DailyMarkets.com - America Movil Trails Lower
DailyMarkets.com - America Movil Trails Lower |
- America Movil Trails Lower
- FLEX Targets Emerging Markets
- Assurant Estimates Cat Loss For 2Q
- Wheat Retreats As Russian Exports Resume
- Australian Dollar: The Downside Prevails
- Canadian Dollar: Caution
- Forex – EUR/USD Steady Close To 1-month High On Greece Deal
- Canadian Ivey PMI Jumps More-than-expected In May
- Rating Action On Principal Financial
- WPI Seeks Generic Viagra Approval
- EUR/USD To Confirm Or Invalidate Double Top In US Session
- Crude Oil Futures Pare Losses On OPEC Uncertainty
- Stock Market News Briefs: Citigroup, COCA COLA HELLENIC BOTTLING CO, Cisco Systems, Frontline Ltd., Goldman Sachs Group, Jefferies Group, Nike, Newell Rubbermaid, GT Solar International, Wells Fargo & Company, Wal-Mart Stores
- PEG’s Texas Plant Sale Canceled
- AUD/USD Sets Up In A Range Ahead Of The RBA Interest Rate Announcement
- This Week In GBP: GBP Pressured On Economic Data, Austerity, Falling Yields; Will It Last?
- Forex – USD/CAD Eases Off Daily High As Crude Oil Trims Losses
- FX Headlines: Falling Short-term Rates In U.S. Boosts Risk Appetite
- Swiss Franc: The Downside Prevails
- Japanese Yen: Under Pressure
- British Pound: The Downside Prevails
- Euro: The Downside Prevails
- Yen Pops Higher As Risk Aversion Rises
- Growth Concerns Remain Center Stage
- GBP/USD Has Key Support At 1.6350 For The Bullish Scenario
- Forex Trading: EURUSD In Narrow Range. Eyeing A Range Extension Today
- The Current Economic Recovery In Perspective
- Forex – EUR/JPY Slips Amid Caution Over Greek Financing Package
- Forex Trading: GBPUSD Dips Below Support
- The Unknown Costs Of Saving The Auto Industry
- Canadian Building Permits Plunge In April
- AES Corp. Opens New Power Plant
- American Tower To Go REIT Way
- U.S. Stock Futures Lower With Apple In Focus; Dow Sheds 0.3%
- Forex – Dollar Firms Up Vs. Rivals As Greece Financing Deal Eyed
- USD Stabilizes Vs EUR As Next Step In Debt Saga Awaited, Weaker Equities Help JPY And USD
- Forex – Dollar Firms Up Against Pound After Hitting 3-day Low
- Forex – EUR/USD Slips But Still Supported By ECB Rate Hike View
- Sugar Futures Climb To 7-week High On Brazil Crop Concerns
- AUD/NZD Daily Fundamental Analysis For June 7, 2011
- AUD/USD Daily Fundamental Analysis For June 07, 2011
- NZD/USD Daily Fundamental Analysis For June 07, 2011
- USD/JPY Daily Fundamental Analysis For June 7, 2011
- Forex News – A Weak U.S. Labor Market, Hopes Surrounding Greece And Worries From The E. Coli Outbreak
| Posted: 06 Jun 2011 08:04 AM PDT Mexican telecom giant America Movil’s (NYSE:AMX) shares continue to plunge as the company remains exposed to current regulatory whirlwind surrounding the Mexican telecom market.
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| Posted: 06 Jun 2011 07:40 AM PDT Flextronics International Ltd. (FLEX) is expanding its reach in Europe and India through its business arm, Flextronics Global Services (FGS). The company chose Turkey and India to be their preferred destination for the second phase of expansion of their operations for providing post-manufacturing supply chain logistics services.
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| Assurant Estimates Cat Loss For 2Q Posted: 06 Jun 2011 07:21 AM PDT Assurant Inc. (NYSE:AIZ) is expected to report pre-tax catastrophe losses in the range of $65 million to $75 million in the second quarter of 2011. Massive destruction caused by natural calamities, such as hailstrom, tornadoes, winds and floods throughout the Southeast and Midwest United States, have accounted for the losses.
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| Wheat Retreats As Russian Exports Resume Posted: 06 Jun 2011 07:18 AM PDT Today’s Idea
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| Australian Dollar: The Downside Prevails Posted: 06 Jun 2011 07:17 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 06 Jun 2011 07:17 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Steady Close To 1-month High On Greece Deal Posted: 06 Jun 2011 07:07 AM PDT Forex Pros – The euro was steady against the U.S. dollar on Monday, trading close to a one month high, supported by optimism over a tentative euro zone deal on a new financing package for Greece and expectations of a European Central Bank rate hike.<br /><br />EUR/USD hit 1.4593 during early U.S. trade, the daily low; the pair subsequently consolidated at 1.4618, slipping 0.12%.<br /><br />The pair was likely to find support at 1.4450, Friday’s low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Canadian Ivey PMI Jumps More-than-expected In May Posted: 06 Jun 2011 07:05 AM PDT Forex Pros – Canada’s Ivey purchasing managers’ index jumped significantly more-than-expected in May, industry data showed on Monday.<br /><br />In a report, the Richard Ivey School of Business said its purchasing managers’ index rose to 69.1 in May from 57.7 in April. <br /><br />Analysts had expected the index to rise to 60.0 in May.<br /><br />On a seasonally adjusted basis, the index advanced to 65.5 in May from 57.8 in the preceding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Rating Action On Principal Financial Posted: 06 Jun 2011 07:02 AM PDT Based on the improved investment position, Fitch Ratings upgraded the rating outlook to stable from negative on Principal Financial Group Inc. (NYSE:PFG) and its subsidiaries. The rating agency also affirmed the ‘AA-’ financial strength ratings on the company’s primary life insurance company subsidiaries and the ‘A-’ rating on its holding company senior debt rating.
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| WPI Seeks Generic Viagra Approval Posted: 06 Jun 2011 07:02 AM PDT Watson Pharmaceuticals Inc. (NYSE:WPI) recently announced that it has filed an Abbreviated New Drug Application (ANDA) with the US Food and Drug Administration (FDA) to market its generic version of Pfizer Inc.'s (NYSE:PFE) erectile dysfunction (ED) drug, Viagra sildenafil citrate tablets.
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| EUR/USD To Confirm Or Invalidate Double Top In US Session Posted: 06 Jun 2011 07:01 AM PDT The Currency Market is Abandoning USD's May Recovery (6/4) Short-Term- The EUR/USD has been very strong on the back of a surging Euro. The market however started this week flattened. The 1H chart shows a completed double top.
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| Crude Oil Futures Pare Losses On OPEC Uncertainty Posted: 06 Jun 2011 06:57 AM PDT Forex Pros – Crude oil futures pared losses on Monday, retreating from a daily low as an upcoming meeting of the Organization for Petroleum Exporting Countries created uncertainty over the direction of oil prices.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD100.02 a barrel during U.S. morning trade, shedding 0.53%. <br /><br />It earlier fell as much as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 06 Jun 2011 06:36 AM PDT Zynga Inc, one of the largest game makers for Facebook is negotiating with The Goldman Sachs Group, Inc. (NYSE:GS) to head its initial public offering and provide a credit line of over $1 billion, enabling the company to make acquisitions Wal-Mart Stores Inc. (NYSE:WMT) announced a new share buyback program during its 41st annual shareholders conference. The company was authorized to buyback up to $15 billion in shares Newell Rubbermaid … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| PEG’s Texas Plant Sale Canceled Posted: 06 Jun 2011 06:36 AM PDT PSEG Power LLC, a unit of Public Service Enterprise Group Inc. (NYSE:PEG) has terminated its agreement to sell a natural-gas fueled power plant in Texas as the buyer failed to arrange the required finance for the purchase. High Plains Diversified Energy Corporation (HPDEC) had agreed to buy the 1,000 MW plant for about $335 million.
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| AUD/USD Sets Up In A Range Ahead Of The RBA Interest Rate Announcement Posted: 06 Jun 2011 06:36 AM PDT The Currency Market is Abandoning USD's May Recovery (6/4) - The Reserve Bank of Australia (RBA) is set to meet and announce its interest policy in the upcoming Asian Session (Tues: 12:30AM EDT. The bank is expected to keep the OCR the same at 4.75%).
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| This Week In GBP: GBP Pressured On Economic Data, Austerity, Falling Yields; Will It Last? Posted: 06 Jun 2011 06:31 AM PDT The Pound was weaker today against the USD with the GBP/USD pair sliding from its highs around the 1.6460 area down to 1.6390. The Pound was weaker against the Yen and Aussie as well, though it managed to move sideways vs the EUR.
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| Forex – USD/CAD Eases Off Daily High As Crude Oil Trims Losses Posted: 06 Jun 2011 06:30 AM PDT Forex Pros – The U.S. dollar pulled back from the session high against its Canadian counterpart on Monday, as crude oil, Canada’s largest export, trimmed losses in choppy trade.<br /><br />USD/CAD eased off 0.9816, the daily high, to hit 0.9787 during early U.S. trade, still up 0.09% on the day.<br /><br />The pair was likely to find support at 0.9743, Friday’s low and resistance at 0.9851, Friday’s high and a two-month high.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| FX Headlines: Falling Short-term Rates In U.S. Boosts Risk Appetite Posted: 06 Jun 2011 06:23 AM PDT The U.S. Dollar was mixed in the overnight session, but of note was the shift back into the commodity currencies, with the Aussie and the Kiwi the two strongest major currencies early in Monday's session. The Swiss Franc was the weakest among the major currencies as traders ramped up bets of further stimulus by the world's central banks in order to trade growth opportunities at the expense of higher price pressures. With four central bank decisions this week, as the North American session … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Swiss Franc: The Downside Prevails Posted: 06 Jun 2011 06:17 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 06 Jun 2011 06:17 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| British Pound: The Downside Prevails Posted: 06 Jun 2011 06:17 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 06 Jun 2011 06:17 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Yen Pops Higher As Risk Aversion Rises Posted: 06 Jun 2011 06:15 AM PDT The dollar continued to flounder at the outset of a quiet start to a new trading week as investors continue to fret over the implication for growth from the creation of a meager 54,000 new jobs during May. Risk aversion is a growing theme with equity markets around the world still playing out an especially soggy patch. And while most agree that the second half of the year will be better than the first, there are growing fears that the world's largest economy is increasingly open to downside … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Growth Concerns Remain Center Stage Posted: 06 Jun 2011 06:03 AM PDT With the economic calendar on the thin side today, stocks will likely struggle to shake off last week’s negative momentum. In fact, following last week’s data deluge, we don’t have much of significance on the docket this whole week. As such, the tone of market discourse in the coming days will reflect the negative run of news flow in recent days. The debate in the market lately has been centered on the economy’s near-term growth momentum. Last week’s data consistently supported the view that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| GBP/USD Has Key Support At 1.6350 For The Bullish Scenario Posted: 06 Jun 2011 06:01 AM PDT The Currency Market is Abandoning USD's May Recovery (6/4) Short-Term- The GBP/USD is declining after a rally that ended up breaking above a declining channel.
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| Forex Trading: EURUSD In Narrow Range. Eyeing A Range Extension Today Posted: 06 Jun 2011 05:57 AM PDT The EURUSD has made a new session low at 1.4591. The high has been 1.4657. The 66 pip range is well below the 20 day Average True Range of 155. This would suggest an extension of the range at some point during the NY session. The 6 pip low to high range is simply too narrow. So which way to extend? From a technical perspective, the price consolidation has allowed for the 100 and 200 bar MA (blue and green line in the chart above) on the 5 minute chart to catch up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| The Current Economic Recovery In Perspective Posted: 06 Jun 2011 05:46 AM PDT The charts above show how the current economic expansion compares to the last two expansions (following the 1990-1991 and 2001 recessions) in terms of: a) employment (nonfarm payroll) recovery (top chart), and b) output (real GDP) recovery (bottom chart), from the Minneapolis Federal Reserve website (updated through May for employment). Note that: 1. For employment (top chart), the job gains during the current expansion (red line) are actually quite a bit better 23 months into the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/JPY Slips Amid Caution Over Greek Financing Package Posted: 06 Jun 2011 05:46 AM PDT Forex Pros – The euro slipped to a daily low against the yen on Monday, with investors remaining cautiously optimistic as they awaited further details about a tentative euro zone deal on a new financing package for Greece.<br /><br />EUR/JPY hit 116.86 during European afternoon trade, the daily low; the pair subsequently consolidated at 117.17, shedding 0.26%.<br /><br />The pair was likely to find support at 115.90, Friday’s low and short-term resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: GBPUSD Dips Below Support Posted: 06 Jun 2011 05:43 AM PDT The largely neutral IMF report has allowed for the trend down in the GBPUSD to continue. The price is dipping below the 38.2% retracement (at 1.6392 ) of the move up from Friday, the 100 and 200 hour MA at the 1.6395 and 1.6392 levels respectively. Staying below these levels will keep the bears in charge with the next target at the 1.6272 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| The Unknown Costs Of Saving The Auto Industry Posted: 06 Jun 2011 05:41 AM PDT This past Friday's unemployment report was beyond disappointing. With non-farm payrolls increasing by a token 54, 000 and the prior month's report indicating a downward revision of 12, 000 our 'walking pneumonia' economy continues to languish under the weight of excessive debts and grave uncertainties. What is an administration to do when faced with such a challenge? Spin, baby, spin.
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| Canadian Building Permits Plunge In April Posted: 06 Jun 2011 05:40 AM PDT Forex Pros – The number of new building permits issued in Canada plunged in April, official data showed on Monday. <br /><br />In a report, Statistic Canada said the number of new building permits issued plummeted by a seasonally adjusted 21.1% in April, after jumping by 16.8% in March, whose figure was revised down from a gain of 17.2%. <br /> <br />Analysts expected the number of new building permits issued to decline by 7.0% in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| AES Corp. Opens New Power Plant Posted: 06 Jun 2011 05:36 AM PDT The AES Corporation (NYSE:AES) has opened a coal-fired power plant at Galabovo in southeastern Bulgaria worth $1.74 billion with an initial capacity of 420 megawatts (MW). It is expected to reach 100% capacity of 600 MW by the end of fiscal 2011, which accounts for 9% of Bulgaria's installed power capacity.
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| Posted: 06 Jun 2011 05:36 AM PDT American Tower Corp. (NYSE:AMT), a leading global wireless communications tower operator, has stepped up its effort to become a Real Estate Investment trust (REIT). Last Friday, American Tower REIT Inc., a newly formed wholly owned subsidiary of American Tower Corp., filed a proxy statement on Form S-4 with the U.S. SEC to initiate the process of converting into an REIT.
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| U.S. Stock Futures Lower With Apple In Focus; Dow Sheds 0.3% Posted: 06 Jun 2011 05:28 AM PDT Forex Pros – U.S. stock futures pointed to a lower open on Monday, as indications the U.S. economic recovery was slowing weighed on market sentiment, while shares in Apple were in focus ahead of the company’s annual developers conference. <br /><br />Dow Jones Industrial Average futures pointed to decline of 0.3%, the S&P 500 futures dipped 0.15%, while Nasdaq 100 futures indicated a loss of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – Dollar Firms Up Vs. Rivals As Greece Financing Deal Eyed Posted: 06 Jun 2011 05:01 AM PDT Forex Pros – The U.S. dollar firmed up against its major counterparts on Monday, as a tentative euro zone deal on a new financing package for Greece supported the euro but investors remained cautious as they awaited further developments.<br /><br />During European afternoon trade, the greenback edged higher against the euro, with EUR/USD sliding 0.23% to hit 1.4601.<br /><br />Earlier Monday, European Central Bank Governing Council member Christian Noyer warned that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| USD Stabilizes Vs EUR As Next Step In Debt Saga Awaited, Weaker Equities Help JPY And USD Posted: 06 Jun 2011 04:58 AM PDT Currency markets were relatively sideways in today's trading, though the Japanese Yen strengthened as Asian and European equities were lower and that helped spur some move into the safe-haven Yen.
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| Forex – Dollar Firms Up Against Pound After Hitting 3-day Low Posted: 06 Jun 2011 04:36 AM PDT Forex Pros – The pound extended modest losses against the U.S. dollar on Monday, slipping to a fresh daily low as the pound firmed up following Friday’s losses on the back of weaker-than-expected U.S. employment data.<br /><br />GBP/USD hit 1.6396 during European early afternoon trade, the daily low; the pair subsequently consolidated at 1.6402, slipping 0.13%.<br /><br />Cable was likely to find support at 1.6304, last Thursday’s low and resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Slips But Still Supported By ECB Rate Hike View Posted: 06 Jun 2011 03:50 AM PDT Forex Pros – The euro slipped to a daily low against the U.S. dollar on Monday, but remained supported close to a one-month high amid expectations of a European Central Bank rate increase and a fresh Greek bailout deal.<br /><br />EUR/USD hit 1.4604 during European late morning trade, the daily low; the pair subsequently consolidated at 1.4605, sliding 0.20%.<br /><br />The pair was likely to find support at 1.4450, Friday’s low and resistance at 1.4898, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Sugar Futures Climb To 7-week High On Brazil Crop Concerns Posted: 06 Jun 2011 03:23 AM PDT Forex Pros – Sugar futures rose to a fresh seven-week high on Monday, extending sharp gains from the previous session as lingering concerns over sugar crops in Brazil, the world’s biggest producer, boosted prices. <br /><br />On the ICE Futures U.S. Exchange, sugar futures for July delivery traded at USD0.2384 a pound during European morning trade, gaining 0.32%.<br /><br />It earlier rose to USD0.2421 a pound, the highest price since … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| AUD/NZD Daily Fundamental Analysis For June 7, 2011 Posted: 05 Jun 2011 05:08 PM PDT By ForexMansion.com
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| AUD/USD Daily Fundamental Analysis For June 07, 2011 Posted: 05 Jun 2011 05:07 PM PDT By ForexMansion.com
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| NZD/USD Daily Fundamental Analysis For June 07, 2011 Posted: 05 Jun 2011 05:07 PM PDT By ForexMansion.com
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| USD/JPY Daily Fundamental Analysis For June 7, 2011 Posted: 05 Jun 2011 05:06 PM PDT By ForexMansion.com
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| Posted: 05 Jun 2011 03:48 PM PDT By ForexMansion.com
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