G7 commitment unlikely to sway risk-averse investors

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12-09-2011 | 03:05
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G7 commitment unlikely to sway risk-averse investors
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G7 commitment unlikely to sway risk-averse investors
Financial markets are showing no sign of dropping frenzied antipathy to risk and, with a Group of Seven meeting in Marseilles failing to pull off a major surprise, the mood will likely spill into the new week.    

The euro zone crisis will also be a focus again with German politics and disagreement in the European Central Bank taking center stage along with renewed concern about Greece's ability to meet its obligations.    

Data from Lipper suggested the brief flirtation with stocks at the end of August has waned. Less than a net $600 million flowed into U.S. equity funds in the week to Wednesday, compared with a net inflow of $6.3 billion in the previous week.    

Meanwhile, 10-year U.S. Treasury yields fell below 2 percent again during the week as investors sought relative safety.    

So risk aversion is still in vogue. The G7's lack of concrete proposals to turn around the slowing world economy will probably simply add to it.

-Reuters
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