Diver

Eurozone worries are resurfacing, dragging into the limelight the restructuring problems in Greek/troika negotiations, an unexpected drop in German business confidence and resistance in Spain to bailout demands that would attend a full bailout request. The French CAC is currently trading 1.2% lower, with the UK FTSE 100 and Germany’s DAX are down 0.6%. Among the southern periphery, Greece’s AEX is off 0.5%, Italy’s FTSE MIB is down 1.3% and Spain’s IBEX 35 is 1.5% lower.

Diver

Following the pattern of risk averse sessions, natural resources are trading lower. Crude is extending last week’s 6.2% tumble, currently trading off 1.4% at $91.64 as weakened demand prospects and increased supply assumptions impact prices. Copper, the bellwether of industrial demand, is trading 1.4% lower at 3.73.

Diver

Among precious metals, gold is trading 1% lower at $1759.50, reversing last week’s 0.3% rise. Silver is down 2.4% in this morning’s electronic trade at 33.80.