Weekend stocks hinted that fed won’t hike rates

The speculation about Fed’s rate hikes has been affecting the market. The investors felt that the fed will not be increasing rates and Friday stock ended on a new high. Low oil prices on Friday helped the stock to gain new heights.
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Asian stocks fall over economic slowdown

The gloomy global market has its effect on the Asian market as a fall in indexes was recorded in the Japan’s Nikkei 225 and other Asian markets. As the stocks of U.S. government sponsored home mortgage companies, Fannie Mae and Freddie Mac lowered, the Asian markets registered a low in the indexes.
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Oil rises over the concerns of conflicts in Georgia


The oil prices in New York market rose to $117 a barrel over the concerns of Russian attacks on Georgia. The latest development in the region is the deal signed between U.S. and Poland to allow installation of missile-defense system in the country and the deal is also seen a step towards rising risks of war in the region.
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Court denied lowering strict rule on pollution

The federal court rejected the plea filed by the Bush government for reducing the strict rules on pollution check. The government asked to lower the power of states and local government in imposing strict rules of pollution check but the court dismissed the demand.
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