Weekly Fundamentals - Financial Markets Stabilized on QE Hopes but Downside Risks Remained

The commodity market stabilized last week amid expectations central banks would join hands in implementing accommodative policies to bolster economic recovery. On Friday, oil and gold prices initially slipped further but then rebounded as speculations loomed for a Spanish bailout. The ECB Vice President Vitor Constancio expected that Spain would probably request for financial assistance from the EU/IMF during a conference call among EU finance ministers. In the coming weeks, the upward momentum of the commodities under our coverage would be limited, as great uncertainty remains in the sovereign debt crisis in the Eurozone while economic data softened further in the US and China.

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Weekly Fundamentals - Financial Markets Stabilized on QE Hopes but Downside Risks Remained