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November 9, 2008

Commodities falter on dollar rally, economic woes – International Herald Tribune- News

Filed under: Uncategorized — Tony Spann @ 10:51 pm

Commodities prices have tended to mirror the direction of the equities markets in recent weeks, and they continued to do so on Thursday. On Wall Street, a bleak outlook from computer gear maker Cisco Systems and concerns about widespread economic weakness sent the major stock indexes down more than 4 percent. A strengthening dollar and dim economic reports also weighed on energy prices. American companies slashed 240,000 jobs in October highlighting recession fears and helping to set the agenda . read more

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