Flash: Commodities where the action is - Danske Bank

FXStreet (Barcelona) - Allan von Mehren, Chief Analyst at Danske Bank notes that most action has taken place in commodity markets following on the surface very weak trade data out of China.

Key Quotes

“Iron ore showed the sharpest decline yesterday in more than four years and reached the lowest level since October 2012. LME metal price index also plunged, hitting a two and a half year low.”

“The drop in commodity prices has taken its toll on mining stocks such as Rio Tinto, Vale and BHP Billiton.”