Risk Aversion Reigns as Investors Stay on Edge
June 24, 2010
Australian Prime Minister Rudd resigned. His popularity had melted after proposing a draconian tax on mining activity. Australian markets celebrated only briefly because the government remains in the Labour Party’s hands. Former Deputy PM Gillard becomes Australia’s first woman prime minister. The Fed’s statement yesterday acknowledged heightened external uncertainties. News from Iran provided another source [...]
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