Possibility of Greece’s exit from the Eurozone and downgrades of the banking system in other peripheral economies have clouded the financial markets over the past week. While the preliminary data showed that the 17-nation region recorded better-than-expected GDP growth in the first quarter, the details indicated that growth was only confined in a few countries while some peripheries have fallen into recession. Macroeconomic indicators in the US showed some disappointments, raising the possibilities of further Fed easing.
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Weekly Fundamentals – Crude’s Downside Remains as Eurozone Turmoil Expected to Pressurize Equities
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