"Grexit" Fears Fade

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The week has started with the “risk on” trading sentiment returning to markets as weekend Greek opinion polls indicated that pro-bailout parties are finding support among the nation’s voters. Though, this has kept market fears of a potential Greek exit from the Eurozone at bay, the pendulum could swing either way ahead of elections scheduled for mid June. Meanwhile, market concerns over Spain’s finances and the S&P downgrade of five Spanish banks suggest that all is not well in Spain. With a light economic calendar globally today, the upcoming week offers crucial economic releases which are likely to reflect the state of the global economy.

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