Salient to Investors:
- The slump in commodity prices to a 5-year low signals investors are cautious about the strength of the global economy. Brent crude touched a 2-year low last week and iron ore at Qingdao is the lowest since 2009.
- Economists expect China to grow 7.4% in 2014, the weakest since 1990.
- Daniel Briesemann at Commerzbank sees high pessimism among speculative financial investors on commodities.
- IEA said oil inventories in developed countries probably expanded in August at twice the usual pace for the time of year Morgan Stanley expects supply to beat demand in aluminum to nickel to iron ore in 2014.
Read the full article at http://www.bloomberg.com/news/2014-09-22/commodities-drop-signals-global-growth-concern-chart-of-the-day.html
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