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Safe Haven Trades Dominate

Sentiment remains poor after S&P downgrade; equities; safe haven trades to remain in vogue. Euro zone to remain under pressure despite ECB purchases of Italian and Spanish bonds. G7, G20, EU, and ECB weekend meetings have done little…

All eyes on US jobs data today

All eyes on US jobs data today, FOMC meeting next week. Euro zone periphery remains under pressure as ECB said to buy bonds; data softer than expected. Global equity markets are lower as growth risks, sovereign risks persist; EM FX softer…

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