Market Risk Off amid Concerns over European Peripheries

By International Business Times,  September 21, 2012, 04:05:45 AM EDT

Sentiment was under a "risk off" mode as PMI data from both China and the Eurozone was disappointing. Some noises came from the Eurozone regarding Spain's request of financial assistance and the progress of fiscal consolidation in Greece. Yet, both issues failed to excite the financial markets. Wall Street opened lower but slowly recovered with the DJIA gaining +0.14% and the S&P slipping -0.05% respectively. In the commodity sector, the front-month contract for WTI crude oil rebounded after a 3-day selloff, adding +0.48%, while the Brent crude contract added +1.70% during the day. Gains were drive by the news that a Venezuelan refinery was on fire.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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