One hope was that USA was picking up. Now that companies seem circumspect to place orders, oil will fall further, in all likelihood.
Gold may improve marginally but nothing of a flight into may occur.
Dollar holds the key for all emerging economies.
Sweden cut its interest rate to zero. leading to a depreciation of its currency against the dollar.
ECB's chief economist accepted that momentum in euro-zone is weakening.
IMF fears ('high probability') deflation in Europe. So USA and dollar are still perhaps the best bet.
There is cause for concern. markets cannot live on hope alone...
Gold may improve marginally but nothing of a flight into may occur.
Dollar holds the key for all emerging economies.
Sweden cut its interest rate to zero. leading to a depreciation of its currency against the dollar.
ECB's chief economist accepted that momentum in euro-zone is weakening.
IMF fears ('high probability') deflation in Europe. So USA and dollar are still perhaps the best bet.
There is cause for concern. markets cannot live on hope alone...
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