Weekly Fundamental Outlook for Energies and Metals - Market Sentiment Survived Despite European Default Risks

Confidence was being tested last week but strong buying on Thursday and Friday signaled it's still there. Focus remained to be the debt situation in Greece and economies nearby. Earlier in the week, S&P cut credit ratings of Greece by 3 notches to BB+ (junk) and Portugal by 2 notches to A-, placing both countries in 'negative' outlook.

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Weekly Fundamental Outlook for Energies and Metals - Market Sentiment Survived Despite European Default Risks