Commodity prices fall while the dollar and Treasury prices rise amid risk averse tone.
U.S. stock futures declined Monday in sympathy with Asian and European bourses as a fresh round of COVID-19 shutdowns in China rattled investors.
What’s driving markets The holiday-shortened week started with investors in “risk-off” mode as fresh COVID-19 lockdowns in China revived concerns about the global economy. Worries about waning demand from the globe’s dominant manufacturer pushed down prices of industrial metals like copper HG00 , and forced U.S. crude oil CL.1 0.5% lower to $79.71 a barrel, close to its lowest since the end of September.
“The bears are on the prowl today as investors have little choice but to adjust for downside risk,” said Stephen Innes, managing partner at SPI Asset Management.
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