UBS Analyst Warns Platinum Outlook is Dim

International Business Times reported the platinum outlook is dim on slowing truck sales in Europe according to Edel Tully, a UBS analyst.

As quoted in the market news:

A UBS survey of truck buyers in the troubled European trading bloc revealed most respondents expect to buy fewer trucks in coming quarters. A smaller group, about 39 percent of respondents, expect their purchases to remain steady, indicating flat sales.

Based on survey results, the Swiss bank projects a 9.5 percent decline in the European truck market this year.

Click here to read the full International Business Times report.