Aussies and Scandis flavour of the week in tough conditions

04 Aug 2011

Many investors favoured Scandinavian and Australian banks this week as risk aversion and volatility reigned.

European Central Bank deposits rose in what was seen as a sign that eurozone banks may be more reluctant to lend to each other, while ECB president Jean Claude Trichet announced that his central bank would re-introduce the six month long term refinancing operation from next week (see ...

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