Sunday, August 17, 2008

Russian bear may be weighing on markets

Market Dispatches - MSN Money: "By Charley Blaine and Elizabeth Strott
One big question on Wall Street is why the stock market hasn't reacted more to the Russian incursion into Georgia.
After all, the market finished Friday and the week little changed, despite lower oil prices and a higher dollar.
A closer look reveals that the conflict is affecting markets already. The Georgian situation is an understated reason for the dollar's gains against the euro and the British pound this week. The slumping European economies were probably a larger catalyst for the greenback's move."

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