Monthly Market Trends - February 2010

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(Reuters) - Visa Inc's quarterly profit rose by 40 percent, and the world's largest payment processor said it would introduce a new fee structure for U.S. merchants.

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Consumer spending remains strong in spite of the weak GDP and for putting cash into flow in the U.S. economy in spite of the sluggish GDP growth. "Comments from the Fed yesterday noted inventories are now at more respectable degrees. People don't think the GDP number really means that much because the stage is looking for a grow in momentum the actual second quarter," Cardillo continual.

December copper gained .7% to $3.66 a pound. Palladium and platinum rose with palladium for December delivery up 4.2% to $567.30 an ounce and platinum for January delivery up 1% to $1,656.60 an ounce.

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