US stocks slip on fiscal cliff woes

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Agencies: New York, Nov 14 2012, 04:16 IST
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$27.09 after the surprising departure of a key executive, who analysts said was the driving force behind the company's biggest product.

The risk aversion gripping investors boosted U.S. Treasuries, with the benchmark 10-year Treasury note up 6/32, and its yield easing to 1.59 percent.

A weak German ZEW sentiment survey heightened concerns about the impact of the euro zone crisis on Europe's largest economy and knocked the euro earlier in the session.

The FTSEurofirst 300 pan-European index closed up 4.81 points, or 0.44 percent, at 1,099.16. Spain's IBEX index rallied 1.7 percent, while its bond yields eased slightly

Brent crude oil slipped $0.89 to $108.18 a barrel, falling for a second day on worries about demand growth in a well-supplied market as the United States and Europe grapple with fragile economies.

Platinum group metals rose sharply after a forecast that production outages earlier this year could create a supply deficit, while gold traded flat as investors awaited more clarifications on Greek aid by the euro zone.

Spot gold eased 0.1 percent to $1,725.94 an ounce.

U.S. COMEX gold futures for December delivery settled down $6.10 at $1,724.80 an ounce, preliminary Reuters data showed.

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