Commodities Recover after Selloffs but Near-term Risks Remain
BonTradeMarket sentiment remained fragile in Asian session today despite mild recovery in most assets after yesterday's selloffs. The focus yesterday was intensified tensions on the Korean Peninsula. The attack was described as catastrophic and the most serious incident in the region after the Korea war. Geopolitical tensions drove investors to safe-haven assets and therefore we saw rally in US dollar and gold. Worse still, sovereign crisis in peripheral European economies remained worrisome even after Ireland requested bailout. Political chaos in Irish government raised concerns that the budget plan may not be passed.
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Commodities Recover after Selloffs but Near-term Risks Remain
