07.02.2014 - Metals hit China wall: Is it prudent to bet on the counter after recent fall?
Shares of metal companies have been in a downtrend since the beginning of the year, but the correction intensified in the last week of January as currencies of emerging markets came under intense pressure. If that was not enough, reports of slowdown in China led to a sell-off. China's Purchasing Managers' Index slipped to 50.5 in January 2014 from 51 in December 2013. The factory growth eased to six-month low in January, hurt by weaker local and foreign demand. There are also concerns of rising debt in the system which pose risks to the economy...............................................Full Article: Source
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