The platinum market found limited support this morning from an general improvement in global macro economic sentiment. While this recovery in sentiment may not be the result of any specifically strong data from the US or China, some traders feel that it could be the result of European debt instruments finding some stability. The focus of the market is likely to shift from European debt problems to US economic activity, as the US report schedule is active this morning. Expectations for today's US data are mixed, with forecasts for a decline in a private home price survey likely to be offset by a minimal rise in US New Home Sales.
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