Risk Assets Retreat although EU Denied Credit Line for Spain

Crude oil retreats after rising to 77.19, the highest level since May 11, on profit-taking and fresh concerns over sovereign crisis. A Spanish newspaper said that the EU, IMF and the US Treasury are putting together a credit line of 250B euro for Spain. This spurred worries about the country’s liquidity and fiscal conditions.

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Risk Assets Retreat although EU Denied Credit Line for Spain