Global Equities Fall on a Number of Issues

While the Yen and commodities strengthen, global equities continue a second day of downside. Equity investors were nervous that Asia has rallied to fast too soon. In Japan investors were worried that some of Samurai Abe’s dovish electives  might not get approval.

In Europe industrial production fell 0.1%; more importantly Europe waits to see what will come of Italy’s long term  bond auction given the recent sovereign debt rating downgrade.

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