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Post EU Summit Optimism Fading
The market's reaction to the outcome of Friday's European summit remains uncertain. The knee jerk reaction in the financial markets was positive, as 23 of the 27 EU members have agreed to work towards tighter fiscal integration. The notable exception was the UK. EURUSD was able to rally to 1.3437 but has since fallen to 1.3300. US equity markets rallied but in Asia today Shanghai composite fell... ...More...
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