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Financial markets continue to move lower, shrugging off stronger-than-expected Japanese machinery orders and growth in UK’s industrial activities, as renewed concerns about the banking sector in Europe hurt sentiment. Stocks in Asia plunged for a second day with the MSCI Asia Pacific Index more than -1%. European bourses open lower with UK’s FTSE 100, Germany’s DAX and France’s CAC 40 slipping more than half a percentage point. In the commodity sector, WTI crude oil extends weakness below 74 again after rebounding above the level yesterday. Gold climbs higher with the benchmark contract rising to 1261, a step closer to the record high.

Originally posted here: 
Sentiment Under Pressure on European Concerns. Labor Actions in S. Africa Hurt PGM Production