Bad News Outside Eurozone Sent Markets Lower

The rebound in the financial markets appeared to be short-lived. In the commodity sector, the front-month WTI and Brent crude contracts pared the gains made yesterday. The benchmark Comex gold contract retreated to 1576 after failing to re-test 1600 yesterday. As investors await the informal EU meeting on Wednesday, the focus has temporarily turned to other countries. However, bad news predominates.

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Bad News Outside Eurozone Sent Markets Lower