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Video: Commodity Update: Irish Banking crisis triggers risk aversion
This week 'uncertainty' strikes again, hitting both equities and commodity markets. Fuelled by the recurrance of the European Banking crisis, (particularly the Irish sovereign debt), investors have been cashing in commodity profits in the lead up to Christmas.
Alan Plaugmann, Senior Manager at Saxo Bank takes us through this dramatic 180 turnaround in the overall market, and the impact on the major commodities gold, crude and grains(In particular corn).
06:36 minutes
Tags: 2010nov, alanplaughmann, commodities, commoditymarket, crude, eurozone, irishbankingcrisis, oil, profittaking, reutersforex, sovereigndebt
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