Ian Guider: Market Talk

As the Chinese slowdown beds in, commodities are getting it in the neck

13th December, 2015
4
Anglo American, the mining conglomerate parent of diamond company De Beers, plans to cut 85,000 jobs Bloomberg

With a couple of weeks to go to the end of the year there isn’t much pre-Christmas cheer about in the markets.

It will take the mother of Santa Claus rallies to make December a positive month. The rout that began when Mario Draghi failed to act with sufficient firepower in early December (depending on your take on what the ECB did) has continued into commodities markets.

The plummeting price of oil has...

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