Markets News Friday: OECD composite leading indicators for October continue to point to a recovery; EU leaders ask IMF to examine feasibility of Tobin Tax on financial transactions
Dec 11th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and commodities; OECD composite leading indicators (CLIs) for October 2009, published today, continue to point to a recovery in OECD economies; with the CLIs for Canada, France, Italy, Germany and the United Kingdom pointing more strongly to recovery than in September's assessment. Meanwhile, on Thursday in Brussels, European Union (EU) leaders urged the International Monetary Fund (IMF) to examine the feasibility of a global Tobin Tax on financial transactions to give money back to society in boom times, according to a draft summit statement.