Risk On as Ireland Close to Bailout and US Data Beat Forecasts. Gasoline Crack Jumped

Risk appetite improved markedly as comments from Ireland's officials suggested the country will likely seek EU/IMF loans. This eased concerns about sovereign crisis in the Eurozone in the near-term. Stock markets rallied, commodities jumped while the US dollar and Japanese yen declined as investors sought for higher-yield investments. Economic data released in the NY session added to optimism that the US recovery remained intact.

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Risk On as Ireland Close to Bailout and US Data Beat Forecasts. Gasoline Crack Jumped