| A slowdown in manufacturing growth numbers in Europe and China led to across the board weakness in commodities. The sentiment improved a bit ahead of the release of US housing data.
A gauge of European manufacturing shrank on back of an unexpected drop in factory output in Germany and France in March. A preliminary measure of Chinese manufacturing slipped to its lowest level in four months. These signs of slowdown turned the trading sentiment to bearish in most commodities...............................................Full Article: Source
|