While you were sleeping Wall St edges lower

Mon, 30 Jul 2012

By Margreet Dietz July 31 (BusinessDesk) - Investors have begun the week cautiously, reluctant to place big bets before meetings of policymakers in the US, the euro zone and the UK in the coming days. European Central Bank President Mario Draghi last week promised that the central bank, within its mandate, was "ready to do whatever it takes to preserve the euro," adding, "and believe me, it will be enough." Germany's Angela Merkel and France's Francois Hollande echoed Draghi's sentiment. While that still provided support for the stocks in th...

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