Wednesday, January 16, 2013

Safe Haven Currency USD, JPY and CHF All Rise Against Their Riskier Rivals in Cautious Trade

Latest update from European stocks follow Asia's lead lower, A negative handover from Asia is leaving European markets on the back foot as many "risk" asset benchmarks ease from recent cyclical highs

From FTSE's update, Financials lead FTSE losses as new year rally fades, Banks come under pressure as the 2013 new year rally continues to falter in London, but Experian bucks the trend after standing by its guidance

Safe haven currency rise in cautious trade, The US dollar, Japanese yen and Swiss franc all rise against their riskier rivals as traders track political moves around the world

Menwhile, Bear Edwards upbeat over European stocks, Albert Edwards, regarded as the most dogged 'bear' in the City of London, said stocks were 'unambiguously cheap' at Société Générale's annual strategy meeting

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