Risk on, but for how long?

Positive sentiment returned to the markets this week after German chancellor Angela Merkel said Europe was ready to act to ensure stability in the eurozone.

9th June, 2012
'Pressure is building on Spain to accept the terms of a bailout plan'.

Positive sentiment returned to the markets this week after German chancellor Angela Merkel said Europe was ready to act to ensure stability in the eurozone. Merkel said that Germany is ready to back the use of all euro-area instruments to help stabilise the 17 nation euro region.

Merkel's comments were made against the backdrop of further negative developments in Spain after rating agency Fitch cut Spain's sovereign rating to BBB from A with a negative outlook,...

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