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Even some industrialists, among them the head of Germany's chamber of commerce, have questioned hostility's benefits in an economy that seeks to temper market forces with social justice.Hostile takeovers may work in free-wheeling America and Britain, the argument goes, but Germany is different.
(See "AT&T Results Temper Market Heat").. Investors were also looking ahead to the Federal Reserve's statement, due Wednesday afternoon at the conclusion of a two-day monetary policy meeting.
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Like tempers, markets around the world have become increasingly volatile over the past three months, with each round of bad news.Price gyrations in American shares have surged back to record levels, after receding somewhat from a record high in the scandal-ridden month of July.
That they are unlikely to get their way should help to temper the market's mood swings for a while.
If the E.U. ministers come out with a damning critique of the Greek plan, perhaps Moody's latest report will help temper the market's reaction, which could keep Greek borrowing from becoming even more expensive.
But analysts said some of the details tempered the market's response.
It has traditionally been the party of social democracy, of tempering the market with state intervention.
Mixed economic news and overly optimistic expectations tempered the market in the first quarter this year, though major themes emerged.
People born in the nineteen-seventies, one star explained, still bear traces of the collectivist mind-set of the days before Communism was tempered by market reforms.
No rational head of state would upset the harmonious workings of the global economy; nationalist passions would be tempered by "market realities".
This appears to be manifesting itself into a reluctance to commit to any large scale buying ahead of this week's US jobs report and as such is tempering the markets ability to rally with any conviction, which has resulted in equity markets switching in and out of positive territory throughout the afternoon session.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com