Market sentiment weakened further in European session with the focus on extension of Greece’s bailout and the approval of Portugal’s funding. The uncertainty for the bailouts has increased after the arrest of IMF Managing Director Dominique Strauss-Kahn. The euro plunged, equities slid and commodities extended weakness as investors sought safe-haven assets. The front-month contract for WTI crude oil fell to as low as 97.67 which the equivalent Brent crude contract fell to 111.42 before bouncing back.
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Sentiment Weakens as EU Ministers Discuss Greece’s Fate
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