Financial markets in Asian session Monday were pressured as the US employment report released last Friday indicated fragility of the recovery path of the world’s largest economy. Over the weekend, it was reported that German Chancellor Angela Merkel would push for ambitious steps towards greater fiscal union at the EU summit on June 28/29 while Spanish Prime Minister Mariano Rajoy wanted to add more pressure on Merkel on issuance of joint European bonds.
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Concerns on US Recovery and EU Crisis Continued to Weigh on Markets
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