Today is Thu, August 21, 2014 23:57:47 GMT
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Contributors GBP and EUR Routed, ECB Balance Sheet at Record, S&P Falls to Low for the Week

While Italy managed to have a successful auction of short-term 6-month debt, market jitters are still there in regards to the 10-year debt on offer by Italy in tomorrow’s trading session. With the overhanging fear about the euro zone sovereign debt crisis the open of US cash equity trading saw a flight to safety and a move into safe haven currencies like the Japanese yen and US dollar, with month-end and year-end flows coinciding with thin liquidity conditions exacerbating market moves.

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