Around the World's Markets: NEW YORK

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The Independent Online
US stocks were mixed in morning trading as calming remarks by Alan Greenspan over the outlook for interest rates offset concern that Asia's economic slump will cut into US corporate profit growth.

Mr Greenspan, chairman of the Federal Reserve, said that the central bank sees no need to raise interest rates, given that the economy is slowing and inflation is in check. The Dow Jones rose 38.61, or 0.4 percent, to 9088.53, in midafternoon trading. Greenspan's testimony, page 19

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