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Euro, commodities gain on IMF report, futures rise

Posted on 19 January 2012

The euro strengthened and commodities rallied as a person familiar with the discussion said the International Monetary Fund is proposing raise its lending resources by $500 billion. U.S. index futures rose before Goldman Sachs Group Inc. reports earnings.
The euro appreciated 0.6 percent to $1.2818 at 6:38 a.m. in New York. Oil rose 0.8 percent to $101.50 a barrel and the S&P GSCI index of 24 commodities gained for a second day. Standard & Poor’s 500 Index futures added 0.4 percent………………………………………..Full Article: Source


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