Global Markets Mixed Movements

Global markets had mixed movements as worries over the Euro-zone’s continuing debt crisis and the impending US fiscal cliff were countered by a slew of positive economic data releases.

A gloomy warning from the Organization for Economic Cooperation and Development did serve to dampen sentiment, however, and a risk-off stance was evident as safe-haven treasuries and currencies picked up for the week.

Local equities and the peso strengthened following the release of stronger-than-expected 3Q12 GDP despite lingering concerns on the global economic front. Meanwhile, in the local bond market, yields climbed as investors flocked to riskier assets.

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