Meanwhile - Copper, a barometer for the global economy, drops to a 2-year low on trade war fears
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Published Mon, Aug 5 2019 12:55 PM EDTUpdated Mon, Aug 5 2019 4:11 PM EDT
Maggie Fitzgerald @mkmfitzgerald
Key Points
* Copper hit a low of 2.5315, its lowest level since June of 2017, on Monday.
* Worries about what a trade war between the U.S. and China means for the global economic outlook is weakening the metal commodity, known to indicate the health of the economy.
* “The summer breakdown in copper suggests that volatility will remain a major theme in the markets in H2'19, and the odds of a recession are steadily rising,” said The Steven Report’s Tom Essaye.
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