European Markets Pare Losses

Major indexes moved off session lows following positive trading action in the U.S.

European markets recovered somewhat Monday afternoon. However, the market was cautious as the sell-off went on. Among other things that hit negative territory: gold was at US$640, which affected sentiment in the mining sector. Nickel, Zinc, Copper - all saw losses by over 3%. Crude oil cooled by US$1.18 to US$60.46 a barrel.

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