Financial Times FT.com

Fears for financial system cut risk appetite

By Dave Shellock

Published: June 15 2009 19:18 | Last updated: June 15 2009 22:18

Risk appetite suffered a sharp deterioration on Monday as fresh uncertainty about the global economy and the financial system prompted investors to shift away from equities, commodities and emerging market assets into the perceived safety of government bonds and the dollar.

“Risky assets continue to look top heavy as concerns about stretched valuations, especially for commodities, trigger bouts of profit-taking,” said Valentin Marinov at Commerzbank.

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