Commodities Rebound Depsite Spain's Downgrade. Loans to Greece Likely be Confirmed Soon While Fed's Outlook More Upbeat

The market was somewhat stronger in NY session Wednesday as a more upbeat FOMC statement and German Chancellor's comment that assistance to Greece needs to be sped up overshadowed S&P's downgrade of credit rating in Spain. Recently, commodity prices have been directed by macroeconomic news and development of sovereign problems in the Eurozone.

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Commodities Rebound Depsite Spain's Downgrade. Loans to Greece Likely be Confirmed Soon While Fed's Outlook More Upbeat