“Unitl a few weeks ago,we were saying that so-called ___ risks have gone away.So the global economy,but esepecially the Euro area which  remains the most significant signal area of risk of global economy has moved away from the edge of the cliff.Things have begun to deteriote again recently,so we cannot rule out the development of a downside scenario which ,if ignited, could  lead to serious precaution worldwide.”

Let's go the markets.And there have been mixed results on overseas exchanges overnight. The Dow Jones ended the day fairly flat.The Nasdaq down 8.The S&P 500 down 2 and in London,the FTSE put on 99 points.

Checking commodity prices.

West Texas Crude is trading at 91 US dollars and 42 cents a barrel.Tapis Crude is at 117 dollars and 76 cents a barrel.And gold is at 1571 US dollars an ounce.

The Australian dollar has been up and down all morning.It is currently buying just below 98 US cents,as well as 77 Euro cents and 62 pence sterling.

 

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