Market Review The positive market reaction to the news that Cyprus had agreed on a last minute deal to avoid bankruptcy lasted through the European morning session but it was short lived as the Dutch Finance minister Dijsselboem spooked the markets by saying that the Cypriot deal was a watershed moment in the Eurozone crisis and that from now on this bank bail in approach should be used as the template for the rest of Europe. The peripheral financials took a battering with Italian and Spanish
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Crude is the one exception