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Commodities Briefing - Categorized | Market Moves more

China concerns hit commodities, little collateral damage as yet

Posted on 12 March 2014

Asian markets were set for another tense session on Tuesday as worries about China’s economy continue to reverberate, taking a particularly hard toll on commodity prices.
February’s shock fall in exports from the Asian behemoth has cast a shadow over the global outlook, even as analysts blamed much of the drop on the Lunar New Year holidays. Oil and industrial commodities bore the brunt of the sell-off. Copper futures shed almost 2 percent on Monday, while spot prices for iron ore tumbled over 8 percent………………………………………..Full Article: Source


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