News from Dubai please investors

[Femi]

Dull trading in Asia was broken by the report that Dubai World tended to perform reliabilities of planed today repayment of the company Nakheel, that became comfortable news for investors and was reflected in growth of stocks and a series of risk currencies. News of Abu Dhabi's willingness to solve a current situation helped the sterling to gain from a morning level at $1.6200 and to reach to a daily high at $1.6325. Offers from here to $1.6330 prevents the pound to extend gains, but its breakup could stimulate further recovery to $1.6350 and $1.6380. In the case of breakup of the last level the sterling is likely to rise more active. (www.ifcmarkets.com)

[Pinalli]

Yea... Less than two weeks ago, news that Dubai World holding company might default shook all financial markets and led to a sell-off in riskier assets, including the high-yielding Australian and Canadian Dollars and causing a modest rally in the US Dollar and Japanese Yen.

[peter]

hmmm .... Very intresting :?