Risk Aversion Boosts Yen and Dollar as Equities Slide in Europe and US
Wednesday, May 13th, 2009
Recap: Weak industrial production data from the Euro-zone, retail sales figures from the US, and the outlook from the Bank of England pressured global equities, increasing risk aversion, which boosted the Yen and greenback.
[*There is an error in the US Import Prices slide. The previous annual change should be -14.9%, not -17.9%]
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The € down again?
Hey the german government just guaranteed the toxic debt price minus 10% for 20 years!
This should give the financials a little extra air prolonging their asphyxia.
Besides the pound just awaits another market dislocation in the retail estates judging from Aviva´s move.
LOL
0PsycoDad0 2 years ago