08.07.2015 - Commodity Slump Goes From Bad to Worse Amid China, Greece Spasms
Commodities are going from bad to worse. Raw materials were already among the year’s worst-performing asset classes. Now they’re bearing the brunt of economic spasms from China to Greece. “Some markets looked fragile anyway,” said Kevin Norrish, director of commodities research at Barclays Plc. The past two days wiped 4.2 percent off the Bloomberg Commodities Index, which tracks 22 raw materials. It was the biggest such decline since September 2011. Here’s how that breaks down and why: Oil has the biggest footprint in broad-based commodity indexes...............................................Full Article: Source
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