A picture illustration shows Euro and U.S. dollar banknotes in Sarajevo March 9, 2015. REUTERS/Dado Ruvic
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Here are the big talking points for markets as a new week beckons.Three consecutive weekly losses have pulled the euro down to its lowest level since March, below $1.09 .Few doubt that the US Federal Reserve will tighten in December.Q: Are emerging markets heading for another correction?Nothing hurts an EM rally like the whisper of a stronger dollar. While it has been the surprise investment of the year, the market remains cautious about stepping too far into EM trades. South Africa's rand, Brazil's real and Russia's rouble were among the best currency performers last week, as they have been all year. Wall Street analysts now forecast a 0.63 per cent year-on-year rise in S&P 500 earnings per share, marking an improvement from the roughly 1 per cent decline projected before the reporting period began last week.A: For a brief moment last week, the pound traded above $1.23, only to slip below $1.22 late last week.
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