Weekly Fundamentals - OPEC's New Strategies to Respond to Geopolitical Tensions
BonTradeThe commodity sector experienced great volatility last week as mainly driven by renewed concerns over sovereign debt problems in the Eurozone. Slump in risk appetite and strength in the US dollar resulted in the decline of commodities during the week. The market was not impressed by the outcome of EU summit. Rather, it was disappointed by the plans agreed during the meeting. Fitch Ratings lowered France's credit outlook to negative despite affirmation of the AAA rating. According to the rating agency, the 'risk of contingent liabilities' has been 'heightened' and France has almost run out of buffers to absorb shocks 'without undermining its AAA status'.
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Weekly Fundamentals - OPEC's New Strategies to Respond to Geopolitical Tensions
