Filed under Forex & Futures
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US equity markets were boosted higher yesterday after analyst upgrades for Bank of America and Wells Fargo, followed by earnings released from Alcoa after the close. As the first major earnings focus of the week, the aluminium producer managed to produce its first quarterly profit since last year, against consensus forecast for a loss; no doubt exciting investors that Q3 may outshine even Q2’s… | ||||||||||||||||||||
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