24.10.2011 - Crunch time for Europe and commodities
The optimism that drove stocks and commodities higher last week has evaporated on increased concerns that European leaders at this weekend summit in Brussels will fail to deliver a workable solution to the Eurozone debt crisis. Several differences have emerged between Berlin and Paris and policymakers are working frantically to find common ground ahead of the weekend. Failure to deliver workable solutions could reignite worries about an already fragile banking system and bring back talk of recession. Talking about the near-term direction of commodity markets is therefore very difficult at this stage and another commodity update will follow on Monday when we hopefully will be a bit wiser.............................................Full Article: Source
Print