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The modest actions Friday could merely be that investors are "a small bit exhausted," said Paul Zemsky, head of asset allocation at ING Investment Administration. "The fundamentals would show we ought to be higher." Shares have been on a steady climb for nearly two months. A pause, especially following powerful earnings the past couple of times, "is absolutely all-natural and maybe even anticipated," Zemsky stated.
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There is an eerie feeling for the initial night of buying and selling following the G20 summit. The Nikkei markets are up, but the yen is quickly losing steam, and is close to dropping below eighty one on the yen/usd index.
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The Subsequent Eleven (N-eleven) is a group of emerging countries with the potential to rival the G8. This group consists of Bangladesh, Egypt, Indonesia, Iran, Korea, Mexico, Nigeria, Pakistan, Philippines, Turkey and Vietnam.
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