Economics

Nickel Retreats as European Growth Concerns Dim Outlook

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Nickel fell the third time in four sessions amid concern that demand will ebb as signs of deepening economic malaise in Europe dim global growth prospects.

German consumer confidence will fall more than economists forecast in September, while French factory confidence dropped in August to the lowest in 13 months, according to reports released today. Chinese consumer sentiment fell in August, a gauge from MNI and Westpac Bank showed.