Sentiment Temporarily Lifted on Spanish Bailout

Market sentiment was lifted by Spain's request for financial assistance for recapitalization of it banking system. The net impact to the market should be positive in the near-term as it has greatly reduced the need for the Spanish government to seek funding from the market for some time. China reported the latest set of macroeconomic indicators. As expected after the surprising rate cut, economic developments in May weakened further.

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Sentiment Temporarily Lifted on Spanish Bailout