Financial markets weakened on Monday as driven by the likely impasse of the US deficit cut. as well as worries over the economic outlook in Japan. Sentiment was not helped by the change in regime in Spain. European bourses traded lower, following the decline in Asian shares with the MSCI Asia Pacific losing -1%. Commodities sank with the front-month contract for WTI crude oil slipping to the lowest level more than a week and Brent crude approaching a 3-week low. Gold traded with a soft tone but 1700 remained on hold.
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Market Sentiment Deteriorates Further Amid Worries Over US Debts
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