financial market

The NASDAQ OMX Group, Inc., the world’s largest exchange company, today announced that it has extended its co-operation with Verizon Business, a global leader in communications and IT solutions. Through the new agreements between two companies, NASDAQ OMX is reinforcing its global open connectivity strategy as well as supporting the expansion of its world-leading co-location services offering for its U.S. exchanges and markets.

 On Thursday fears at the world markets that a Dubai debt default could reignite the financial turmoil of the credit crisis impacted European and Asian equities, lifting government bond prices and pulling the U.S. dollar off of recent lows as investors sought out safe havens.

"This an important reminder that the credit crisis is forgotten but not gone," Robert Rennie, strategist at Westpac Global Markets Group, said in a note.

Financial markets recovered very quickly after the stocks falling on Tuesday, the dollar reclaiming some losses and gold declining back a little from record highs.
Investors were generally taking profits from Monday's stock rally, which saw U.S. blue chips gain 1.3 percent and European shares 2 percent.