Financial markets started to react just minutes into midnight. Europe and US benchmark indices crashed 3.4% and 3% respectively! The list of global events mentioned above had caused
· All US and Europe major indices to break low for the year 2011 (risk off)
· Crude Oil finally closed the gap of Feb 14th 2011 (weak global demand) at US 87.30 from US$ 100. In a matter of 8 days! (Risk off). Still diving lower below US$ 87.
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