Negative mood dominates

The financial markets did not have much time to absorb the outcome of the US presidential election with Obama as the winner. Yesterday we saw weak indicators from Europe, and especially Germany’s sharp fall in industrial production pulled down – most concerning. In addition, the EU’s autumn report was announced with expectations of for instance economic growth and budget deficits in the EU countries and (as expected) this was not encouraging reading. Nevertheless, it once again made market

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Negative mood dominates