Rakan WARTAMAYA

Saturday, February 12, 2011

Stocks rally, oil falls as Mubarak cedes power


NEW YORK - World stocks surged while oil prices fell on Friday, Feb 11 after the resignation of President Hosni Mubarak in Egypt bolstered sentiment among investors who feared regional unrest could disrupt Middle East crude supplies.

U.S. stocks closed out their second straight week of gains, and emerging market stocks rose for the first time in the past seven sessions, as measured by MSCI's index. [lagi]
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