Jon Nadler comments on world behaviour in the light of political turmoil.
Comment on world behaviour in the light of political turmoil. Jon Nadler writes:
Traders returning to work on Monday found largely the same conditions that they had left work amid on Friday; no resolution to the Libyan upheaval, continued weakness in the US dollar, and suggestive coming from various Fed ‘factions’ as regards the prospect for a change in US interest rates. Mr. Gaddafi remained in power despite having lost control of all but Tripoli (and having all of his UK assets frozen) andcrude oil prices were largely stable as the rest of OPEC appeared set to fill the gap which Libya’s turmoil has engendered.