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Global commodities soften on china data

Posted on 02 December 2011

A day after rising to the month’s high, prices fall sharply as poor Chinese manufacturing data spur hope on monetary easing there. Global commodities softened on Thursday after rising the most in a month in the previous session, as poor Chinese manufacturing data pulled down the optimism spurred by major European central banks’ move to aid the region’s distressed lenders.
Global financial markets witnessed a revival of upbeat sentiments yesterday on the steps the world’s six major central banks took to tackle the euro zone debt crisis by providing cheaper dollar funding……………………………………….Full Article: Source


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