The
US-based
futures
brokerage
MF
Global
filed
for
bankruptcy
protection
following
bad
bets
on
euro
zone
debt.
Its
meltdown
in
less
than
a
week
made
it
the
biggest
US
casualty
of
Europe's
debt
crisis
and
the
seventh-largest
bankruptcy
by
assets
in
US
history.
"As
cooler
heads
prevail
and
look
around
and
actually
start
analysing
the
euro
zone
situation,
they
realise
we
still
got
a
ways
to
go,"
said
Tony
Nunan,
a
risk
manager
with
Tokyo-based
Mitsubishi.
"We
are
going
to
drift
lower
based
on
a
correction
from
the
euphoria
from
the
EU
summit…
Strong dollar weighs down oil