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Monday Developments
May 18, 2009
Markets exhibited a better tone on Monday. Stocks had experienced their worst weekly performance since early March, as risk aversion was buoyed by several worse-than-forecast economic indicators culminating Friday in Euroland first-quarter growth figures. Real GDP fell last quarter at a seasonally adjusted annual rate of 14.4% in Germany, 9.4% in Italy, and 9.8% in […] More
