Weekly Fundamentals - Risky Assets Tumbled amid Concerns on China's Rate Hike, Bailout in Ireland
BonTradeMarket's focus shifted from Fed's QE2 to G20 currency and trade tensions, and then to possible bailouts of peripheral European economies by the EU. Robust macroeconomic data in China initially boosted market sentiment and drove growth asset prices higher. However, speculations that the government will accelerate tightening measures by raising interest rates dampened risk appetite.
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Weekly Fundamentals - Risky Assets Tumbled amid Concerns on China's Rate Hike, Bailout in Ireland
