Tuesday, December 27, 2011

World stocks little changed

photoNEW YORK (Reuters) - Oil prices jumped more than $1 on Tuesday after Iran threatened to cut off a key oil shipping route through the Strait of Hormuz while world stocks were little changed as a four-day Wall Street rally lost steam. The euro was stuck near an 11-month low as investors feared thin market liquidity could complicate Italy's plans to raise 8.5 billion euros in capital markets later in the week, renewing pressure on the euro zone. Trading volumes were low in most markets as traders returned to their desks for the shortened week between the Christmas and New Year holidays. U.S. ...


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