Weekly Fundamentals - European Countries Push for Sanctioning Iran

Financial markets this week continued to be directed macroeconomic uncertainty, especially deficit issues in both sides of the Atlantic. Risk appetite was hurt as the US Congress failed to agree on the 12 trillion saving plan over 10 years. While rating agencies affirmed that the US credit ratings would be maintained, downgrades of the outlook remained possible. In the Eurozone, signs of contagion have become more apparent.

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Weekly Fundamentals - European Countries Push for Sanctioning Iran