What happened this week: Not much as far as the general trading activity was concerned. The stories of the week came from England and the USA and only one of these directly affected with the hide market. While England shocked the world with another outbreak of the Foot and Mouth disease, the financial community has been deeply affected by the subprime crisis and the potential influences on global stock markets, interest rates and consumer spending. So far it doesn’t seem that tanners around the world have felt any of effects of either situation as Europeans are relaxing during their vacations and Asian tanners continue to buy what they consider they need. Consequently the weekly activity was limited to spotty trades with Asian clients.

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