Weekly Fundamentals - Fears of Double-dip Intensify

The headlines last week were dominated by more signs of US and Eurozone double-dips. Panic selling was seen across the board as investors turned risk averse amid fears that some mega banks will fall, some debt-ridden countries in the European periphery will default and the path of economic recovery will be derailed further despite ultra accommodative policies. During the week, equities, risky currencies and commodities slumped, recording biggest losses not seen for long.

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Weekly Fundamentals - Fears of Double-dip Intensify