Investors are watching and waiting ahead of the EU summit later in the week. What movement there is in markets suggests that expectations are becoming more pessimistic. Yields outside the eurozone core are rising swiftly; base metals prices are falling (zinc, lead and aluminium all posted new 2012 lows yesterday) and the euro is coming under pressure on the crosses with EUR/GBP looking poised to post a new low for the year.
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Barclays Capital