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Tuesday, May 11, 2010

Stocks retreat early on concerns about EU bailout

Worries increase that the bailout won't solve debt crises. Greece will ask for a chunk of aid today.
Worries about Greece's fiscal situation blew up because of fears that the country would default on that debt.

Crude oil was up a nickel to $76.85 a barrel this morning.
Higher-than-expected inflation in China also sparked global jitters.

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