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Betonmarkets.com Morning Report (22nd July 08)

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Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

Yet Another Tough Week - BetOnMarkets

It was yet another tough week for global stock markets, with the Dow Jones & S&P 500 declining 3.78% on the week and the FTSE down 3.37%. With oil rallying $4, renewed trouble in the financial sector, downgrades to monoline insurers and trouble in the Middle East, markets encountered an ugly storm on Friday.