Risk Assets Weaken ahead of US GDP Report
Crude oil and equities retreat in European session as the market awaits US’ 2Q10 GDP data. With economic slowdown likely, investors prefer booking in profits. WTI crude oil price weakens to 77.7 from yesterday’s close of 78.36. Oil product prices also fall in tandem. Heating oil slides to 2.02 after jumping +2.04% to 2.038 while gasoline drops to 2.08/09 following a +1.65% rise yesterday.
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Risk Assets Weaken ahead of US GDP Report
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