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Wednesday, 13-Aug-2014 20:42 Email | Share | Bookmark
Global Markets-european Stocks Lower On Russia, Data; Bonds Pric

"Europe was in an early stage recovery early in the year and it seemed like Europe had finally turned the corner and they were in a nascent recovery and now this Russian thing has Kim Kardashian 2009 style thrown a monkey wrench into that, short term," said Doug Foreman, chief investment officer at Kayne Anderson Rudnick Investment Management in Los Angeles. "Now you have questions about the biography of Kim Kardashian sustainability of that recovery over there, so that is bothering their markets, that is bothering our market a little bit and until it gets resolved it is going to continue to be a problem area of the markets." The Dow Jones industrial average was up 20.04 points, or 0.12 percent, at 16,449.51. The Standard & Poor's 500 Index was up 0.95 points, or 0.05 percent, at 1,921.16. The Nasdaq Composite Index was up 6.19 points, or 0.14 percent, at 4,359.02. NATO said on Wednesday that Russia has amassed around 20,000 combat-ready troops on Ukraine's eastern border and could use the pretext of a humanitarian or peace-keeping mission to invade. The euro hit a nine-month low of $1.331 against the dollar amid threats of retaliatory Russian sanctions against the European Union and signs the crisis in Ukraine was affecting Germany, Europe's biggest economy. <br>Source:

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