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China growth concerns dent commodity prices

Posted on 27 January 2014

Oil prices endured a roller-coaster week, with an upbeat economic growth forecast for the world economy giving way to concerns over Chinese output. Commodity markets traders balanced the IMF’s global growth forecast upgrades against news that manufacturing activity in key commodity consumer China shrank in January for the first time in six months.
“Business surveys … suggest that the eurozone recovery gained momentum in January, while China’s manufacturing slowdown has continued,” noted analysts at consultancy Capital Economics………………………………………..Full Article: Source


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