Market sentiment eased a tad as Italy passed the 2012 Budget and Prime Minister Berlusconi promised to resign. Wall Street fell in the morning session but then reversed after the news. DJIA and S&P 500 rose +0.84% and +1.17% respectively. In the commodity sector, the benchmark contract for WTI crude oil rose to as high as 97.08 before settling at 96.8, up +1.34%, while the equivalent Brent crude contract surged to 116.48 before ending the day at 115, up +0.38%. Gold stroke above1800 briefly, for the first time since September, as demand for safe-haven rose. The benchmark Comex contract settled at 1799.2, up +0.45%.
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Sentiment Improves as Italy Passes Budget, PM resigns
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