Intraday Market Thoughts
Archived IMT (2008.09.08)
Sep 8, 2008 13:00
US stock futures indicate an opening sharply higher but it is unclear whether these gains are sustained into the end of the session. Recall that on Monday, July 14, the day after the US Treasury announcements to extend a credit line to GSEs, stocks opened higher but failed to sustain them, leading to a rebound in the JPY across the board.
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