Quotes from the news wire:
The market was very worried about slowing growth anyway so last night's big downward revision to global growth by the World Bank has probably stoked that fear, combined with that, there's general risk reduction across all risky assets and the slide in oil prices is having a follow-through effect on metals.
Found on Reuters 10 years ago
Initially people were saying the fall in oil could be a positive because it could be a boost for global growth. Whereas now... people are saying that the continued fall in oil is reflective of weak consumption in the first place and if so, that is negative for commodities.
Found on Reuters 10 years ago
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