Commodities Fall as China Bears Strike Back
Sometimes no news is bad news. Sentiment toward China and related markets had improved dramatically over the last couple of weeks on anticipation of new stimulus for its struggling economy. That came to an abrupt end after comments by Chinese economic officials had no new commentary or details on stimulus. This news sent the Hang […]
Pound Plunge, Oil Rally and Employment Data In Focus Today
The China driven rally in equities and commodities of the last week appears to be fading. Hong Kong lost 1.4% overnight, Tokyo, which has been trading opposite to China markets in recent days, bounced back by nearly 2.0%. US index futures are down today, falling 0.1%-0.3%, as are most European indices, including losses of 0.4% […]