DON'T START THE WAR Message Board

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Politics : DON'T START THE WAR

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To: PartyTime who started this subject	2/18/2003 3:04:11 PM
From: Just_Observing	Read Replies (1) of 25898

Peace dividend? Global investors Monday were acting like war wasn't quite as likely as it was last week. February 17, 2003: 3:18 PM EST By Justin Lahart, CNN/Money Staff Writer NEW YORK (CNN/Money) - Global investors aren't the likeliest group of peaceniks you'll come across. But Monday they appeared to have joined the millions who protested this past weekend in hoping that war with Iraq would be avoided. U.S. markets were closed for Presidents Day -- just as well considering the snow drifts piling up on Wall Street -- but markets around the world suggested that traders have come to feel that war is less imminent. The major international stock exchanges saw big rallies. Gold -- traditionally a safe haven for skittish investors -- saw its price tumble, as did oil. The dollar strengthened. (Check how world markets closed here). A lot of the reason was Chief U.N. inspector Hans Blix's report on Friday to the Security Council. Blix took a softer line on Iraq than traders anticipated, raising expectations that United States would tone down the rhetoric, giving diplomacy and the inspection process more time before acting. more at money.cnn.com

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