Risk appetite diminished markedly on Friday as US economic data was disappointing and earnings from Citigroup, Bank of America and GE missed market expectations. Weak sentiment triggering slump in Wall Street (DJIA: -2.5%, S&P 500: -2.9%) was carried forward to Asian markets today. In the commodity market, oil remains under pressure, while precious metal eased after Friday’s selloff.
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Risk Off as Earnings, Eco Disappoint
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