AP News

News Summary: Commodities plunge on demand worries


GRIM OUTLOOK: Most commodity prices fell, some to multi-week lows, after a wave of major U.S. corporations offered a grim snapshot of the global economy. Slower growth cuts into demand for many raw materials, from oil and industrial metals to grains and beans.

WINNERS, LOSERS: Prices fell for oil, gold, industrial metals, wheat and corn. Prices rose for natural gas and soybeans.

WHAT'S NEXT: The Federal Reserve will end a two-day meeting on Wednesday. Some commodities investors hope that the central bank will tweak its latest plan to stimulate the economy, but no major announcements are expected.


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus