Wall Street Slumps And They Are Not Alone

15 Jan , 2015 Video

A fall in US retail sales, disappointing company results and falling commodity prices have seen stocks on Wall Street suffer as investors react.

Retail sales were down 0.9% in December which is far worse than analysts expected.

Shares in JP Morgan and Wells Fargo have slipped due to disappointing fourth quarter profits.

In the back of investors’ minds, there will also be the downgrading of global growth by the World Bank and the continuing fall in commodity prices.

In London, the market slumped again due to the fall in commodity prices. With the price of copper reaching its lowest in five years, shares in mining firms also dropped.

Oil prices continue to slide to a near six year low, with Brent crude now only $46 a barrel, meaning that investors in Asia are worried and the markets are suffering as a result. Japan leading the losses on Wednesday.

Further information:

Commodities News, Commodity Trading Prices & Data | Reuters.com

SINGAPORE - Global commodity prices came under heavy downward pressure on Wednesday as an oil rout continued and the World Bank lowered its global ...