KTC Capital Sees Rise in Safe Haven Stocks as Europe Troubles Continue

May 26, 2010 - PRLog -- The seizure of CajaSur Bank in Spain last week renewed concerns that the Euro troubles are far from over.  Instead, analysts are revising their downside estimates. Speculators have again shifted away from riskier assets in favor of less volatile options. This resulted in oil falling about 2.8% over the last two days.  

The change in oil prices was tempered by reports that Gasoline stockpiles have risen over the last week.  Refineries continue to operate at approximately 88.5% capacity.  As well the dollar gained one cent against the Euro in overnight trading. This trend is expected to continue as the world watches for further failures in Spain.

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