Sentiment Damped as China Denies Stimulus. Spain Conditions Deteriorate

Positive market sentiment proved to be short-lived and investors trimmed their positions after the Chinese government denied plans to add stimulus to boost domestic economic growth. Deterioration in macroeconomic conditions in Spain and further rating downgrade sent the euro below 1.25 against the greenback. Gold was hit hard with the benchmark Comex contract plunging -1.29% to settle at 1548.7. Crude oil prices were also under pressure with the front-month contracts of both WTI and Brent crude hovering around recent lows.

Go here to read the rest:
Sentiment Damped as China Denies Stimulus. Spain Conditions Deteriorate