Global slowdown fears cause Rio Tinto and BHP to drop by the most since Oct 1987 |
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- Equities: Late US session trading went from bad to worse as major indices continued to negate Monday’s rally. After two days of carnage, Dow Industrials has come within 150 points of Friday’s closing levels while S&P is just 2 points shy of its respective settlement price. Stark reminder of consistent deterioration in fundamentals that is increasingly likely to translate into a US economic contraction as early as Q3 has overcome this week’s initial exuberance of an equity infusion into
Filed under: Fundamental
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