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Global stocks drop on commodities rout

Posted on 09 December 2015

The global commodities rout throttled world stock markets Tuesday, with mining companies retreating on news of massive layoffs at mining giant Anglo American and oil prices hitting fresh multi-year lows.
A global sell-off began in Asia following weak Chinese trade data and deepened after Anglo American unveiled what it billed as a “radical” restructuring in response to weak commodity prices. Equity markets in Paris, London and Frankfurt lost between 1.4 and 2.0 percent, while the broad-based S&P 500 in the US shed 0.7 percent. In foreign exchange activity, the euro edged higher against the dollar………………………………………..Full Article: Source


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