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VCSC daily - Market improve on positive news – SBV meets with twelve commercial banks

Global markets optimism returned on Federal Reserve chief Bernanke’s view that the job market and the economy will return to full health in the long run. While no new economic stimulus measures were announced, he did leave open the possibility of more action, in particular he said the Fed's September policy meeting will be extended to two days, instead of the scheduled one, to “allow a fuller discussion” of the slowing economy and the central bank's possible response.