Commodities Under Pressure amid Signs of Slowdown in Asia
BonTradeCrude oil remains under pressure in European session as weakness in stock markets drag down confidence. Currently trading at 74.7, WTI crude oil price has dropped for a 4th day after reaching a 7-week high at 79.38 on June 28. Apart from China, manufacturing PMIs released in Taiwan and South Korea today also surprised to the downside, indicating recovery in manufacturing activity, even in emerging markets, is losing steam.
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Commodities Under Pressure amid Signs of Slowdown in Asia
