European stocks fall on returned debt concerns

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Source: Bloomberg

On Tuesday, European stocks fell the most for the last two weeks amid concerns that borrowing costs for Spain will rise, if it does not seek for bailout. The Stoxx Europe 600 Index declined by 0.8% to 272.69 at 9:36 a.m. London time, which was the sharpest fall since September 4. Renault SA pulled a gauge of automakers in Europe down after reported slump of car sales.

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Tue, 18 Sep 2012 12:34:04 GMT

Platinum fell as Anglo American resumes operations in South Africa

Precious metals halted their rally on Monday as markets already priced in Fed stimulus measures announced last Thursday. Stronger US Dollar also added pressure on the commodity group. Meanwhile, lingering worries over instability in Spain after thousands of people protested against austerity measures over the weekend also pressurized precious metals. Gold slumped on profit-taking after recent soar on long-awaited Fed easing

Tue, 18 Sep 2012 12:01:04 GMT

Eurozone ZEW economic sentiment grew more than expected

On Tuesday, ZEW reported that its index, which measures economic expectations for Eurozone, has improved significantly in September. ZEW economic sentiment climbed to minus 3.8, from the figure of minus 21.2 in the preceding month. Analysts expected a more modest increase to the level of minus 16.5 in September.

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