Germany Tones Down Optimism over EU Summit
SylviaHunt30Oil reversed gains after German leaders downplayed the importance of EU summit in the coming weekend. Both Finance Minister Schaeuble and Chancellor Angela Merkel's chief spokesman, Steffen Sieber stated that there will not be a conclusive solution for the sovereign debt crisis after the meeting. Stocks weakened with DJIA and S&P 500 sliding -2.13% and -1.94% respectively while Europe's Stoxx600 losing around -1.0% following a +1.5% rise earlier in the day.
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Germany Tones Down Optimism over EU Summit
