Market sentiment soured with European bourses leading the decline. The Stoxx600 plunged -2.21% with both financials and base materials losing more than -4.0%. Wall Street also dropped with DJIA and S&P dropping -2.26% and -2.47% respectively during the day. In Asian session today, risk appetite remained fragile as disappointing Chinese PMI, which slid to the lowest level in almost 3 years, added to worries. In the commodity sector, crude oil traded with great volatility but ended the day with only mild loss. Gold fell for the first time in 7 days with the benchmark Comex contract dipping -1.26%.
Originally posted here:
Risk Appetite Lowers as Greek Referendum Raises Uncertainty
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