13.01.2016 - Commodity Rout Spreading Pain Beyond Energy, Citigroup Says
Low commodities prices are hurting the very companies that you’d think would benefit from them. The rise in volatility that has accompanied lower prices of materials from oil to copper to corn is making it harder for management of companies across Standard & Poor’s 500 Index sectors to forecast future cash flows, according to Citigroup Inc. That uncertainty can lead even companies that aren’t commodity producers to decrease investing and expansion, which subsequently crimps sales growth, Citigroup’s Financial Strategy and Solutions Group wrote in a note distributed to clients Tuesday...............................................Full Article: Source
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