Concerns about Eurozone Crisis Return

Financial markets struggled as sovereign debt problems in the Eurozone returned to the centre stage. European bourses slid although Germany and France suggested that the fiscal compact may be completed by the end of January. Wall Street edged higher but the outlook was not too bullish. In the commodity sector, the front-month contract for WTI crude oil initially to slipped to 4-day low of 100.1 before recovering to 101.31 at close while the equivalent Brent crude contract settled at 112.45 after plunging to as low as 111.8. Both contracts recorded losses during the day.

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Concerns about Eurozone Crisis Return