Weekly Fundamentals - Markets Haunted by Greece as EU Lacks Measures to Deal with Its Leave or Stay

Whether Greece will leave the Eurozone continued to be the main topic of the week and given the lack of the concrete measures decided in the informal EU summit to handle the crisis, financial markets remained under pressure. In the commodity sector, crude oil prices declined for the fourth consecutive week amid the focus on macroeconomic factors while fundamental and geopolitical issues took a back seat. Gold was also weighed down as the yellow metal moved more inline with the diving euro than as a safe haven asset in recent weeks.

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Weekly Fundamentals - Markets Haunted by Greece as EU Lacks Measures to Deal with Its Leave or Stay