23.09.2015 - Global equities drop as commodities tumble, dollar up
Tumbling commodities prices and worries about China's economy pulled stocks sharply lower on Tuesday, while bond yields declined and the dollar rose to a two-week high on bets U.S. officials will soon hike interest rates. Wall Street losses hovered for much of the trading day around 2 percent on selling driven by falls in oil and copper before easing. European shares were also stung by the commodities sell-off, with the pan-European FTSEurofirst 300 stocks index .FTEU3 finishing down 3.3 percent. "Investors are nervous because there is a sense that the Fed knows more than it is letting on regarding the health of the global economy," said Art Hogan, chief market strategist at Wunderlich Securities in New York...............................................Full Article: Source
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