Headline Housing Data Boosted Equities and Base Metals. Crude Changed Little at Upper End

Risk appetite has returned as seen in strength in equities and growth currencies. Although many investors remain skeptical to the credibility of the stress test, the strong result (only 7 out of 91 banks failed) released last Friday eased market concerns and the euro has rallied 3 straight days against the dollar and Japanese yen.

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Headline Housing Data Boosted Equities and Base Metals. Crude Changed Little at Upper End