Commodities rout deepens as Chinese trade data signal weaker demand

Discussion in 'Market News' started by Lily, Dec 8, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Figures suggest continued weak domestic demand from the world’s biggest energy user, driving the price of oil, iron ore and other metals lower

    The accelerating rout in commodity prices has piled pressure on energy and resources shares in Asia Pacific amid more signs of slowing demand from China.

    Although oil prices pushed back on Tuesday from seven-year lows, stock markets around the region felt the pain from uncertainty about global growth and the likely rise in US interest rates later this month.

    Related: America is pulling one way, China the other: will the global economy sink or swim?

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