Morning Platinum Market Report

Chinese equity markets were weaker overnight, with the market seeing fresh calls for economic support from the Chinese leader as a sign of additional weakness in coming Chinese data. In other words, the markets seemed to prefer to spin potentially favorable Chinese developments into a negative overnight. European shares were also weaker with debt concerns combining with residual global slowing fears to pressure asset prices at the start of the new trading week. The US scheduled report slate today is thin today with a Consumer Credit reading the only scheduled data point of note. Expectations do call for a modest rise in US Consumer Credit and to some that might hint at positive growth, while others might suggest that fueling the US economy on credit isn't sustainable in the long run. In the end, a number of physical commodity markets are showing gains early today despite the potential for a risk-off vibe from Treasuries, equities and the currency markets.