The focus was shifted to Europe yesterday. Disappointedly, both the macroeconomic data released in the Eurozone and the Franco-German summit raised market worries over the outlook in the region. Stocks and commodities (excepting for gold) lost ground. In the US, Fitch’s affirmation of the Treasury’s AAA rating supported the US dollar. Economic indicators, however, sent mixed signals on the country’s developments.
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Financial Markets Drop as France and Germany Failed to Deliver Feasibile Solutions to Contain Crisis
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