Financial Times FT.com

Overview: Fed caution and Baltic woe sap confidence

By Dave Shellock

Published: June 3 2009 18:35 | Last updated: June 3 2009 22:59

Equity and commodity prices took a break from their upward march on Wednesday as recent optimism about the US economy was tempered by slightly disappointing data releases and cautious cautious comments from Federal Reserve chairman Ben Bernanke.

Investors also received a worrying reminder of potential problems from emerging Europe as a failed bond auction in Latvia triggered talk of a devaluation of the country’s currency.

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