Most centers are closed for holidays today. The Asia Pacific equity markets there were open moved lower following the losses on Wall Street yesterday. The weakness of the yen failed to underpin Japanese shares. China disappointed most observers by failing to cut the one-year medium-term lending facility rate (2.85%) and shares slipped. The dollar is mostly higher. It is up for the 11th consecutive sessions against the Japanese yen. The euro fell to its lowest level in nearly two years yesterday (slightly below $1.0760) following the ECB's meeting that failed to bring forward a change in guidance. Its recovery has ... (full story)