World markets rose modestly to start off the New Year, as the European nations brace for another round of credit downgrades within its members. In particular, France’s AAA rating will likely be reduced due to the deteriorating economic conditions in the Euro area. In response, gold prices continues to rise as investors move away from equities, while oil prices fell as the slowing global economy reduces demand for the fuel. On the other hand, the U.S. economic condition continues to improve as the region’s job market added more positions in December.

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