Sentiment Ruined by Moody's Downgrade, Weak US Data and Upcoming Greek Election

Investors turned cautious ahead of the Greek election. Sentiment was dampened further as Moody’s downgraded Spain’s credit rating by three notches while the US economic data disappointed. Wall Street slipped with the DJIA and the S&P 500 losing -0.62% and -0.70% respectively. In the commodity sector, the front-month contract for WTI crude oil dropped -0.845 while the equivalent Brent crude contract was largely flow during the day.

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Sentiment Ruined by Moody's Downgrade, Weak US Data and Upcoming Greek Election