Global Stocks Slump As Mining Rout Accelerates, Concerns Grow About Chinese “Stealth Devaluation”
by Tyler Durden
ZeroHedge.com
12/09/2015
Overnight market action has largely been a continuation of Tuesday’s key themes with European stocks falling as a selloff in mining companies extended to a 7th day, even as metals prices rose and crude oil rallied modestly from a six-year low after yesterday’s API crude inventory draw. U.S. equity futures have rebounded from modest declines, as emerging-market shares extended their losing streak to a 6th day while Asian stocks dropped to 2 month lows.
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