23.09.2015 - Miners getting hammered as Credit Suisse downgrades sector
Mining stocks were getting routed on Tuesday, with a key commodities index dropping to its lowest level in about a month. A rout in the mining sector comes as Credit Suisse downgraded the sector and cut its commodity-price forecasts on the back of growing concerns over a demand slowdown from China. The Bloomberg Commodity Index BCOM, -0.07% was trading at 87.33, its lowest level since late August and the index has lost more than 16% year to date. Shares of mining companies, specifically metals, have also seen hefty year-to-date declines...............................................Full Article: Source
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