China slowdown impacts commodities

FrieFrench

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The Bloomberg Commodity Index dropped 0.8 percent to 118.5683 at 1:52 p.m. in New York, after touching 118.2027, the lowest since July 17, 2009. Commodities are 12 percent lower this quarter, set for the biggest such loss since the financial crisis in 2008.

China’s Finance Minister Lou Jiwei said growth in Asia’s largest economy faces downward pressure and reiterated that there won’t be major changes in policy in response to individual economic indicators. Group of 20 finance chiefs and central bankers said low interest rates could lead to a potential increase in financial-market risk, as major economies rely on monetary stimulus to bolster uneven growth.

Via China slowdown impacts commodities
 
 
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