Concerns over the situation in the Eurozone remained and the focus shifted to the Spanish banking sector. Wall Street slumped in early trading session before rebounding. The DJIA and the S&P 500 indices slipped -0.75% and -0.67% respectively. Crude oil prices fell for the 6th consecutive day but support was found above 95.00 for WTI crude. Gold prices tumbled with the benchmark Comex contract sliding to as low as 1578.5 before ending the day at 1594.2, down -0.64%, amid the euro’s decline on worries about Greece’s exit from the Eurozone.
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Eurozone Uncertainty Increased as Spanish Banks at Risks
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