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27Mar2015 Market Close: U.S. Averages Ended Session With Fractional Gains On Low Volume While WTI Oil Plummets

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Written by Gary

U.S. stocks ended in the green on slight gains in a quiet session this afternoon, giving investors a break after four straight days of losses. The price of oil slipped dramatically this afternoon following a big gain yesterday, when traders worried that the escalating conflict in the Middle East would affect the flow of crude from the region.

Oil futures, posting a decline for the first time in six sessions and totally wiping out yesterday"s gains, but still gained about 5% for the week. Prices have dropped as investors have become less worried about the conflict in Yemen.

By 4 pm the afternoon trading had been sideways in a very narrow region on low volume suggesting investors are once again waiting for Mr. Market to give them a clue as to market direction.

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What We Read Today 27 March 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).

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Every day most of this column ("What We Read Today") is available only to GEI members.

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 more features, analysis, studies, and news published in the last week

The 19 Most Unfortunate Photos Ever Taken

Well, these are uncomfortable. And hilarious.







Infographic Of The Day: Brits Are MAD About Their Pets!

We all know that British people are fanatical about their pets, but are they going a bit too far?

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Video of the Day:

Well, these are uncomfortable. And hilarious.


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FOREX NEWS by DailyForex

Eurozone Business Output Improves

The latest Markit composite Purchasing Managers’ Index (PMI) for the Eurozone suggests that business output in the 19 member bloc is growing at its fastest rate for almost four years.

Safe Haven Appeal Grows on Yemen Tension

A growing crisis in Yemen has fueled concerns that the Middle East is on the verge of becoming a powder keg for geopolitical tensions which has sent investors rushing to safe haven currencies like the Japanese Yen and the Swiss Franc.

Air Strikes in Yemen Lift Oil Prices

Brent crude oil price surged $3 in Asian trading on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen. Asian importers, however, said they were not immediately worried about supply disruptions.

UK Inflation Falls To Zero

The latest set of data from the UK’s Office for National Statistics shows that prices in February, as determined by the Consumer Price Index (CPI), have remained unchanged from where they stood twelve months previously.

German IFO Gives Euro a Boost

The ECB’s quantitative easing program, which had initially kept the pressure on the Euro, seems to have provided a lift in sentiment among the Eurozone’s business community.
 more investing, markets, precious metals & forex

27Mar2015 Market Update: Markets Start Afternoon Session In The Green, U.S. Dollar Off Highs, WTI Oil Trending Down



 more opinion

California Water Wars: Another Form of Asset Stripping?

by Ellen Brown, Web of Debt

In California"s epic drought, wars over water rights continue, while innovative alternatives for increasing the available water supply go untapped.

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 USA economy at a glance (boxed items are updates in last 7 days)

Median Household Income Up Slightly in February 2015

from Sentier Research

According to new data derived from the monthly Current Population Survey (CPS), median annual household income in February 2015 was $54,510, not significantly different than the January 2015 median of $54,450. (The apparent month-to-month increase of $60 was not statistically significant.

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